economy and politics

The Ibex starts the week looking at 11,200, with a rise of 1.27%

The Ibex starts the week looking at 11,200, with a rise of 1.27%

June 24 () –

The Ibex 35 closed the first session of this week with a rise of 1.27%, reaching 11,172.1 points, in a day without major macroeconomic references.

Today it was learned that the Ifo index, which shows that the confidence of German businessmen, has fallen in June for the second consecutive month, standing at 88.6 points from 89.3 the previous month.

However, investors are waiting this week, especially, for the personal consumption expenditure price index in the US, which is the preferred variable of the Federal Reserve (Fed) to monitor how prices evolve in the country.

In Europe, the markets will be awaiting the advance CPI data for the month of June, where a moderation is expected, according to Renta 4. In addition, next Sunday, June 30, the first round of the early legislative elections will be held in France .

In this context, Naturgy has led the selective (+3.48%), ahead of ACS (+3.13%), Acciona (+2.94%), Solaria (+2.86%), Sacyr (+ 2.67%) and Banco Sabadell (+2.43%).

On the other hand, only two stocks closed the session negative this Monday: Indra (-2.12%) and Enagás (-0.62%).

The good performance of the Spanish stock market was similar in the rest of the main European stock markets. London has advanced 0.77%; Paris, 1.09%; Frankfurt, 0.99%; and Milan, 1.63%.

Regarding raw materials, a barrel of Brent stood at $85.78 at the close of the European trading session, up 0.63%, while West Texas Intermediate (WTI) reached $81.37, down 0. .79% more.

In the debt market, the yield on the Spanish bond with a 10-year maturity closed the session at 3.281%, below the 3.287% on Friday. In this way, the risk premium has been reduced by 1.7 points, to 85.8 basis points.

In the foreign exchange market, the euro has appreciated 0.30% against the dollar, trading at an exchange rate of 1.0724 ‘greenbacks’ for each euro.

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