economy and politics

The Ibex loses 1% in the week and remains halfway to 9,200 points

Despite the rise of 1.15% this Friday

May 5. (EUROPE PRESS) –

The Ibex 35 ended the week with a decrease of 1%, reaching 9,147.3 points, seven days marked by the monetary policy meetings of the United States Federal Reserve (Fed) and the European Central Bank (ECB). .

“While Powell was not clear about what he will do in June at the next meeting (…), Christine Lagarde was blunt in practically confirming that the recent rise, which leaves rates in the eurozone at 3.75% , it will not be the last of this explosive cycle that began at the beginning of 2022. Within this framework, the markets corrected in general, leaving the ‘red numbers’ as the constant of the week”, explained the XTB analyst Darío García .

Friday’s session, which the Ibex closed with a rise of 1.15%, was marked by the publication of the first quarter results of CaixaBank and IAG. Likewise, investors have also had the labor reference of the US, where 253,000 jobs were created and the unemployment rate fell by one tenth, to 3.4%.

In this way, Grifols has led the increases in the Ibex, with 5.98%. Behind were Rovi (+4.51%), Solaria (+3.98%), Fluidra (+3.43%), Banco Santander (+3.01%) and Banco Sabadell (+2.86% ).

On the other hand, only three stocks have closed negative: Merlin, which has fallen by 2.49% impacted by the ex-dividend effect, Logista (-1%) and Iberdrola (-0.38%).

Compared to the rest of the European markets, London has advanced by 0.98%; Paris, 1.26%; Frankfurt, 1.44%; and Milan, 2.54%. The Euro Stoxx 50 has rallied 1.25%.

In this context, the barrel of Brent has risen by 3.56%, up to 75.06 dollars, while the West Texas Intermediate has stood at 71.13 dollars, 3.73% more.

In the debt market, the yield on the 10-year Spanish bond reached 3.375% this Friday, from 3.288% on Thursday. In this way, the risk premium has been reduced by eight tenths, to 108.4 basis points.

On its side, the euro has appreciated by 0.1% against the dollar, reaching an exchange rate of 1.1023 dollars for each euro.

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