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Tuesday, June 18, 2024
HomeLatest NewsThe Ibex becomes strong and leads the rises in Europe in full...

The Ibex becomes strong and leads the rises in Europe in full tranche of results

Date: June 18, 2024 Time: 02:34:31

The Ibex 35 is not giving up and seems willing to stabilize at annual highs. The selective advances 0.4%, up to 9,271 points, supported by the avalanche of business results. This Friday is the turn of Sacyr, Amadeus or Endesa. On the first anniversary of the start of the war in Ukraine, in addition to corporate accountability, investors will be watching another key macroeconomic data: the personal consumption price index (PCE), the indicator most followed by the Federal Reserve ( Fed), rate that analysts expect to have eased in January.

Wall Street closed this Thursday with slight rises after two days down before the data of the GDP of the United States, while inflation in the eurozone also showed signs of moderation. In the case of Spain, from Link Securities they specify that what is more relevant for the behavior of the Ibex shares will be what their managers say in the presentation of results regarding expectations and remuneration policies.

The European parks begin to distance themselves from these increases as the session progresses. After 12:00 Spanish hours, Frankfurt and Paris fell by 0.2% and 0.07%, respectively, while Milan remained flat and London posted an advance of 0.34%. On the Madrid stock market, Sacyr overtook Amadeus (+2.91%) with a rebound of 4.3% after publishing results. They are followed by Telefónica (+1.4%), Aena (+1.21%), ACS (+1%) and Cellnex Telecom (+0.97%). IAG, for its part, accentuates its fall and loses almost 5% after mid-session after presenting results and announcing 80% of the capital of Air Europa for 400 million. Rovi (-0.85%), Indra (-0.84%) and Bankinter (-0.8%) also fell.

The barrel of Brent has been located at 82.81 dollars, 0.72% more, while the West Texas Intermediate (WTI) has advanced 0.65%, up to 75.88 dollars. In the debt market, the yield on the 10-year Spanish bond stood at 3,421%, compared to 3,443% at the close of Thursday. Thus, the risk premium on German debt has stood at 94.7 points (1.2 points more). In the foreign exchange market, the euro has continued to lose strength against the dollar, falling 0.11% and settling at 1.0584 dollars for each euro.

* 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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