In June the selective of the Spanish stock markets and markets has accumulated a fall of 3.34%
June 28 () –
The Ibex 35 has closed the second quarter of 2023 with a fall of 1.18%, reaching 10,943.7 points this Friday, while June has also been its worst month since October.
Specifically, in June the selective of the Spanish stock markets and markets has accumulated a fall of 3.34%, the largest decrease since the 4.36% observed in the month of October 2023. Only in the last week of this month, the index has fallen 0.80%.
The change in market sentiment has occurred in a month in which the European Central Bank (ECB) decided to undertake a reduction in interest rates, despite the fact that it worsened the inflation outlook for the remainder of the year.
Likewise, volatility returned to the markets after the European elections that were held at the beginning of the month and which resulted in the early call of elections in France due to the advance of the extreme right.
The stocks with the best performance in June were Inditex (+6.38%), Aena (+5.99%) and Solaria (+4.89%). On the other hand, Naturgy (-17.08%), Fluidra (-15.83%), Grifols (-12.72%) and Colonial (-10.63%) stood out in negative territory.
On Friday alone, the stocks that have risen the most have been Acerinox (+1.95%), ArcelorMittal (+1.23%), BBVA (+1.21%), Merlin (+1.17%) and Meliá (+1.12%), while the companies that have fallen the most have been Acciona (-1.87%), Endesa (-1.49%), Grifols (-1.38%), Acciona Energía (-1.08%) and Enagás (-0.93%).
The negative evolution of the Ibex has been common in the main European stock markets during the month of June. London has fallen by 1.09% in the month; Paris, by 7.18%; Frankfurt, by 2.37%; and Milan, by 4.34%.
At the close of Friday’s session, a barrel of Brent crude oil was at $86.4, up 0.01%, while West Texas Intermediate (WTI) crude oil was at $81.45, down 0.35%. Both benchmarks have gained more than 2% this month.
In the debt market, the yield on the Spanish bond maturing in 10 years stood at 3.419% this Friday, from the 3.354% recorded at the close of Thursday. In this way, the risk premium has increased by 1.3 points, to 91.9 basis points.
In the foreign exchange market, at the close of the European trading session, the euro appreciated 0.1% against the dollar, reaching an exchange rate of 1.0713 ‘greenbacks’ for each unit of the community currency.
Next week, a number of macroeconomic data will be released both at a Spanish and European level. On Monday, manufacturing activity in the Eurozone will be published, as well as inflation in Germany; while on Tuesday, unemployment in Spain and inflation in the Eurozone will be announced and the traditional forum of the European Central Bank (ECB) will begin in Sintra (Portugal).
On Wednesday, the PMI for services and the composite for Spain and the eurozone will be released, while on Friday, data on industrial activity in Germany and Spain, as well as retail sales in the eurozone and unemployment in the United States will be published.
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