2023-08-22 18:36:33
The Ibex 35 recovers the level of 9,300 points that it lost on Friday after rising 0.55% yesterday. The calm in the Asian stock markets boosted the session in the European ones: Frankfurt rose 0.66% at the close; Milan, 0.64%; Paris, 0.59%; and London, 0.18%.
Although this Tuesday there were no major references for the markets, the negative element was the confirmation by the Bundesbank in its monthly bulletin that Germany is going through a “phase of weakness”.
Regarding the securities listed on the Spanish Stock Exchange, the main increases corresponded to Colonial (+2.82%), ArcelorMittal (+2.82%), Rovi (+2.19%), Acciona Energía (+1.91 %), Merlin Properties (+1.55%) and ACS (+1.37%). Very few stocks closed with losses: Repsol (-0.64%), Grifols (-0.41%), Indra (-0.38%), Sabadell (-0.32%), Bankinter (-0.20% ) and Meliá (-0.08%).
On the other hand, the S&P Global agency has revised downward the solvency ratings of five regional banks in the United States and has worsened the rating outlook of two other entities to reflect the adverse impact on their profitability of higher financing costs such as consequence of increases in interest rates. A couple of weeks ago, another rating agency, Moody’s, also downgraded the debt solvency grade of a dozen small and medium-sized US banks and placed six other banks on review with a view to a possible rating cut. larger. The reason for these cuts was also the forecast that banks will have lower returns due to increased costs after rate hikes.
This Friday, the markets will be awaiting the words of the president of the European Central Bank (ECB), Christine Lagarde, and the president of the FED, Jerome Powell, who will participate in the annual meeting of central banks in Jackson Pole (United States). ) and that they can anticipate upcoming decisions on interest rates.
On the other hand, the price of a barrel of Brent quality oil, a reference for Europe, fell 0.43%, to 84.10 dollars, while Texas stood at 80.49 dollars, 0.24% less. . The value of the euro against the dollar rose to 1.0847 ‘green bills’, while the Spanish risk premium is at 103 basis points.
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