Business The Ibex 35 turns around and advances over 8,100 points in the...

The Ibex 35 turns around and advances over 8,100 points in the half session

Archive – Stock market indices in the Madrid Stock Exchange Palace – Eduardo Parra – Europa Press – Archive

The Ibex 35 turned around and rose 0.28% in the half session on Monday, which led it to stand at 8,150.2 points at twelve noon, at the beginning of a week in which investors they will be attentive to the PMI indices of the industry of Germany, the eurozone, Spain, the United Kingdom and the United States.

This Monday it was published that industrial prices in Germany fell by 4.2% in October, the first monthly decrease since May 2020.

Likewise, the gross domestic product (GDP) of the Organization for Economic Cooperation and Development (OECD) grew by 0.4% in the third quarter of the year, after the expansion of 0.5% in the second quarter, while Compared to the same period in 2021, the year-on-year increase was 3.3%.

On the other hand, the chief economist of the European Central Bank (ECB), Philip Lane, has assured that the institution will raise interest rates again at its next meeting in December, although it has lowered expectations regarding the scope of the next increase, after two consecutive increases of 75 basis points, noting that “there is no longer a platform” to consider a very large increase.

During the week the latest meetings of both the Fed and the ECB will be known, which will reflect all the content of the latest decisions, so some details that were not revealed at that time could be known. The market will also be watching the evolution of the Covid-19 in China.

In this scenario, the largest increases in the Spanish selective were presented by Sabadell (+1.84%), Merlin (+1.68%), Enagas (+1.68%), Sacyr (+1.67%), Red Electrica (+1.53%) and Bankinter (+1.22%).

On the contrary, Fluidra (-1.93%), Acciona Energia (-1.53%), IAG (-1.45%), Arcelormittal (-1.26%) and PharmaMar (-1) stood out in ‘red’ ,14%).

The rest of the European stock markets traded negatively in the mid-session, with falls of 0.08% in London, 0.2% in Paris, 0.6% in Frankfurt and 0.96% in Milan.

The price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 87 dollars, with a decrease of 0.71%, while Texas stood at 79.7 dollars, with a drop of 0. 47%

Finally, the price of the euro against the dollar stood at 1.0239 ‘greenbacks’, while the Spanish risk premium stood at 98 basis points, with the interest required on the ten-year bond at 3.004%.



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