MADRID, 26 Abr. (EUROPA PRESS) –
The Ibex 35 was trading in the mid-session with a rise of 1%, which took it to 11,093.7 integers, after knowing yesterday the US GDP data, which led to cuts in the main world indices.
Specifically, the US GDP registered an expansion of 0.4% in the first quarter of the year, half of the 0.8% growth in the fourth quarter of 2023. In annualized figures, the US economy advanced 1.6% compared to 3.4% in the previous three months, compared to market expectations, which expected growth of around 2.5%.
Renta 4 analysts point out that these data show a “slowdown” of the US economy, while maintaining an acceleration in prices, which has led the market to reduce its expectations of rate cuts from the Federal Reserve (Fed) of USA, going from two to one in 2024.
Continuing with central banks, the Policy Council of the Bank of Japan has unanimously decided this Friday to maintain the short-term reference rate in a range of 0% to 0.1%, without changes with respect to its previous meeting and delaying for the moment the expected tightening of the Japanese country’s monetary policy.
In Spain, at the start of the session, the Active Population Survey (EPA) for the first quarter of the year was released, a period in which unemployment rose by 117,000 people, which is 4.1% more than in the previous quarter. , while employment fell by 139,700 jobs (-0.6%), registering in both cases their worst records in a first quarter since 2020, with the arrival of Covid.
Also before the start of the trading day, Prosegur Cash informed the National Securities Market Commission (CNMV) that it obtained a consolidated net profit of 17.7 million euros in the first quarter of this year, which represents an increase 25.3% compared to the profits of 14.1 million registered in the same period of 2023.
Cepsa, on the other hand, obtained an adjusted net profit, which specifically measures business performance, of 226 million euros in the first quarter of the year, which represents an increase of 28% compared to the 176 million euros of the previous quarter. same period in 2023, driven by solid refining margins and higher production, the company reported.
Adolfo Domínguez, for his part, registered a net profit of 730,000 euros during his 2023-2024 fiscal year (between March 2023 and February 2024), which means multiplying by more than four (365.1%) the profits of 157,000 euros registered a year earlier.
Faes Farma also reported early that it registered a net profit of 30.4 million euros in the first quarter of this year, which represents an increase of 10% compared to the same period in 2023.
In the Ibex 35, the biggest increases in the middle section of the session were those of Acciona (4.10%), Sabadell (3.91%), Acciona Energía (3.20%), Grifols (2.99%). and Banco Santander (2.65%). In ‘red’ were Repsol (-1.27%), Rovi (-0.77%), Cellnex (-0.55%), Mapfre (-0.26%) and Redeia (-0.26% ).
The main European stock markets were also trading with a positive sign, with increases of 0.92% in Milan, 0.74% in Frankfurt, 0.48% in London and 0.30% in Paris.
In the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.37%, to $89.34, while that of Texas stood at $83.94. , 0.44% more.
In the foreign exchange market, the price of the euro against the dollar advanced to 1.0734 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond fell to 3.389% with the premium of risk at 80 basis points.
