The Ibex 35 maintains the bearish trail that began this Monday and starts the session with falls. The selective yields 0.03%, which places it below 9,300 points with an eye on the New York stock market, which opens after yesterday’s holiday, and the PMI readings in the US. In Europe it has been known that the activity of the private sector in Germany and France, the two largest economies in the European Union, has returned to expansive territory in the month of February, after eight and seven months. In Spain, three Ibex companies publish results: Rovi, Enagás and Logista.
“Everything seems to indicate that the European and American stock markets, after the strong start to the year, are somewhat tired, having reached significant levels of overbought, both the indices and many stocks, with many of them also facing the current prices to important resistances”, specify from Link Securities.
The markets of the Old Continent have also started downwards. Frankfurt lost 0.3%, Milan 0.18%, London 0.17% and Paris 0.01%. Back in Spain, Rovi shot up almost 7%, Grifols 1.4%, Cellnex 1.2% and ArcelorMittal 0.7%. On the side of falls, Endesa and Meliá stand out, each losing 1%, while Indra points to 0.5%, Iberdrola (+0.4%) and IAG (+0.4%).
Likewise, the price of a barrel of Brent oil, a reference for the Old Continent, stood at a price of 83 dollars, with a decrease of 0.5%, while Texas stood at 77 dollars, with a rise of 0 .8% Finally, the price of the euro against the dollar stood at 1.0676 ‘green tickets’, while the Spanish risk premium stood at 104 basis points, with the interest required on the ten-year bond at 3.534 %.