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HomeLatest NewsThe Ibex 35 gains strength and seeks a rebound from 9,100 after...

The Ibex 35 gains strength and seeks a rebound from 9,100 after a week of tension

Date: June 3, 2023 Time: 10:06:32

The Ibex 35 gains momentum and starts the day with slight rises, up to 9,220 points, although this rise will not prevent the week from ending in negative. The mixed tone of Wall Street, in which Nvidia has given a boost to the Nasdaq, as well as of Asia, in which the Nikkei has continued to advance positions to the good performance of technology companies, favored by the yen, have also given way to a mixed opening in Europe. Artificial intelligence has given some oxygen to the stock markets, while the spotlight continues on the agreement on the debt ceiling in the United States, with a few days left before the date on which the country could default.

In the last throes of the afternoon yesterday, the Republicans suggested that an understanding could finally be reached today and that some analysts pointed out that the most radical parts of the Democrats and Republicans may not like it. “The risk continues to be that it does not arrive in time to avoid a potential default, especially considering that Monday is a holiday in the US due to the celebration of Memorial Day. That is why the law that is being worked on is short and it leaves many parts to be developed in the future and that the leaders of both parties have notified their co-religionists that they are prepared to return to Washington to process the law at any time during the long weekend,” they specify from Link Securities.

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The possibility of this agreement inspires optimism in the markets of the Old Continent. London rises 0.66%, Paris rises 0.38%, Frankfurt 0.37%, while Milan stands out and loses 0.44%. Back in Spain, the biggest increases were recorded by ArcelorMittal (+2.3%), Grifols (+2%), Aena (+1.66%), CaixaBank (+1%), Sabadell (+0.78% ), Acerinox (+0.75%). On the contrary, it falls in BBVA (-0.48%), Indra (-0.35%), which has communicated its intention to increase the number of directors, and Acciona (-0.33%).

In the raw materials market, the price of a barrel of Brent oil, a reference for the Old Continent, is placed at a price of 76.35 dollars, with an increase of 0.12%, while Texas is trading at 72.03 dollars, with an increase of 0.28%. In parallel, the price of the euro against the dollar stood at 1.0728 ‘green bills’ at the opening, while, in the debt market, the interest demanded on the ten-year Spanish bond stood at 3.590%.

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

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