The Ibex 35 continues to rise and is close to 9,600 points

by time news

2023-08-30 09:22:45

He Ibex 35 has closed this Tuesday with an increase of 0.96% in its sixth consecutive day on the rise, which means matching the promotion streak at the end of June and beginning of July, to stand at 9,581.2 integers, close to the annual maximum of just a month ago, when it traded above of the 9,600 points.

The Spanish selective has decisively opted for promotions since the opening and, although it has lost some strength in the middle section of the negotiation, it has once again gained momentum together with its European counterparts motivated by the Wall Street indices, which registered advances of 0.6% for the Dow Jones, 1% for the S&P 500 and 1.62% for the Nasdaq technology.

Within the macroeconomic agenda for the day, the publication of the advance data for the CPI for August and the GfK index stood out, which shows that the confidence of German consumers has registered a further deterioration for September, in such a way that it seems to indicate that consumption it will not contribute to growth in the coming months and will be a drag on economic prospects.

In Spain, the National Statistics Institute (INE) has reported that retail trade registered an advance in sales of 7.7% in July in relation to the same month of 2022, rate eight tenths higher than that of the previous month.

In the United States, consumer confidence (Conference Board) worsened in Augustor after two months of rise, while the Federal Deposit Insurance Corporation (FDIC), after the financial and stock market turmoil last March that led to the disappearance of entities such as Silicon Valley Bank (SVB ), will force regional banks to issue debt in order to protect customers in the event of bankruptcy.

Thus, at logoff, lthe biggest climbs of the Ibex 35 they have been scored by Acciona Energía (+5.2%) after having informed the market that it will build a green hydrogen plant in Aruba; Solar Energy (+3.89%); Drive (+3.41%); Fluidra (+2.48%); Mélia Hotels (+2.42%) and Aena (+2.15%). Only Grifols (-1.7%), Banco Santander (-0.3%), Laboratorios Rovi (-0.1%) and Ferrovial (-0.07%) have concluded negatively.

The rest of European stock markets It has also reaped notable advances: Paris has added 0.67%; Frankfurt 0.88%; Milan 1.21% and London 1.72%.

On the other hand, the price of a barrel of Brent quality oila reference for Europe, rose 0.32% at closing time in the Old Continent, to 84.7 dollars, while Texas stood at 80.4 dollars, 0.35% more.

In the currency market, the price of the euro appreciated 0.31% at the same time against the dollar, up to 1.0852 ‘greenbacks’, while in the debt market the interest demanded on the Spanish bond at 10 years closed at 3.52% after subtracting five basis points, with the risk premium (the differential with the German bond) at 101.4 points.

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