April 10, 2021

The Ibex opens flat and clings to 8,900 points – The Province

The Ibex opens flat and clings to 8,900 points - The Province


TheIBEX 35has started the session this Friday withflat behavior (-0.06%),what has led the selective to be in the8.947 integers at 9.01 am,waiting for the appearance of the President of the Government,Pedro Sánchez, in whichwill announce the date of the advance of the general elections, with the scenario of April 28 as the most likely scenario.

The president's decision will be made public in an institutional statement that Sanchez himself will make at 10 a.m. from La Moncloa, one hour after he meets the Council of Ministers, which must be heard before the chief executive proposes the dissolution of the Cortes, according to article 115 of the Constitution.

In this stage,the selective madrileño initiated the session clung to the psychological level of the 8,900 integers, in a day in which the data of the CPI of China has also been known and that is still marked by the uncertainty surrounding the commercial dispute between the United States and China, which seek to reach an understanding but the market is still waiting for the progress.

In the early stages of the session, the biggest decreases were for ArcelorMittal (-1.2%), Sabadell (-0.6%), Acerinox (-0.5%), Cie Automotive (-0.4%) and Bankia (-0.2%), while on the opposite side were Mediaset (+ 0.3%), Amadeus (+ 0.3%), Iberdrola (+ 0.3%) and Siemens Gamesa (+0, 3%).

The rest of European stock markets opened with falls of 0.4% in the case of Frankfurt and flat behavior for Paris and London.

On the other hand, the price of a barrel of Brent quality oil, reference for the Old Continent, was at a price of 64.78 dollars, while Texas was placed at 54.54 dollars.

Finally, the price of the euro against the dollar stood at 1,1274 'greenbacks', while the Spanish risk premium stood at 115 basis points, with the interest charged on the 10-year bond at 1.2% .

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