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HomeLatest NewsThe Ibex 35 follows a resistance manual in defense of 10,000 after...

The Ibex 35 follows a resistance manual in defense of 10,000 after a sticky CPI

Date: April 14, 2024 Time: 20:21:46

The Ibex 35 began the session this Thursday, the last month of February, with a fall of 0.2%, threatening to break down the level of 10,000 points, after knowing the advanced inflation readings in Europe. The Consumer Price Index (CPI) rose 0.3% in February compared to the previous month, but reduced its interannual rate by six tenths, to 2.8%, but maintains its resistance to falling and hindering a future ECB rate cut to be above the 2% target that the central bank has in mind.

The day is marked by the publication of business results in Spain, including the expected accounts of Grifols, which plummeted more than 6% after announcing its 2023 accounts. The pharmaceutical company earned 59 million euros in 2023, 71% less , in the midst of restructuring its business and management leadership after the crisis unleashed in early January by the Gotham report.

Fluidra has also presented results (net profit of 114 million euros, -28.8%), which led it to shoot up 8% in the stock market after the opening; or Sacyr (153 million euros, +39%) which fell 0.4% after theirs. The most notable value at the start of the market is Amadeus, which plummeted 6% on the stock market after announcing its latest figures and shareholder remuneration plans.

The main European stock markets opened in positive territory this Thursday, with increases of 0.15% in Milan, 0.14% in Frankfurt and London, and 0.12% in Paris. At the opening of the stock market, the price of a barrel of Brent oil, a reference for Europe, fell 0.46%, to $81.77, while the price of Texas crude oil stood at $78.22, down 0.46%. .41% less. In the foreign exchange market, the euro advanced against the dollar to 1,084 dollars, while in the debt market, the interest required on the 10-year Spanish bond climbed to 3,339%.

* 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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