June 21, 2021

IBEX 35 rises 1.16% in the middle session

The Spanish stock market increases profits and at noon the 1.16%, above 9,200 points, driven by banking and a possible trade agreement between the US and China, despite the pessimism shown in this regard by US President Donald Trump.

At 12.00 the main indicator of the Spanish Stock Exchange, the IBEX 35, adds 105 points, that 1.16%, to 9,240.70 points, which in the accumulated of the year earns 8.21%.

With today's progress, the Spanish Stock Exchange tries to end a streak of four consecutive loss sessions.

In the same way, in Europe, the main markets, which have started the day with timid advances, also increase profits at noon: Paris rises 1.25%; Milan, 1.08%; Frankfurt, 1.07%, and London, lagged, 0.29%.

With these gains, the main markets ignore the losses recorded in the previous session on Wall Street, where investors were affected by the new tariffs announced by Trump, and his statements regarding China, in which he left the door open to That the commercial agreement is not signed until November 2020.

Despite all this, European markets are encouraged today after the publication of positive macroeconomic data in China and Europe such as the PMI, and information that does venture that the US and China are close to reaching a first trade agreement.

Within IBEX 35, all the great values ​​have positive results: Santander earns 1.94%; Repsol, 1.93%; BBVA, 1.23%; Telefónica, 1.18%; Iberdrola, 0.81%, and Inditex, 0.54%.

Ence, Ferrovial and ArcelorMittal are the most bullish, with gains of 3.52%; 2.72%; and 2.32%, respectively.

Bankia and Sabadell also advance 2%; CaixaBank, 1.96%, and Bankinter, 1.50%.

On the loss side, only MasMóvil is listed, which yields 0.71%, and Naturgy, 0.17%.

Deoleo becomes at noon the lowest bearish value of the entire Spanish market when 11.24% plummets, while Berkeley rises 8.09%, and Liberbank, 6.02%.


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