The Ibex falls 1.17% in the week and is close to 9,100 points

10 Feb. () –

The Ibex 35 has closed this Friday at 9,117.4 points, which represents a decrease of 1.17% compared to the 9,225.6 integers that it registered at the close of last Friday, after a last day of the week marked by a large number of values ​​in ‘red’. Compared to Thursday, the decrease was 1.36%.

“After rising more than 10% driven by the drop in inflation, the prospects of lower rate rises, the reopening of China and the stabilization of energy prices, the Spanish selective is beginning to suffer symptoms of exhaustion,” says the analyst by XTB Joaquin Robles.

Only six of the 35 stocks on the selective have registered a positive behavior this Friday: Repsol (+4.08%), Sacyr (+2.14%), Mapfre (+1.61%), Acciona Energías Renovables (+1, 29%), Telefónica (+0.97%) and Solaria (+0.47%).

The decreases are led by Inditex, which fell 4.58%, ahead of Meliá (-4.53%), IAG (-4.05%), Aena (-3.67%), Bankinter (-3, 40%) and Amadeus (-3.30%).

Inditex’s decline occurred after agreeing with the unions on a fixed minimum wage starting at 18,000 euros for all workers in its stores of the different brands of the group in Spain, an amount to which other variable remunerations such as those linked to seniority will be added. , commissions or night work, among others.

Elsewhere in Europe, the German DAX fell 1.39%, while the French CAC 40 fell 0.82% and the Italian FTSE MIB contracted 0.86%. The Euro Stoxx 50 has registered a negative evolution of 1.23%, while the British FTSE 100 has fallen by 0.36%.

Regarding raw materials, a barrel of Brent has reached 86.32 dollars, 2.16% more, while West Texas Intermediate has stood at 79.71 dollars, 2.09% more, an evolution that would explain the rise in oil companies on the stock market.

In the debt market, the yield in the secondary market of the Spanish bond with a maturity of 10 years has risen to 3.313%, from 3.236% on Thursday. In this way, the risk premium with respect to German bonds has advanced by 1.6 points, up to 94.9 basis points.

In the foreign exchange market, the euro has continued its downward trend against the dollar, falling to 1.0672 dollars for each euro, 0.63% less.

“Next week will continue to be marked by the debate between the prospects for inflation, growth and the response of the central banks. Among the most relevant economic data are those of inflation, where those of the US stand out, which could mark the seventh consecutive fall and relax the prospects for further rate hikes. The GDP of the euro zone in the last quarter of 2022 is also noteworthy, where growth of 0.2% is expected, and retail sales in the US,” Robles anticipated.