It closes on Friday with a rise of 0.93%, but does not reach the level of 8,500 points
MADRID, 20 May. (EUROPA PRESS) –
The Ibex 35 has closed with a rise of 1.75% in the week, despite the volatility that continues to be experienced in the stock markets due to doubts about economic growth, although it has not managed to finish above the the 8,500 integers that it has come to register at certain times of the session this Friday, in which it has rebounded 0.93%.
The XTB analyst, Manuel Pinto, indicates that, if in past weeks it was technology companies and cryptocurrencies that explained a large part of the falls, this week they have been the presentation of results from large US retailers such as Target or Walmart and the concern by a reduction in purchasing power in the face of high inflation, which have generated a “stock market tsunami”, mainly in the United States.
Specifically, on Wednesday the largest daily drop was recorded in the main US selective since 2020. “Because of this, the S
For its part, Europe has closed with a “mixed sign”, since Italy has ended the week slightly positive, while Germany, the United Kingdom, or France have done so in negative.
The Ibex 35 has finished the week above its competitors thanks, above all, to the advance it registered this Friday of 0.93%, after the new confinement relaxation measures in China, as well as the announcement by the People’s Bank of China of a record reduction of 15 basis points in the reference interest rate for bank loans over five years.
Pinto highlights macroeconomic data for the week such as the rise in the CPI in Japan and, especially, in the United Kingdom, which rose to 9% in April, the highest figure recorded since 1997. In the United States, a “better than expected” figure was published “As for retail sales in April, although the weekly jobless claims record was worse than investors expected.
By companies of the Ibex 35, the XTB analyst highlights the progress of Siemens Gamesa, which soared on the stock market after rumors of a possible takeover bid for its parent company, Siemens Energy. This rise has “pushed” the rest of the listed renewable companies, such as Solaria, Grenergy and Acciona Energía, during the week.
With regard to raw materials, the expert highlights the “great advances” in the price of gas, which has exceeded eight dollars, while gold and silver have traded in positive territory “to the sound of inflation data and global uncertainty. Oil, on the other hand, has fallen slightly due to the economic slowdown.
In the coming week, at the macroeconomic level, new data on business expectations and confidence in Germany will be published on Monday. Manufacturing and services PMI data for the world’s major countries will also be released, which should reflect a more negative outlook overall than in previous months. In the middle of the week the GDP data will be published in Germany, while on Thursday it will be the turn of the United States, among others.
In addition, investors will be awaiting the appearance of the president of the Bundesbank, who could review the current state of the economy, and the president of the Bank of England.
As for the evolution of the Ibex 35 this Friday, finally the selective has moderated its advance to 0.93%, insufficient to consolidate the 8,500 integers conquered at specific moments of the session -a level that it has not managed to close since the 4th of May– thanks to the announcement of new monetary stimuli in China.
Specifically, the selective closed at 8,484.5 integers, with Rovi at the head of the revaluations, advancing 4.08%, followed by Iberdrola (3.11%), IAG (2.21%), Cellnex ( 2.20%), Almirall (1.73%), Aena (1.46%) and Fluidra (1.24%).
On the other hand, Solaria (-3.70%), Acerinox (-0.70%), Bankinter (-0.68%), Banco Sabadell (-0.57%), BBVA (-0.57%) finished ‘in the red’. -0.40%), Repsol (-0.21%), CaixaBank (-0.16%), Grifols (-0.15%) and Mapfre (-0.11%).
The rest of the European stock markets ended the session with increases of 1.19% in London, 0.20% in Paris, 0.72% in Frankfurt and 0.12% in Milan.
The price of a barrel of Brent crude oil, a reference for Europe, stood at 112.65 dollars, with an increase of 0.54%, while the barrel of WTI oil, a reference for the US, fell 0.46%, down to $112.73.
Finally, the price of the euro against the dollar stood at 1.0555 ‘greenbacks’, while the Spanish risk premium stood at 110 basis points, with the interest required on the ten-year bond at 2.072%.
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