Thursday, February 2

The Ibex is left 0.98% in the week after the volatility by the Fed and Ukraine


The week has been marked by the Ukraine crisis, the rise in crude oil and the warning from the United States Federal Reserve (Fed) that it will “soon” raise rates, which suggests that the first movement will be announced at next month’s meeting of March.

Regarding macroeconomic references, it has been known that the progressive recovery of activity after the restrictions due to the pandemic led the Spanish economy to register in 2021 a GDP growth of 5%, its biggest annual advance since 2000, after recording a quarterly rise of 2% in the last quarter of the year, six tenths less than in the previous quarter.

Thus, the Spanish economy returned to positive annual rates in 2021 after the outbreak of the coronavirus caused a historic drop in GDP of 10.8% in 2020.

On its side, Germany registered a contraction of 0.7% of its GDP in the fourth quarter of 2021 compared to the previous three months, when it had grown by 1.7%, as a consequence of the containment measures implemented to stop the spread of the omicron variant of Covid-19.

The European stock markets have also ended this Friday with notable declines with the German Dax down 1.32%, the FTSE Mib down 1.18%, the London FTSE 100 down 1.17%, the Euro Stoxx 50 down 1.15%, the Ibex 35 down 1.10% and French Cac 40 0.82%.

CaixaBank, which has presented an attributable profit of 5,226 million euros in 2021, after incorporating the extraordinary impacts associated with the merger with Bankia, fell 1.71% on the stock market in the middle of the session.

This Friday the values ​​that have risen the most have been Banco Sabadell with a rise of 1.85%, Meliá Hotels 1.26%, Almirall 0.79%, Telefónica 0.39% and Caixabank 0.38%.

For their part, the values ​​that have fallen the most have been ArcelorMittal with 5.58%, Fluidra with 3.47%, Acerinox with 3.37%, IAG (Iberia) with 2.63% and CIE Automotive with 2.54 %.

Among the values ​​that weight the most in the Spanish selective, Cellnex has left 1.79%, Banco Santander 1.72%, Inditex 1.10%, Iberdrola 0.74%, BBVA 0.69% and Repsol 0.50%

In the Continuous Market, Squirrel Media has recorded an increase of 4.79%, Montebalito 3.47% and Nextil (Dogi) 3.04%. Coca-Cola European Partners has left 4.62%, CEVASA 4.41% and Laboratorios Reig Jofre 3.69%.

On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 89.16 dollars after advancing 0.67%, while West Texas stood at 87.54 dollars after gaining 0.57%.

Finally, the price of the euro against the dollar stood at 1.1147 ‘greenbacks’, while the Spanish risk premium stood at 73.80 basis points, with the interest required on the ten-year bond at 0, 69%.

Next week will be conditioned by the meetings of the Bank of England, in which a rise of 25 basic points is expected, and the European Central Bank (ECB), which could reiterate its idea of ​​not raising rates throughout the year.

In addition, there will be new macroeconomic data, such as the PMI for China, or the CPI for the eurozone, and companies such as Google, Facebook and Amazon, and in Spain Banco Santander, BBVA, Naturgy and Siemens Gamesa will present their accounts.



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