The Ibex begins the week immobile, anchored at 9,400 integers, awaiting the start of results

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July 17 () –

The Ibex 35 has started the week with hardly any changes, with a fall of 0.30 points this Monday compared to Friday, standing at 9,438 points, just a few days before the start of the business results season in Spain.

Specifically, on Thursday and Friday they will publish their semi-annual Bankinter and Línea Directa accounts, respectively, being the prelude to other large listed companies that will begin to publish their results in the coming days.

In the macro sphere, this Monday it was published that China’s Gross Domestic Product (GDP) registered an expansion of 0.8% in the second quarter of the year compared to the first three months of 2023, when it had increased by 2.2 %, driven by the end of the restrictions to contain the Covid-19.

Looking ahead to the rest of the week, inflation data for the euro zone, the UK and Japan will be released, while the central banks of China and Turkey will meet. All this in a context of publication of accounts by large foreign companies.

On this Monday, Grifols was crowned as the value that has grown the most (+3.30%), ahead of Fluidra (+2.69%), Amadeus (+0.85%), Acciona Energías Renovables (+0.83%), CaixaBank (+0.68%) and Aena (+0.53%).

On the other hand, Cellnex has been the firm that has fallen the most of all the selective (-1.04%), ahead of Acerinox (-1%), Indra (-0.91%), Logista (-0, 88%), Iberdrola (-0.84%) and Rovi (-0.55%).

In this way, the Ibex has dodged the ‘red tide’ that has affected the rest of the large European stock markets. The German DAX index is down 0.23%; the French CAC 40, 1.12%; the Italian FTSE MIB, 0.19%; and the British FTSE 100, 0.38%.

In the raw materials market, a barrel of Brent fell 1.25% at the end of the European trading session, to 78.85 dollars, while the West Texas Intermediate (WTI) stood at 74.40 dollars, a 1.35% less.

In debt markets, the Spanish 10-year yield bond has fallen to 3.511%, from 3.533% seen at Friday’s close. In this way, the risk premium has advanced by an integer, up to 103.1 basis points.

In the foreign exchange market, the euro appreciated 0.07% against the dollar, reaching an exchange rate of 1.1235 “green tickets” for each euro.

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Written by Editor TLN

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