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Thursday, March 28, 2024
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The Ibex fights for the 9,500 supported by the banks after the results of Bankinter

Date: March 28, 2024 Time: 15:37:05

The Ibex 35 remains on the edge of 9,500 points at the start of the results season in Spain that began this Thursday with Bankinter. The entity led by María Dolores Dancausa has exceeded market expectations with a net profit of 184.7 million during the first quarter of the year, almost 20% more year-on-year. The entity has benefited from the rate hike, raising its interest margin by more than 63%. The firm’s titles lead the rise at the opening and soared 3.1%, pushing the selective to place itself at levels prior to the collapse of SVB Financial.

On the macroeconomic agenda, the publication in the euro area of ​​the preliminary reading of the consumer confidence index for April and in the US of the initial requests for weekly unemployment benefits stand out, a figure that is a good approximation of the evolution of weekly unemployment in the country and that, for this reason, it is closely followed by investors, after the Federal Reserve alerted in its Beige Book that the granting of credit has slowed down in the North American country.

In this context, the stock markets of the Old Continent are trading in a mixed tone. Frankfurt fell 0.36%, Milan fell 0.21%, London lost 0.12% and Paris dropped 0.15%. Back in Spain, the banking sector stars in the session. In addition to the aforementioned firm, CaixaBank, Sabadell and Unicaja Banco also rose, with rebounds of more than 2%. Santander and BBVA also stand out, recording increases of 1.24% and 0.75%. On the other hand, ArcelorMittal (-1.23%), Inditex (-0.95%), Acciona (-0.84%) and Meliá (-0.88%) fell.

At the opening of the stock market, the price of a barrel of Brent oil, a reference for the Old Continent, fell 0.91%, to $82.32, while Texas stood at $78.42, 1%. less. In the foreign exchange market, the price of the euro against the dollar stood at 1.0967 ‘green bills’, while in the debt market, the interest demanded on the 10-year Spanish bond was practically stable, in the 3.497% .

* 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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