The Ibex-35 drops to the level of 8,300 points
The Ibex 35 lost 3.05% in the week, falling to the 8,300 integer level in days marked by fears of an economic recession.
In this context, the Spanish selectively deviates from the annual highs, trading close to the 8,250-point support. Robles points out that in the cumulative index for the year, the Ibex 35 continues to outperform the rest of the global indices, although already losing about 4%.
The week was marked by the meeting of the Federal Reserve (Fed) of the United States, which announced a 50 basis point increase and the beginning of the balance reduction, which will be progressive to 95,000 in September.
Initially, these decisions led to hefty gains in stock markets, as Powell pushed the possibility of a 75 basis point hike.
In the coming week, investors will continue to monitor the evolution of the war in Ukraine, infections in China and inflation. Among the key releases are the confirmed April CPI data, investor confidence in Germany and GDP in the United Kingdom. In addition, the president of the European Central Bank (ECB), Christine Lagarde, will appear next Wednesday.
Among the companies publishing their accounts, Almirall, Meliá, Endesa, Rovi, Acerinox, Telefónica, Acciona, ACS, Merlin Properties and Solaria stand out.
The Ibex 35 has lost 1.34% in this Friday’s session compared to yesterday’s session, closing at 8,322.0 integers.
IAG today announced a loss after tax and exceptional items of EUR 787 million in the first quarter of this year, representing a decrease of 26.7% compared to the same period of the previous year, in a context characterized by the crisis Covid-19 health . For its part, Amadeus earned 81.3 million in the first quarter, compared to losses in 2021.
The airline led the declines, falling 8.57%, followed by Cellnex (-4.04%), Inditex (-3.02%), Almirall (-3.02%), Ferrovial (-2.67%) , Merlin (-2.67%), Bankinter (-2.64%) and Aena (-2.56%).
Positive are only Grifols (+9.43%), Repsol (+3.02%), Acerinox (+2.69%), CIE Automotive (+2.07%), Meliá (+0.44%) and Amadeus (+0.23%).
The rest of the European stock markets also closed with declines, 1.54% in London, 1.73% in Paris, 1.64% in Frankfurt and 1.20% in Milan.
The price of a barrel of Brent crude, a benchmark for Europe, was $113.41, up 2.25%, while the barrel of WTI, a benchmark for the US, rose 2.56% to $111.07.
Finally, the price of the euro against the dollar was 1.0575 ‘greenbacks’, while the Spanish risk premium was 109 basis points and the required yield on the 10-year bond was 2.229%.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
