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The Ibex 35 struggles to consolidate the rebound from 9,400 with the pull of Telefónica

Date: July 27, 2024 Time: 09:45:05

The Ibex 35 seeks to extend its rebounds for the third consecutive day and starts the day with an increase of 0.2%, to 9,456 points. On the day before the publication of the CPI in the United States and with two days left before the meeting of the European Central Bank (ECB), the stock markets of the Old Continent are trading in a mixed tone. The slight decline of 0.04% in Frankfurt stands out, while Paris (+0.09%), Milan (+0.22%), London (+0.24%) experienced increases.

This Tuesday, macroeconomic data was released, such as the final reading of Spain’s CPI, which increased by 0.5% in August compared to the previous month and raised its interannual rate by three tenths, to 2.6%, due to the increase of the prices of fuels and lubricants for personal vehicles and liquid fuels. The underlying rate, for its part, which does not include unprocessed foods or energy products, fell one tenth in August, to 6.1%, which is 3.5 points above the general CPI.

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The unemployment rate in the United Kingdom also stands out, which has risen to 4.3% in the May-July period, half a point above that registered in the previous quarter, given the rise in unemployment due to the increase in the number of unemployed up to 12 months. The estimate of salaried workers for the month of August points to a monthly decrease of 1,000 people compared to the revised figure for July, to 30.1 million people, with a reduction in the number of vacancies, while salaries rose by 7, 8% in its largest increase since fiscal 2001.

In this context, back in Spain, almost all securities are trading positively. Grifols leads this rise with a rise of 4.65%, followed by Telefónica (+1.4%), Meliá (+0.94%), Aena (+0.7%) and Cellnex Telecom (+0.46% ). Among the corrections at the opening, ArcelorMittal (-1.65%), Colonial (-1.15%), Acerinox (-0.6%), Merlin Properties (-0.83%) and Repsol (-0.72) stand out %).

At the opening of the stock market, the price of a barrel of Brent oil, a reference for the Old Continent, rose 0.19%, to 90.81 dollars, while Texas stood at 87.56 dollars, 0.19%. 31% by mass. Regarding currencies, the price of the euro against the dollar advances to 1.0734 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond climbs to 3.688%.

* 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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