2023-09-15 20:08:04
Telefónica shares closed the week with a value of 3.93 euros and accumulated a revaluation of 4.8% since the purchase of 9.9% of the operator by Saudi Telecom for 2.1 billion euros was announced on September 5. In this same period, the Ibex has increased its value by 1.6% and ends this week at 9,549, on its way to 9,600 points. The operator’s shares have not exceeded four euros per unit since the end of April, when they were sold at 4.11 euros.
In this Friday’s session, Telefónica shares have risen 0.2%, while the Ibex has closed practically in a draw this Friday, rising 0.01%, weighed down by the falls on Wall Street despite having traded in the green for most of it. of the session after the close of the day before, when it gained 1.33% encouraged by the European Central Bank (ECB). The main European stock markets have closed the last session of the week with increases; Paris has risen 0.96%; Frankfurt, 0.56%; London, 0.5% and Milan, 0.08%.
The stock market has started with increases and thus extended Thursday’s gains after learning of the ECB’s decision and encouraged by China’s economic indicators, prior to the opening and which were better than expected. Analysts consider that the ECB’s resolution on Thursday is positive for the equity markets, above all, due to the soft message sent, which anticipates that rates may have peaked, although it is foreseeable that they will remain high for a long time to come. control inflation.
Before the opening of the stock market, some indicators from China have been published that have beaten analysts’ forecasts; Industrial production accelerated in August and retail sales were also better than expected. José Lizán, manager of Magnum Sicav at Quadriga Funds, considers that for the first time in A few months ago, “positive” data was released about China and it was a catalyst for the Asian stock markets to close positively and drag the European stock markets down in the opening.which have started the session with increases, as stated in statements to the EFE agency.
Volatility in the markets
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This Friday, there was extra volatility in the markets because the quadruple witching hour occurred, an expiration of options and futures that can increase movements. On the other side of the Atlantic, Wall Street opened in the red and the Dow Jones Industrial Average, its main indicator, fell 0.11%, breaking the pace of increases seen on Thursday. In the United States, production data for August was published, which surprised the market by slowing down, but less than expected.
Bankinter experts point out that these are “strong data, better than expected, which point to an American economy that continues to avoid a slowdown.” Investors are watching these indicators because they can offer clues to the path the Federal Reserve (Fed) may take. which meets next week and will announce its decision on interest rates next Thursday the 20th.
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