July 26, 2021

The Ibex slows down the falls

The Spanish selective manages to close in green (+ 0.21%) and retains the 8,700 points

The Ibex 35 managed to close positively in a session marked by volatility. Despite closing above 8,740 points, it reached new annual lows at 8,541 points. The main markets began the week with a strong rebound after closing the worst week since 2008. The possibility of central banks acting and the confidence of investors to contain the spread of the virus slowed sales momentarily.

The market has a 70% chance that the Federal Reserve will lower interest rates this March. New stimulus measures are also expected in Japan and China, while Europe has less and less room to maneuver to stimulate the market. April will be a determining month, since the first quarter data will be known.

IAG led the falls again after announcing the cancellation of several of its main routes. The transport of passengers and merchandise are suffering a vertiginous fall, and there are still no forecasts of what it will entail in their accounts. The bank continues to suffer at the prospect of a greater economic slowdown. In addition, this environment facilitates new stimulus measures, which makes the improvement of benefits even more difficult.

Among the large values, Iberdrola has risen 3.92% and Repsol 0.84 percent, while Santander has fallen 2.16%, BBVA has yielded 1.12%, Telefónica 0.32% and Inditex 0.78%.

The European stock exchanges have had a mixed behavior and London has risen 1.3 percent and Paris 0.44%, while Milan has dropped 1.50% and Frankfurt 0.27%.


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