July 24, 2021

The Ibex rises 0.4% and recovers the 9,200 points – The Province

The Ibex rises 0.4% and recovers the 9,200 points - The Province

The Ibex 35 has started the session this Tuesday with a0.4% rise, which has led the selective to be in the entire 9,236.4 at 9.01 am, in a scenario marked by uncertainty and pressures from Italy, where the risk premium is below 300 basis points.

In this way, the selective Madrid began the sessionrecovering the psychological level of the entire 9,200,with most of the values ​​rising, after yesterday closed the session a fall of 0.59%, behavior that led him to lose the threshold of 9,200 points for the first time since a month ago.

In the first bars of the session,ArcelorMittal led the increases, with an increase of 1.5%, followed by Repsol (+ 1.2%), Acerinox (+ 1.2%), Caixabank (+ 1.1%), Técnicas Reunidas (+ 0.8%), Santander (+ 0.8%), Bankinter (+ 0.7%), Bankia (+ 0.7%) and Sabadell (+ 0.6%), while on the opposite side were IAG (-0.2%), Inditex (-0.1%) ) and Viscofan (-0.1%), among others.

Investors have learned on Tuesday that the International Monetary Fund (IMF) has revised its global growth perspectives two tenths downward for this year and the next, when it expects the world economy will register aannual expansion of 3.7%, in line with the 2017 figure.

In the case of Spain, as the IMF announced last week, the rate of expansion of the economy in 2018 will be one tenth lower than anticipated last April, standing at 2.7%, while the institution has maintained the 2.2% growth forecast for 2019 unchanged.

Likewise,the market will be pending in Spain of the Public Treasury,which expects to capture between 4,000 and 5,000 million euros in a new issuance of letters at 6 and 12 months with which it expects to repeat the success of the last auctions and avoid the increase in concern in the markets due to the pulse between Italy and Brussels.

The rest of European stock exchanges opened in line with the selective Madrid, with increases of 0.1% for Franfort, Paris and London and 0.3% for Milan.

Likewise,the Spanish risk premium was 105 basis points,with the interest demanded to the ten-year bond at 1.6%.

On the other hand, the price of a barrel of Brent quality oil, reference for the Old Continent, continued at maximums with a price of 84.52 dollars, while Texas was placed at 74.83 dollars. By last,the price of the euro against the dollar stood at 1.1477 'greenbacks'.


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