The Ibex-35 closed the week with a gain of 1.75% despite volatility in stock markets due to doubts over economic growth. However, it has not been able to surpass the 8,500 point mark it registered at specific moments this Friday. In which case it has recovered 0.93%.
Europe closed the week with mixed signs. It has seen Italy close the week in a slightly positive sign while Germany, France, and the United Kingdom have closed the week in a negative.
The Ibex 35 finished the week ahead of its competitors due to the advance of 0.93% it registered this Friday after new confinement relaxation measures were implemented in China. Also, the People’s Bank of China announced a record 15 basis point reduction in the reference interest rates for bank loans over the past five years.
The selective has now slowed down to 0.93% on Friday. However, it was not enough to consolidate the 8,500 integers that were conquered at certain moments during the session. This level has not been possible to close since May 4, when China announced the new monetary stimulus.
The selective ended at 8,484.5 integers. Rovi was at the top of the revaluations with a gain of 4.08%. Almirall (1.73%), Fluidra (1.24%) and Iberdrola (3.1%), Cellnex (2.21%) were next.
Solaria (-3.7%), Acerinox (+0.70%), Bankinter (0.688%), Banco Sabadell (0.577%), BBVA (0.577%) were the only ones that finished ‘in red’. -0.40%, Repsol (–0.21%), CaixaBank -0.16%), Grifols -0.15% and Mapfre -0.11%
The European stock markets ended their session with gains of 1.19%, 0.20%, Paris, Frankfurt, and 0.12% respectively.
Brent crude oil was priced at 112.65 dollars. This is an increase of 0.5%. WTI oil was down 0.4% to $112.73.
The euro was priced at 1.0555 ‘greenbacks’ against the dollar. The Spanish risk premium was 110 basis points. The interest rate on the 10-year bond was 2.072%.
