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The Ibex 35 wavers from 9,600 points and stops the rally in the last session of July

Date: April 14, 2024 Time: 20:17:10

The Ibex 35 deflates the rise of recent days and clings to 9,600 points before closing the month. The selective starts with a decline of 0.3%, up to 9,655 points after the markets have finished digesting the avalanche of macroeconomic data and the appointment of the central banks. The fall is in line with that registered in Frankfurt (-0.22%), while Paris falls 0.11%, London is listed on the table and Milan rises 0.23%.

The stock markets of the Old Continent await the GDP and inflation data for the euro area in a mixed tone, which point to a moderation in prices and a reactivation of growth, according to analysts, after this region entered into recession in the first quarter of the year. of the year The results of giants such as Apple and Amazon will also be relevant.

This week it is expected that both the Bank of England (BoE) and the Reserve Bank of Australia will follow the same pattern and link their next steps to the macroeconomic data that they learn. In this sense, from Bankinter they point out that, if confirmed, the main drivers of the stock markets will be business results, as well as the CPI and employment figures.

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Back in Spain, the biggest declines come from Amadeus, which dropped more than 2.3%, followed by Colonial (-1.7%) and Cellnex Telecom (-1.6%). Banks are also putting downward pressure on the index, among which the 1% drop in BBVA stands out. On the other hand, Rovi (+2.7%), Meliá (+2.3%) and IAG (+1.5%) lead the rises.

At the opening of the stock market, the price of a barrel of Brent oil, a reference for the Old Continent, fell 0.14%, to $84.29, while Texas stood at $80.47, 0. 14% less. As for currencies, the value of the euro against the dollar stands at 1.1014 ‘greenbacks’, while the Spanish risk premium is around 104.2 basis points, with the interest required on the ten-year bond in 3,540%.

* 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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