Sunday, February 5

The bag of this January 18, 2022

The Ibex 35 It ended this Tuesday with a cut of 0.65% to 8,781.60 points. The operators attributed the weakness of the selective index to the influence of Wall Street, the evolution of the oil market and the debt. The fact that crude oil prices are once again pointing to increases is a serious indicator to follow, since they are at their highest in seven years and inflation is not in a position to receive stimuli. The loss of the psychological level of 8,800 points may be relevant if the week is headed more for losses than for the stability desired by the analyst consensus.

CaixaBank was once again the most bullish value of the Ibex so far this year despite closing with a cut of 2.78%. The second best value in 2022 is Sabadell, which closed with a rise of 0.03%. The correction has also reached other sectors with a good start to the year, such as the steel companies ArcelorMittal (-3.53%) and Acerinox (-2.61%) and stocks in the tourism sector, such as MeliĆ” (-1.04%) , Amadeus (-1.69%) and IAG (-0.86%).

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The rest of the European stock markets have been infected by the doubts of Wall Street in their return to activity. The pressures derived from oil and the interest on the debt have conditioned the day. The German Dax has lost 1.01%; the French Cac, 0.94%; the Italian Mib, 0.74% and the British Ftse, 0.63%.

Oil companies such as BP (+0.5%) and Shell (+1.6%) have consolidated their rise taking advantage of the pull of the commodities market, while technology companies such as ASML (-2.3%) and Infineon (-2.8 %) have felt renewed pressure from debt. Earnings season includes accounts such as those published by Hugo Boss. The German firm has received the presentation of its business figures with increases of 1.1%. On the Milan Stock Exchange, Telecom Italia’s shares fell 3.2%, after reports that the company could wait until March to respond to KKR’s takeover offer.