Thursday, March 28

Stock market for Monday, January 24


Telefónica, given its weight in the Ibex, has been one of the stars of the day, exceeding 4 euros per share, with an increase of 0.46% -although in the middle of the session they reached 3.5%- to against the current of an Ibex 35. The new round of purchases of shares by Criteria Caixa and the possibility that two of its rivals combine their businesses in Italy encouraged the acquisitions. Siemens Gamesa was the other company that, together with Telefónica, registered a positive day, with an increase of 1.78%.

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All this on a day in which the Spanish stock market collapsed due to war tensions from Eastern Europe. The Ibex dropped 3.18%, in its worst session since the outbreak of the omicron variant at the end of November. European stock markets ended the session with sharp falls, at the start of a week that requires investors to pay special attention to geostrategic news.

The rise in interest rates in the US adds new elements to cement doubts. Investment in fixed income gains weight in these circumstances. The Ibex’s losses for the year as a whole increased to 3.4% yesterday. The cocktail of a possible rate hike and a war in Ukraine cools growth expectations and the main values ​​affected yesterday were the industrial ones linked to the economic cycle such as ArcelorMittal and Acerinox, which plummeted 6.65% and 7.40% , respectively. Grifols (-7.52%), IAG (-7.08%) and Amadeus (-4.01%) also fell.



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