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The Ibex 35 rebounds from 10,000 points with some extreme rewards and punishments

Date: April 21, 2024 Time: 19:54:43

The Ibex 35 bounces 0.5% this Friday, the first day of March, after accepting the support point at 10,000 points and seeks to recover levels after closing February in the red, its second consecutive month on the decline. This time the Spanish index joins the upward movement of the European stock markets after having lagged behind and even traded against the current. The German Dax rises 0.73%, the Cac adds an additional 0.29% and the British Ftse grows 0.6%.

Within the Ibex 35, extreme movements are occurring both upwards and downwards. Grifols soars nearly 10% after announcing that it has closed the ‘due diligence’ with Haier to sell Shanghai Raas, while reaffirming its free cash flow forecast before extraordinary items of 500 million euros by 2024, after of the doubts generated on Thursday after their results.

The rise also strengthens Amadeus (+5%) after denying rumors that it is considering the purchase of Shift4, news that caused its shares to fall on Thursday. Unicaja is the third value that rises the most with an advance of 2.5% this Friday. Cellnex, IAG and Merlin support the positive climate with advances of 1.7%. Heavyweights such as Santander, BBVA, Iberdrola and Inditex are also trading with slight advances.

On the decline side, there are also extreme movements in the shares of companies that presented their corporate results yesterday at the close. The steel company Acerinox plummets 5% reacting to its own, followed by the construction company ACS (-3.5%). Logista, Ferrovial and Fluidra fall more than 1%.

For its part, in the energy market, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.28%, to 82.14 dollars, while that of Texas stood at 78. 41 dollars, 0.19% more. The price of TTF gas rose by 3%, to 25.5 euros. In the foreign exchange market, the price of the euro against the dollar advanced to 1.0813 ‘greenbacks’, so much so that in the debt market the interest required on the 10-year Spanish bond climbed to 3.32%.

* 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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