economy and politics

The Ibex bounces in the middle session and recovers 9,200 points

The Ibex bounces in the middle session and recovers 9,200 points

May 16. (EUROPE PRESS) –

The Ibex 35 rebounded 0.08% in the mid-session, around 12:30 p.m., so it returned to positive territory and recovered 9,200 points when trading at 9,208.1 integers, in a day marked above all by macroeconomic data.

Specifically, investors have learned this morning that China’s industrial production grew by 5.6% year-on-year, compared to 3.9% the previous month, but below the market forecast of 10.6%. As for retail trade, the Chinese statistical office indicated that they totaled 3.49 trillion yuan (461.520 million euros), an interannual increase of 18.4%, compared to 10.6% in the previous month.

For its part, inflation in Italy stood at 8.2% last April, compared to 7.6% the previous month, although one tenth below the preliminary reading, as reported by the National Institute of Statistics. (Istat).

In this context, Amadeus led the rallies in the selective towards the mid-session, with a rise of 1.99%. Behind were Colonial (+1.46%), Meliá (+1.01%), Grifols (+0.93%), Aena (+0.91%), Telefónica (+0.82%), Acciona Renewable Energies (+0.62%).

On the contrary, BBVA led the decreases (-0.82%), followed by Bankinter (-0.70%), Unicaja Banco (-0.65%), Inditex (-0.64%), CaixaBank (-0 .62%), Logista (-0.60%) and Acerinox (-0.57%).

Regarding the rest of the European markets, the German DAX index advanced 0.06% after the half session, while the French CAC40 fell 0.09%, and the Italian FTSE MIB rose 0.12%. On its side, the British FTSE 100 registered a flat advance and the Euro Stoxx 50 advanced 0.03%.

Brent a barrel stood at $74.99, down 0.32%, while West Texas Intermediate (WTI) fell 0.25% to $70.90.

In the debt market, the yield on the 10-year Spanish bond stood at 3.340%, from the 3.376% observed at Friday’s close. Thus, the risk premium against German bonds stood at 106.4 basis points, three tenths less.

In the foreign exchange market, the euro appreciated by 0.18% against the dollar, so that the exchange rate in the market reached 1.0894 dollars for each euro after the mid-session.

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