Friday, February 23

The Ibex 35 returns to 8,700 points thanks to cyclical values

All this in a scenario conditioned by the meetings of the Bank of England this Wednesday, in which a rise of 25 basis points is expected, and the European Central Bank (ECB) this Thursday.

Growth in factory activity in the euro zone picked up its pace in January, when the Purchasing Managers Index (PMI) reached 58.7 points, compared to 58 at the end of 2021, which represents the best data of the last five months.

In Spain, the activity of the manufacturing sector in January maintained the solid rate of growth registered the previous month, which allows Spanish factories to accumulate twelve consecutive months of expansion, according to the PMI index, despite high inflation and problems of supply.

This Tuesday it was also known that the unemployment rate in the eurozone stood at 7% last December, one tenth less than the previous month and 1.2 percentage points below the same month in 2020, which represents the lowest level of unemployment in the euro region in the entire historical series, which dates back to April 1998.

The rest of the European stock markets have also ended the day with gains; specific, London has advanced 0.96%, Paris, 1.43%, Frankfurt, 0.96% and Milan, 1.53%.

In this scenario, the IBEX 35 closed at 8,726.7 points, with most of its values ​​positive. The greatest advances have been registered by Banco Sabadell (+5.99%), ArcelorMittal (+5.51%), Amadeus (+3.30%), Acerinox (+2.93%), Meliá Hotels (+2.72 %), Bankinter (+2.58%) and Ferrovial (+2.36%).

On the contrary, only Acciona (-2.98%), Siemens-Gamesa (-2.96%), Solaria (-1.04%), Telefónica (-0.74%), Real Estate Colonial (-0.45%), REE (-0.36%), Endesa (-0.25%), Almirall (-0.09%) and Naturgy (Gas Natural) (-0.07%).

In the Continuous Market, Squirrel has recorded an increase of 7.14% and has led the advances in the Spanish stock market. ISE has scored a rise of 5.20% and Aperam 4.31%. Naturhouse has left 2.35%, Nyesa 2.17% and Pescanova 1.94%.

On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 89.43 dollars, after advancing 0.19%, while Texas stood at 88.27 dollars, after increase by 0.15%.

Finally, the Spanish risk premium stood at 73 basis points, with the interest required on the ten-year bond at 0.773%.