Friday, December 3

Inflation freezes the IBEX


Transition session on the Spanish stock market, marked by the public holiday in Madrid and the publication this Wednesday of the inflation data for October in the United States.

Precisely, waiting to know this figure, which may give clues about the direction of interest rates from the Federal Reserve, has led investors not to commit too much to their movements.

“Markets have risen fast and strong, there has been a vigorous rally, but the catalyst provided by the third-quarter earnings season is coming to an end,” he said Emmanuel Cau, of Barclays.

Minimum advance for the IBEX 35

In this scenario, the IBEX 35 managed to close the session with a minimum advance of 0.05 percent, to 9,074.90 points. Amadeus shone, that a rise of almost 3 percent, maintains its impeccable upward trend.

Too Telefónica, which rose 1.54 percent, in the first breath that the value takes after the cold reception of its quarterly results.

InditexLikewise, it was another of the titles on which the indicator relied, since it managed to close the session with an advance of 1.33 percent.

IAG fell 1.88 percent, despite the recommendation to buy from Bankinter experts, who consider that the “worst is over” for the airline.

Cutouts also for Banco Santander, Bankinter and BBVA, between 1.54 percent of the first and 0.80 percent of the third.

Good data from the German ZEW index

During the morning, investors received with optimism the figures of the Zew index of investor confidence in Germany – which beat analysts’ forecasts and showed expectations that price increases would slow down – and several earnings reports published in the morning in Europe, which continue to generate good feelings in the market.

At the beginning of the afternoon, the data of prices to the producer of the USA, which served as an advance on Wednesday’s CPI, the main reference of the week.

The producer price index showed a monthly rise of 0.6% in October, after 0.5% in September, reigniting fears that supply chain problems and labor shortages will drive prices up and force a premature tightening of the cost of loans.



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