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The Ibex gains momentum from 9,200 and faces the end of the results upwards

Date: March 29, 2024 Time: 12:19:46

The Ibex 35 is not resigned and seeks to recover the level of 9,300 points. The selective starts the week with force and points to a rise of 0.8% in the final firestorm of business results after giving up 1.4% in the last week under the threat of further rises in interest rates. The Europeans are fighting to close the last days of the February stock markets positively. Inflation in the eurozone countries will determine the course of the markets in the coming days.

Fixed and variable income have corrected part of their advances both in the Old Continent and in the United States, a movement that, according to analysts, has been more noticeable on Wall Street, where the main indices have fallen around 5% since their annual highs. “From now on it will be the macroeconomics that sets the pace for the financial markets, currencies, bonds and stocks, so it will be necessary to be very attentive to the advanced indicators and the data that is being released and, of those, this week we will have many, since the macroeconomic agenda is quite intense”, they emphasize from Link Securities.

In this context, European parquets are encouraged with increases that reach 1.2% in the case of Frankfurt, in line with Milan, which rises another 1%, while Paris remains on the brink (+0.9%). Back in Spain, almost all stocks point to the green, except for Cellnex Telecom (-1%), Acciona Energía (-0.6%) and Acciona (-0.1%). On the rise side, IAG (+1.9%), Amadeus (+1.7%), Inditex (+1.5%), Indra (+1.2%) and Ferrovial (+1%) stand out.

At the opening of the stock market, the price of a barrel of Brent oil, a reference for the Old Continent, is stable at 82 dollars, the same as Texas, stable at around 76 dollars. In the foreign exchange market, the price of the euro against the dollar stood at 1.0554 ‘green bills’, while the Spanish risk premium was around 105 basis points, with the interest required on the ten-year bond at 3.557%.

* 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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