2024-01-31 16:45:11
What does the Ibex 35 do?
The Ibex 35 has softened its gains in the final stretch of the day (0.38%) and has not managed to sustain 10,100 points, in a day marked by the Santander accounts and the monetary policy decisions of the Federal Reserve (Fed) of the USA, which will be known after the closure of the European market.
What values rise or fall the most?
The most bullish:
Banco Santander: 2.08%. The bank’s shares lead the rises of the Ibex after reporting a record profit in 2023 of 11,076 million euros, 15% more.
Cellnex: 1,97%
Acciona Energy: 1.86%
Acciona: 1.61%
The most bearish are:
Grifols: -2.92%
Acerinox: -1,41%
IAG: -1,17%
What do the rest of the stock markets do?
The European stock markets are trading with a mixed sign.
In Asia, the Nikkei gained 0.61% on corporate earnings and closed its best January in 26 years. The Shanghai Stock Exchange fell 1.48% and the Shenzhen Stock Exchange fell 1.95%. The Hang Seng lost 1.39%, weighed down by trade and industry. The Seoul Stock Exchange ended almost flat, weighed down by chip manufacturers. On Wall Street, the Dow Jones closed yesterday with a rise of 0.35%.
Keys of the day
- The focus is on the first meeting of the Federal Reserve in 2024. The central bank faces a key meeting as investors will be attentive to possible clues about the timing and speed of interest rate cuts for this year that it may announce. its president, Jerome Powell.
- Banco Santander has announced record profits, 11,076 million euros in 2023, 15.3% more, exceeding the figure of 10,000 million profits in a year for the first time.
- In Spain, the INE has published that the prices of industrial exports fell by 1.2% in December and those of imports fell by 5.2%. For its part, retail sales closed 2023 with an average increase of 6.1% compared to a year before, which represents the largest increase since the beginning of the series.
- In the euro zone it has been known that the number of employed people residing in Germany rose last December by 203,000 or 0.4% year-on-year, to around 46.0 million, according to provisional data published today by the Federal Office of Statistics (Destatis). It has also been published that year-on-year inflation in Germany stood at 2.9% year-on-year in January, the lowest rate since June 2021, when it was 2.4%. For its part, year-on-year inflation in France stood at 3.1% in January, six tenths less than in December, due to the moderation in the prices of energy, food and manufactured products.
- The United States generated 107,000 private jobs in January, compared to 158,000 the previous month and below the 145,000 expected by consensus.
What do the analysts say?
Franck Dixmier, Global CIO of Fixed Income at Allianz Global Investors, believes that it is still early for the Fed to begin making a change in its monetary policy and we do not expect any interest rate cut announcement at its next meeting. Given the strength of the US economy, “we do not expect the Fed to establish a definitive schedule for its first rate cut, which we do not expect until the second half of the year.”
Juan José del Valle, head of analysis at Activotrade AV, points out that the companies that have driven the market the most during the last year have been those related to chip or semiconductor manufacturers. While the S&P500 and Nasdaq 100 have risen about 25% and 54% respectively last year, “the semiconductor or chip manufacturers (SOX) sector was up about 65%. And, in the short term, that movement does not seem to want to exhaust itself”
What is the evolution of debt, currencies and raw materials?
A barrel of Brent oil stands at $82.15.
The 10-year bond is trading at $3,139.
The euro stands at 1.0818 dollars
Quotes
STOCK EXCHANGE – CURRENCIES – DEBT – INTEREST RATES – RAW MATERIALS
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