The Ibex 35 has risen 0.23%, to 9,095 points, at the end of a lateral week for the Spanish index, which began on Monday from 9,030 integers. Within the selective, the most pronounced falls have been those of Iberdrola, IAG Y Meliá, while the other side of the coin has been the increases of ArcelorMittal Y PharmaMar.
In the case of Iberdrola, it has continued to suffer on the stock market after FundNews has published that the indictment of Ignacio Sánchez Galán in the Villarejo case is a “reputational risk” with “negative impact” for your quote.
In addition, tourism values (Meliá, IAG) have received a decline than The United Kingdom has only included the Balearic Islands and not the Canary Islands on your list of safe destinations to travel.
US BANKS SURPASS THE STRESS TEST
At the international level, banks in the United States are protagonists after have passed the stress tests of the Federal Reserve (Fed), showing that “they could withstand another serious recession,” the Fed said in a statement. As expected, all remaining restrictions on buybacks and dividends have been lifted.
Analysts indicate that this decision could mean the return of billions of dollars in excess capital to shareholders, and they specify that we will have to wait for the last figures of the second quarter to see how much it could rise, given the recent warnings from JP Morgan and Citigroup that the income will probably be much lower.
Nike is also news, which has exceeded estimates with its income and it shoots in Wall Street, which is trading at all-time highs.
Also, there is a lot of talk about Toshiba and the removal of its chairman by its shareholders.
PCE INFLATION RISES IN LINE WITH EXPECTED
On the economic scene, the inflation index PCE, which reflects changes in the prices of products and services purchased by consumers in the US and is the measure that the Fed observes to calibrate inflation expectations, has rebounded to 3.9% year-on-year, slightly below the 4% anticipated.
However, this is its highest level in almost three decades, since 1992. For its part, the underlying PCE has risen to 3.4% from 3.1% year-on-year, in line with forecasts. At the last meeting, the Fed had to raise its forecasts for this indicator to 3.4% for the whole year in general rate and until 3% in underlying rate.
In another vein, the central bank of Mexico it has surprised the market with an unexpected rate hike.
The Ibex recovered 9,000 points this Thursday, extending the lateral movement of the last weeks. The experts at Bolsamanía explain that, to confirm a signal of strength, we should wait for a close above 9,200.
“At the moment the strong upward trend continues. The first support level is at 8,800 points,” says César Nuez, an expert at Bolsamanía and head of Trader Watch.
The euro it appreciates 0.28% and changes to 1.1963 dollars. The Petroleum it rises slightly, to $ 75.80 for Brent and $ 73.50 for West Texas, the highest since April 2019.
The gold and the silver they advance, up to 1,788 dollars the first and 26.30 dollars the second.
The bitcoin falls 5% to $ 32,900, and the ethereum another 8% is left, up to $ 1,848.
The yield of the American 10-year bond relaxes to 1.485% and the yield of the 10-year Spanish bond picks up to 0.448% ..