The Ibex 35 starts the day strongly and registers a rise of more than 0.4% at the opening, which puts it on the brink of 9,200 points, after losing almost 0.9% this Wednesday. The real possibility of further rate hikes has taken over the mood of investors, who are still awaiting corporate results. This Thursday it is the turn of Telefónica, Deutsche Telekom, AXA and Hochtief, among others. The CPI for the euro area will be another focus of attention for the markets, after inflation in the US has moderated less than expected.
From Link Securities they assure that the markets have entered a consolidation phase in which investors will opt for the collection of benefits, above all, of the values that have behaved best. “The bonds currently offered attractive returns that, for the most conservative investors, have already become an interesting alternative to equities,” they specify. This fact may make it difficult for stock markets to get out of this “sideways” trend they have entered, at least in the short term and without a new catalyst, such as a rapid reduction in inflation.
The parks of the Old Continent have awakened in a mixed tone. Frankfurt rises 0.26% at the opening; Paris, 0.18%, and Milan, 0.15%, while London fell 0.24%. Back in Spain, Telefónica rose 2% and IAG 1.6%, followed by Aena (+0.9%), Amadeus (+0.56%) and Santander 0.66%. In the opposite band are Rovi (-1.8%), Solaria (-1.45%) and Acciona (-0.8%).
Likewise, the price of a barrel of Brent oil, a reference for the Old Continent, stood at a price of 80 dollars, with a rise of 0.12%, while Texas stood at 74 dollars, with a rise of 0.1 % Finally, the price of the euro against the dollar stood at 1.0608 ‘greenbacks’, while the Spanish risk premium stood at 106 basis points, with the interest required on the ten-year bond at 3.576%.
