2023-07-31 18:35:06
The European stock markets faced a session marked by an intense macro agenda this Monday, which has left GDP and CPI data that have confirmed the end of the stagnation in the region.
Despite the good evolution of the figures, with economic growth of 0.3% in the euro zone in the second quarter, the main stock markets of the Old Continent closed without major changes, with the Ibex-35 falling behind again with a cut from 0.45% to 9,641 points.
With this cut, the selective rose 0.5% in a month of July in which, in addition to experiencing the resistance of the economy and the moderation of inflation, investors have also experienced an avalanche of business results that have been better than the expected. Central banks have also been the protagonists with new rate hikes that, at the same time, have been accompanied by a softer tone, suggesting that the European Central Bank (ECB) could pause the bullish cycle at its next meeting in September.
So it can be concluded that July -despite the background electoral noise- has been a positive month for those who bet on risk, taking into account that investors also had just experienced the best semester of the last decade.
On Monday, the increases in tourist values stood out, with increases of more than 3% for IAG or 2.3% for Meliá.
Meanwhile, in the raw materials market, a barrel of Brent appreciated 0.52%, up to 85.43 dollars, while West Texas Intermediate stood at 81.21 dollars, 0.78% more. .
In the debt market, the yield on the Spanish bond with a maturity of 10 years was 3.543%, which represents a slight increase compared to 3.515% on Friday. Thus, the risk premium against German bonds fell by seven tenths, to 101.6 basis points.
On its side, the euro has appreciated by 0.18% against the dollar, reaching a market exchange rate of 1.1036 dollars for each euro.
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