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HomeLatest NewsThe Ibex 35 remains close to 10,000 points pushed by Inditex

The Ibex 35 remains close to 10,000 points pushed by Inditex

Date: February 25, 2024 Time: 11:49:00

The Ibex 35 closed this Monday with a rise of 0.92% and was close to 10,000 points, in an attempt to put last week’s fall behind it, when it fell 1.65%. Inditex, Iberdrola and BBVA have pushed the selective upwards this Monday. In most European stock markets the green sign has dominated. The German Dax rose 0.65%, the Paris Cac rose 0.55% and the Milan Mib rose 0.9%. On the other hand, the Ftse 100 in London fell 0.28%. In the US, the S&P 500 set all-time highs on Friday, surpassing for the first time the 5,000 points that it still maintains at the close of the European markets.

The week begins without reference to the main Asian squares, with many of them closed for the celebration of the Lunar New Year. The Japanese store, on the other hand, has not opened due to the celebration of National Foundation Day in Japan. Juan José Fernández-Figares, director of Link Gestión, explains that the European and American stock markets face a new intense week, “with many values ​​and indices presenting some symptoms of overbought, so we do not rule out that these markets enter a small phase of consolidation, in which it is feasible that there will be some cuts, as a result of profit-taking by some investors.”

Most stocks are listed with a green sign at login. Grifols leads the increases in the selective (+4.3%), followed by Unicaja, which scores 3.46%, Solaria (3.09%) and Acciona (2.69%). On the opposite side, only Rovi stands out, which fell 0.15%, Caixabank, which fell 0.2%, Aena, 0.45% and Ferrovial (-0.29%).

Outside of the Ibex, Talgo shares have returned to the stock market this Monday. The firm fell by 8.19% at the start of the session, although it moderated the falls and closed the day falling 5.54%, after the Hungarian group Ganz-MaVag (Magyar Vagon) confirmed interest which it has to buy for 620 million from the railway manufacturer. In a statement to the National Securities Market Commission (CNMV), Magyar Vagon explained on Friday that the main obstacle to executing the offer on Talgo is related to the company’s financing subject to the change of control in order to obtain the corresponding regulatory permits.

Regarding the energy market, the price of a barrel of Brent oil, used as a reference in Europe, shows a decrease of 0.4%, to $81.8. The price of TTF gas is quoted at 25.78 euros/MWh. In the currency market, the euro loses ground against the dollar, trading at $1.0777. In the area of ​​debt, the interest required on the 10-year Spanish bond amounts 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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