MADRID, 1 Dic. (EUROPA PRESS) –
The Ibex 35 registered a rise of 0.6% at midday this Friday, reaching 10,118.5 points, the highest since 2018, after data from the manufacturing sector in China and the eurozone were released this day, while this Those from the United States will be known later.
The Spanish selective thus continues its strong upward trend after having yesterday closed the best monthly advance (11.54%) in three years, while so far in 2023 it has accumulated a revaluation of almost 23%.
The Spanish market has started the session on the rise, like the rest of the European indices, encouraged by China’s manufacturing PMI index (Caixin), which rose more than expected in November, rising by 1.3 points to levels of 50 ,7.
In the area of the eurozone, it was published this morning that the deterioration of the manufacturing sector (PMI) has expanded to 17 consecutive months, although at a less intense pace than in the previous month, since it has stood at 44, 2 points compared to 43.1 in October.
For its part, the activity of Spain’s manufacturing sector has continued to deteriorate in the month of November, extending the sequence of decline to eight consecutive months, although at a rate also lower than that of the previous month, according to the Purchasing Managers’ Index (PMI). ), which stood at 46.3 points from 45.1 in November.
Investors will in turn be awaiting this Friday’s negotiation of US manufacturing data, the intervention of the president of the European Central Bank (ECB), Christine Lagarde, in a forum on banking supervision organized by the institution, and the statements from his counterpart at the United States Federal Reserve (Fed), Jerome Powell.
Given this situation, in the middle section of the negotiation, the biggest increases within the Ibex 35 were recorded by IAG (1.4%), Amadeus (1.3%), Mélia Hotels (1.25%), Acerinox (1 .24%) and Indra (1.13%).
On the other hand, on the side of the declines were Fluidra (which yielded 1.42%; without the ex-dividend effect it was up 0.2%), Grifols (-0.96%), Cellnex (-0.7% ) and Colonial (-0.5%).
European stock markets opted for increases at midday: Paris added 0.42%; Milan 0.45%; London 0.62% and Frankfurt 0.72%.
At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 80.9 dollars, 0.05% more, while that of Texas appreciated 0.12%, up to $76.05.
Banca March experts have commented in a report that, after the meeting held yesterday by OPEC in which production cuts were extended and Brazil was incorporated as a member, the group of countries has not achieved the desired impact (some states , like Angola, have rejected supply cuts).
In the foreign exchange market, the price of the euro increased by 0.03% against the dollar, to 1.0892 ‘greenbacks’, while in the debt market, the interest required on the 10-year Spanish bond fell to 3.436% by subtracting three basis points from yesterday’s close.
