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The Ibex 35 accelerates and regains 9,400 points driven by the banking sector

Date: July 27, 2024 Time: 05:30:38

The Ibex 35 steps on the accelerator and starts the week with a rebound of almost 1%, a rise that helps it regain 9,400 points thanks to the pull of the banking sector. It thus joins the rest of the parks on the Old Continent with Milan in the lead (+0.87%). Also noteworthy is the boost in London (+0.4%), Paris (+0.6%) and Frankfurt (+0.5%) just before the meeting of the European Central Bank (ECB), which will take place this Thursday and will be marked by inflation. . , which does not let up, while the signs of economic weakening are increasingly evident.

In this environment, interest rates on the debt do not give in to pressure and trade in a stable range in a week where macroeconomic references will not let up. In the case of the ten-year Spanish bond, the profitability experienced an increase of 0.6% at the opening of the stock market, up to 3.6%.

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In China, the authorities have announced in several cities the partial or complete withdrawal of the restrictions imposed on the purchase of housing in recent days with the aim of reactivating a real estate market mired in a crisis for two years. Within the Asian giant, the stock market protagonist is Alibaba, which experiences a fall of more than 3% after the former president and former CEO of the Chinese e-commerce giant Alibaba, Daniel Zhang, also resigns from the identical positions he held in the subsidiary . Group cloud computing.

Back in Spain, practically almost all the values ​​are trading positive, except for Mapfre and Acciona Energía, which experienced a decline of 0.25% and 0.38%, respectively. The index is boosted by banking with the increases in BBVA, Unicaja Banco and Bankinter, with increases ranging between 2% and 1.65%. However, it is Grifols that leads the index with an increase of 2.5%. Santander also accelerated by 0.97%, while CaixaBank accelerated by 0.97%.

At the opening of the stock market, the price of a barrel of Brent oil, a reference for the Old Continent, fell 0.3%, to 90.38 dollars, while Texas stood at 86.94 dollars, 0. 65% less. As for currencies, the value of the euro against the dollar advances to 1.0736 ‘greenbacks’, while in the debt market the interest demanded on the ten-year Spanish bond scales up to 3.665%.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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