The Ibex 35 puts a candy point at 9,000 points. Without obstacles -for now- that make investors lose their nerves, the selective points to another day of increases thanks to the impulse of the banking sector. The lack of macroeconomic references pushes the stock markets up and with little activity after two weeks full of turbulence. “We will have to remain very attentive to the behavior of bond yields, which in recent sessions have been marking the pace of equities, as well as any news that may arise that affects the European or American banking sector,” Link Valores specifies. .
In this sense, the ten-year Spanish debt yield registers a slight rise at the opening of the markets to 3.3%, in line with the long-term Italian bond, which stands at 4.1%, while the American reaches 3.5%. From the aforementioned house of analysis they warn that the “true impact that the crisis of confidence in the banking sector is going to have or not on economic growth remains to be seen; if it is going to cause a credit contraction or not and if it will end up leading to some developed economies into recession, a scenario that, although we do not rule out, is not the one we consider most likely”.
The European stock markets have also woken up with rises. Paris rebounded 0.7%, Milan 0.5%, Frankfurt 0.4% and London 0.3%. Back in Spain, ArcelorMittal leads the advances (+2%), followed by Bankinter (+1.1%), Logista (+0.98%) and Sacyr (+0.89%). In the rest of the banks, BBVA registered an increase of 0.57%, Santander rose 0.59%, CaixaBank 0.42% and Unicaja Banco 0.41%. Sabadell, for its part, gave up 1%, leading the falls.
At the opening of the stock market, the price of a barrel of Brent oil, a reference for the Old Continent, rose 0.32%, to 78.39 dollars, while Texas stood at 73.68 dollars, 0.66% more, while in the foreign exchange market, the value of the euro against the dollar was placed at 1.0824 ‘green bills’.
