August 5, 2021

The IBEX chooses the rebound despite the forecasts of the IMF and increases by 0.30%

The IBEX chooses the rebound despite the forecasts of the IMF and increases by 0.30%

The main indicator of the Spanish Stock Exchange, the IBEX 35, opted for the rebound in the first minutes of the session and added 0.32% despite the disheartening global economic forecasts published today by the IMF at the start of its annual meeting with the World Bank.

At 09:15, the Spanish selective added 28.50 points and stood at 9.227 units, while the General Index of the Madrid Stock Exchange advanced 0.32%.

To the tensions that have arisen in recent weeks between Italy and the EU for the control of the deficit have been added today the forecasts of the IMF, which maintains that the global economy will grow less than expected, 3.7% in 2018 and 2019, before the finding that the escalation of commercial tensions unleashed by US President Donald Trump and answered by China has no sign of stopping.

In addition, Italy will maintain its low growth rate, with an estimate of 1.2% for 2018 and 1% for 2019, pending the clarification of the political agenda of the new Government.

Well-known the forecasts of the IMF, in the agenda of the day emphasizes the publication on the part of the office of German statistics of the data of international trade corresponding to August, and in Spain the auction of letters in the short term that celebrates today the Public Treasure.

But the IBEX, like the rest of European stock exchanges, opted for profits, which in Paris were 021% and in Milan, 0.44%.

Within the IBEX stood out the rebounds of ArcelorMittal (1.92%), Repsol (1.40%) and Bankinter, (1.38%), to which today the rating agency Moody's has improved the outlook, from stable to positive .

At the other end of the table, IAG and Cellnex were left approximately half a point each; It also suffered Inditex losses (0.12%), while other large securities were traded with profits, of 0.91% for Santander, of 0.29% for BBVA, of 0.21% for Telefónica, and of 0, 09% for Iberdrola.

In the foreign exchange market, the euro rose to $ 1,1493, compared to $ 1.1472 which was changed yesterday; in the case of raw materials, the barrel of Brent crude for delivery in December opened higher in the futures market in London and was trading at 84.38 dollars, 0.66% more than at the close of the previous day. EFECOM


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