The Ibex closes with a fall of 1.28%, halfway to 9,000 points

May 31. (EUROPE PRESS) –

The Ibex 35 has closed the day with a fall of 1.28%, so that the selective of the Spanish stock markets and markets has been located at 9,050.2 points, despite the fact that during a large part of the session it had been trading almost unchanged from the previous close.

Today’s session was marked by the publication of the manufacturing PMI in China, which shows that the expansion of economic activity in the Asian country moderated in May, mainly as a result of the contraction observed in the manufacturing sector.

It has also been known that the CPI in France moderated in May to 5.1% in the interannual rate, eight tenths below the increase of 5.9% in the previous month, while in Italy inflation stood at 7.6% in interannual data, compared to the increase of 8.2% in the previous month.

On the other hand, the European Central Bank (ECB) has warned that the tightening of financing conditions as a result of the rise in interest rates to contain high inflation could put families, companies, governments and segments of the sector to the test. market such as real estate, which could reveal vulnerabilities in the financial sector.

Investors were still awaiting at market close the approval of the US debt ceiling agreement in Congress and the publication by the US Federal Reserve (Fed) of its Beige Book, a document that provides a detailed assessment of the economy by the 12 US regional central banks.

In this context, only five stocks were listed in ‘green’: Telefónica (+1.40%), Cellnex (+0.61%), Naturgy (+0.53%), Merlin (+0.26%) and Logista (+0.17%).

On the contrary, among the companies that have fallen the most, Rovi (-6.73%) has led, ahead of Solaria (-4.58%), Acciona (-4.54%), Acerinox (-3.79% ), Banco Sabadell (-3.79%) and BBVA (-3.74%).

The evolution has been similar in the rest of Europe, with Frankfurt and Paris falling 1.54% in both cases, Milan falling 1.97% or London leaving 1.01%.

At the close of the European trading session, a barrel of Brent was trading at $72.80, down 1.01%, while West Texas Intermediate fell 0.75%, to $68.93.

In the debt market, the yield on the 10-year Spanish bond was 3.332%, compared to the 3.388% registered at the close of Tuesday. Thus, the risk premium against German bonds has risen by four tenths, to 105 basis points.

In the foreign exchange market, the euro depreciated 0.87% against the dollar at the close of the trading session, reaching 1.0641 ‘green tickets’ for each euro.