The Ibex falls 0.64% in the half session and holds 9,500 points

July 24 () –

The Ibex 35 registered a fall of 0.64% towards the half session in the first trading day after the general elections this Sunday, although the selective has managed to hold the level of 9,500 points by standing at 9,510.4 integers.

In this way, the selective has corrected slightly upwards the fall of 1.41% that it had registered in the first hours of trading. The evolution of the Spanish Stock Market occurs before the possible blockade in the formation of the Government due to the equalization of forces between the left and the right.

Outside the realm of politics, investors will have their sights set this week on the publication of the business results of Naturgy, Almirall, Applus, Gestamp, Endesa, Banco Santander, BBVA, CaixaBank and Aena, among other companies.

The European Central Bank (ECB), the United States Federal Reserve (Fed) will also meet and the stress tests for banks in the euro zone will be published.

This Monday it became known that the activity of the private sector in the euro zone continued to deteriorate in July as a result of worsening demand, particularly in the manufacturing sector, as reflected by the advanced data from the Purchasing Managers Composite Index (PMI), which has fallen to 48.9 points from 49.9 in June, marking its lowest level in eight months.

In this context, Telefónica was the stock that rose the most in the mid-session (+1.32%), ahead of Solaria (+1.11%), Acciona (+1.03%), Acciona Energías Renovables (+0.90%) and Cellnex (+0.82%).

On the other hand, Endesa was the value that fell the most (-3.30%), ahead of Indra (-3.07%), Banco Sabadell (-2.94%), Unicaja Banco (-2.43%), Bankinter (-2.19%), CaixaBank (-1.68%) and Banco Santander (-1.67%).

Regarding the rest of the major European markets, the German DAX rose 0.12%, while the French CAC 40 contracted 0.21% and the Italian FTSE MIB advanced 0.06%. On its side, the Euro Stoxx 50 fell 0.25% and the British FTSE 100 rose 0.06%.

Regarding raw materials, a barrel of Brent traded at 81.75 dollars, 0.85% more, while West Texas Intermediate appreciated 0.87%, up to 77.74 dollars.

In the middle of the post-election day, the yield on the Spanish bond with a 10-year maturity stood at 3.427%, below the 3.478% at the end of Friday. In this way, the risk premium climbed almost two points, reaching 102.7 points in the mid-session.

In the foreign exchange market, the euro depreciated 0.37% against the dollar, until registering an exchange rate of 1.1082 ‘green tickets’ for each euro.