Tuesday, February 20

The Ibex 35 yields 0.08% due to falls in banks

The IBEX 35 index of the Madrid Stock Exchange ended Wednesday’s session in negative, with a fall of 0.08%, which is why it has not managed to retain the level of 8,800 points that it achieved in the middle of the session.

The European stock markets have ended this Wednesday with a mixed sign, since the French CAC 40 has scored a rise of 0.55%, the London FTSE 100 0.35%, the EURO STOXX 50 0.25% and the Dax 0.24%. The FTSE Mib fell 0.41% and the Ibex 35 0.08%.

The most bullish values ​​of the Ibex 35 have been this Wednesday Inditex that has scored a rise of 2.66%, Fluidra 2.02%, Almirall 1.77%, ArcelorMittal 1.51% and PharmaMar 1.33 %. The rise of Inditex has come after Goldman Sachs has raised its recommendation on the Galician company to ‘buy’ and has set its target price at 37.5 euros per share compared to the previous 34 euros.

On the contrary, in ‘red’ the decreases of Banco Sabadell (-5.06%), ACS (-3.63%), IAG (Iberia) (-2.82%), Caixabank (-1.84 %), Bankinter (-1.76%), Enagás (-1.58%) and BBVA (-1.54%).

At the macroeconomic level, this Wednesday it was known that the year-on-year inflation rate in the United Kingdom stood at 5.4% last December, compared to 5.1% registered in November, which represents the highest rise in prices since March 1992.

Likewise, the Harmonized Business Confidence Indicator (ICEA), whose publication corresponds to the National Institute of Statistics (INE), fell 2.5% in the first quarter of the year in relation to the previous quarter, thus registering its first decrease since the second quarter of 2020, when it sank 26.9%.

On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, continued to record highs and stood at a price of 88.77 dollars, after rising 1.45%, while Texas stood at 87.22 dollars, after advancing 2.11%.

By last, the price of the euro against the dollar stood at 1.1350 ‘greenbacks’, while the Spanish risk premium stood at 69 basis points, with the interest required on the ten-year bond at 0.679%.