economy and politics

The Ibex closes in a draw (-0.04%) and accumulates three days above 11,300 points

The Ibex closes in a draw (-0.04%) and accumulates three days above 11,300 points

May 21. () –

The Ibex 35 closed this Tuesday with a slight correction of 0.04%, reaching 11,334.9 points, in a day of transition in the markets, but which has helped the national indicator to accumulate its third consecutive closing for above 11,300 integers, a level that it achieved last week and that allowed it to set unprecedented highs since July 2015.

The main indicator of the Spanish market has been an incentive for Telefónica after the State Society of Industrial Participations (SEPI), an entity dependent on the Ministry of Finance, has reached 10% of the operator’s share capital.

In this context, SEPI, which completed the mandate of the Government transferred at the end of last year, has acquired a total of 567,016,155 shares with an average price of 4.0295 euros per share, so the amount of the operation It amounts to almost 2,285 million euros, although to this share package we must add 541 titles that the entity dependent on the Treasury already had in its portfolio and which raise the total number to 567,016,696, as reported this Monday in a statement after the closing. From the market.

In addition, CriteriaCaixa’s intention to double its stake in Telefónica from the 5.007% it currently holds to 10% has become known, placing it at the same level as SEPI. The Saudi operator STC also aspires to this participation, which has a direct position of 4.9% and another indirect position of 5% through financial derivatives (9.9% in total).

Given this situation, Caixabank (+1.34%) and Telefónica (+1.15%) have been precisely the most bullish values ​​on the Ibex, just ahead of Bankinter (+0.77%), Unicaja (+0.76 %), Fluidra (+0.75%), Banco Sabadell (+0.61%) and BBVA (+0.54%).

On the other hand, the falls in Solaria (-1.82%), Acerinox (-1.73%), Merlín (-1.59%), IAG (-1.55%), Acciona Energía (- 1.38%) and Cellnex (-1.37%).

Also in the business field, Squirrel Media announced this Tuesday the purchase of the advertising agency IKI Group, which will allow it to double its business volume and lead the Spanish independent advertising market. Its shares have concluded trading on the stock market’s continuous market with an increase of almost 6%, up to 1.68 euros per share.

During this day, the Council of Ministers approved, among other issues, the unemployment benefit reform signed between the Ministry of Labor and CC.OO. and UGT on May 8 and with which Spain complies with one of the milestones associated with the fourth payment of European funds.

The main European stock markets have also seen losses: London fell 0.09%; Frankfurt 0.22%; Milan 0.64% and Paris 0.67%.

On the macroeconomic agenda, Germany’s producer price index (PPI) in April has barely stood out, which registered a 3.3% drop in the year-on-year rate.

The price of a barrel of Brent quality oil, a reference for the Old Continent, fell 1.45% at closing time in Europe, to 82.5 dollars, while Texas (reference for the United States) stood at $78.67, 1.42% less.

In the foreign exchange market, the price of the euro against the dollar depreciated 0.04% to 1.0853 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond closed at 3.26% after subtracting two basis points, with the risk premium (the differential with the German bond) at 76.3 points.

The troy ounce of gold, which yesterday reached a new all-time high of $2,450, moderated this day and was trading around $2,420.

For its part, bitcoin has accumulated a revaluation of more than 5% at the start of the week, exceeding the level of $71,000 for the first time since mid-April.

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