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The Ibex 35 persists above 10,700 points and seeks to break its streak of falls

Date: May 20, 2024 Time: 09:55:35

The Ibex 35 maintains the upward trend in the mid-session with increases of 10.85% and remains above 10,700 points, specifically, it rises to 10,740 points. In this way, the Spanish selective could change his luck after five consecutive days closing down. Meanwhile, the European market also maintains its increases.

Specifically, the main indices continue to trade higher. The FTSE 100 and the FTSE Mib have accelerated and are up 1.12% and 1.03%, respectively. The Dax, for its part, softens its rise a little and grows by 0.86% and the Cac 40 rises by 0.78%.

In this way, the European stock market has followed in the wake of Wall Street, which closed most of its indices higher. Nasdaq closed with a rise of 1.68%, S&P 500 rose 0.74% and Dow Jones fell slightly, with a rise of 1.68%, S&P 500 rose 0.74% and Dow Jones fell slightly, with a rise of 1.68%, All this after of a day marked by the publication of the Industrial Production Price data for the month of March in the US, which gave the market a break and reached 2.1%, less than what experts estimated. However, the underlying rate joined the rise in the CPI and grew to 2.4%, more than expected.

The stock markets are replenished after the speech by the president of the ECB, Christine Lagarde. After announcing that rates were going to be maintained, Lagarde left the organization’s future planes and possible reductions in the hands of upcoming data. In this way, investors’ expectations were frustrated by the lack of precision from the president of the ECB.

However, on this day, most of the heavyweights continue to rise. Iberdrola is trading with an increase of 01.51%, Inditex grows 1.13% and Santander 0.49%. BBVA, for its part, drags the Spanish selective with a drop of 0.99%.

The protagonist of the increases becomes the energy sector with Solaria as the leader, which grew by 3.01%, followed by Endesa (+2.91%), Acciona (+2.70%) and Naturgy Enery (+2, 44%). Regarding the declines, only four companies fell on the stock market. The first in the banking sector, Banco de Sabadell leads the list with a drop of 1.02% and is followed by BBVA, which falls 0.99%. Grifols fell 0.38% and IAG fell 0.15%

The price of a barrel of Brent oil rises 1.18% and reaches 90.80. In the currency market, the euro accelerates its fall with 0.74%, to 1.0646 dollars. Regarding the debt market, the interest on the 10-year bond plummets by 3.50%.

* 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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