The Ibex 35 returns to the upside and approaches 8,800 points
The Spanish selective has maintained its instability for much of the session this Wednesday, however, to close with increases of 0.23% that make it reach 8,792.90 points.
One more day, the 8,800 continue to act as a barrier, although the selective has tried to assault that level in a day in which positive quarterly results from companies and solid macroeconomic data have converged, which contrast with investors’ fear of the spread of the Delta variant of the coronavirus, China’s strict regulation of technology companies and investors’ concern that US economic growth has reached its maximum level.
The rest of the European stock markets are trading with a positive sign. The German Dax 30 rises 0.90%; the Italian FTSE Mib, 0.54%; Cac 40, 0.44%; the Euro Stoxx 50, 0.72% and the London FTSE 100, 0.31%.
With respect to today’s macroeconomic agenda, has highlighted the publication in the US of the private job creation data for July provided by the payroll processor ADP, a preview of the non-agricultural employment data that will be published next Friday, and that allow a better knowledge of the current situation the US labor market, whose latest data have negatively surprised the market, and which directly influence the monetary policy decisions of the Federal Reserve.
Thus, the figures from the consulting firm ADP have been well below expectations. The consensus expected the creation of 695,000 jobs, but finally the figure has reached 330,000, also well below the figure for last June (680,000).
In addition, investors have also counted on the publication of the final readings of the indices of purchasing managers in the services sector, PMIs services, in the Euro Zone and its main economies, corresponding to the month of July.
The definitive figures of the Eurozone services PMI they have been revised down to 59.8 points, although one tenth above what was expected. Also, the ISM non-manufacturing, at 64.1, has exceeded forecasts.
The IHS Markit Purchasing Managers Index (PMI) for Spain’s services sector, which accounts for around half of the country’s economic output, fell to 61.9 in July, according to the results of a poll published today. In June, the index had stood at 62.5. A . poll of analysts had forecast the figure to stand at 63.0 in July.
The price of new and used housing registered a year-on-year increase of 4.9% during the month of July, the highest increase since January 2019, according to the Tinsa IMIE General and Large Markets statistics.
Siemens-Gamesa led the advances and rose 2.23%, followed by Acciona 1.87% and Cellnex 1.75%. On the contrary, the most bearish values of the Ibex 35 in the middle of the session are Endesa, which fell 2.08%, PharmaMar, with cuts of 2% and Repsol fell 1.28%.
In the Continuous Market of the Spanish stock market, Nyesa rose 19.18%, Borges 8.46% and AmRest 7.74%. On the other hand, Service Point led the losses with 4.64%, Tecnicas Reunidas with 3.78% and Duro Felguera with 2.81%.
Nyesa has decided to execute a capital increase by offsetting bankruptcy credits and credits against the estate for a nominal amount of 51.32 million euros, without a premium, through the issuance and circulation of 3,421,562,020 ordinary shares, of 0.015 euros of nominal value each.
The Unicaja Banking Foundation has lost the status of controlling shareholder of Unicaja Banco after the capital increase carried out after the merger by absorption with Liberbank, which has meant that its percentage of participation in the resulting entity has fallen to 30.236%.
On the other hand, Naturgy shares closed this Tuesday on the stock market with a rise of 1.3%, after the approval, with conditions, of the Government to the voluntary and partial takeover of the Australian fund IFM, thus going up almost to the price of the offer.
Across the Atlantic US senators continue to negotiate amendments to pass the nearly $ 1 trillion bipartisan infrastructure plan, hoping that in the next few days it can be sent to Congress for approval, while, in parallel, the Democrats want to carry out their social proposal, of an amount greater than 2.3 trillion dollars, but before which they remain reticent some more conservative Democratic senators, whose votes are needed for it to pass unilaterally.
The euro is exchanged at 1.1838 greenbacks. The risk premium in Spain rises 2.10% to 73 basis points and the yield on the ten-year Spanish bond rises to 0.23%.
The price of crude falls at the close of the Spanish session. A barrel of Brent, a benchmark in Europe, fell 2.43% to 70.63 euros while West Texas fell 3.15% to 68.31 euros.