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The Ibex 35 bounces above 10,600, shaken by Naturgy and the Fed’s prediction

Date: May 22, 2024 Time: 10:58:22

The Ibex 35 registered a respectable rebound this Wednesday at the close, with an advance of 1.02%, reaching 10,633 points, after the sharp falls experienced on Tuesday due to tensions in the Middle East and uncertainties about the possible reduction of the interest rates. Fed Chairman Jerome Powell confirmed that any monetary easing move will be delayed longer than expected. and that encouraged the banks, which see how the scenario of high rates and wide margins that they now enjoy can be extended.

Investors were attentive to the publication of new business results in Europe and the United States, including those of ASML, but they have come across confirmation of a possible corporate operation in Naturgy by the Emirati energy company Taqa, which is in es for associates to Criteria and buy the stakes in the gas company of CVC and GIP.

The biggest increases in the Ibex 35 were recorded in Naturgy (+6.1%) and the banking sector with Sabadell (+2.9%) leading the gains, followed by Cellnex (+2.8%), Unicaja (+2 .77%) and BBVA. (+2.6%). On the negative side, Indra (-1.8%), Rovi (-1.2%), Arcelro (-0.93%), Ferrovial (-0.2%) and Repsol (-0.13%) dominated the last five positions of the index. The rest of the values ​​rose with the three heavyweights due to visible revaluations: Iberdrola (+0.7%), Inditex (+0.18%) and Santander (+1.4%).

The main European stock markets were trading higher, with increases of 0.12% on the Frankfurt Dax, 0.35% on the London Ftse; 0.6% in the Cac of Paris and 0.7% in the Mib of Milan. Regarding the oil market, the price of a barrel of Brent, a reference for Europe, registered a decrease of more than 2%, to 88 dollars. In the foreign exchange market, the euro advanced against the dollar, trading at 1,064, while in bonds, the interest required for the 10-year Spanish bond moderated to 3.29%.

* 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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