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HomeLatest NewsThe Ibex 35 chokes near annual highs without the Wall Street reference

The Ibex 35 chokes near annual highs without the Wall Street reference

Date: June 22, 2024 Time: 15:06:11

The Ibex 35 activates the brake after approaching 9,500 points, very close to annual maximums. The Spanish stock market reference starts the week with a decline of 0.2% and clings to 9,400 in a session conditioned by the closing of Wall Street and the bearish current that comes from Asia, in which the Nikkei, the main indicator of the Stock Market of Tokyo 1% is left before the collection of benefits.

The downward revision of China’s 2023 GDP in the face of weak macroeconomic data is not helping to boost sentiment. In this line, the falls are widespread among the main markets with declines ranging from 0.40% in Milan to 0.45% in London. In Paris and Frankfurt, for their part, they also recorded a cut of more than 0.4%.

The high tension originated by the central banks gives way to a somewhat more relaxed week, but of a certain intensity, in which the preliminary readings for June of the leading activity indices of the manufacturing sectors will be published, the well-known PMIs prepared by S&P Global Germany, France, UK and US next Friday.

“Investors will take advantage of the rebounds in many values ​​to collect benefits, waiting for the main events of the week,” Link Securities specifies. Next Thursday it is the turn of the Bank of England, which everything indicates that it will again increase its reference interest rates by a quarter of a point, up to 4.75%.

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Back in Spain, most of the values ​​experienced corrections, being Colonial (-1.45%) Sacyr (-1.35%) and ArcelorMittal (-1.37%) the hardest hit. On the opposite side, Telefónica, Aena and Grifols serve as a counterweight and lead the increases in the Ibex 35.

* 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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