MADRID, 17 Oct. (EUROPA PRESS) –
The Ibex 35 closed this Tuesday with a slight rise of 0.12% after escaping losses at the last moment of the negotiation, so it remained very close to the level of 9,300 integers, until closing specifically at 9,298.5 integers, while the interest on European public bonds has risen by around one tenth.
The Spanish market has navigated with an uneven trend in a day in which relevant macroeconomic data has been known on both sides of the Atlantic and, although it threatened to lose the level of 9,200 points at the opening of Wall Street, it has managed to come back strongly and escape setbacks.
Investors learned this Tuesday that the confidence of German investors has improved substantially in October, according to the indicator of the Leibniz Center for European Economic Research (ZEW, for its acronym in German), which has stood at -1.1 points from -11.4 the previous month, suggesting that “the nadir has been passed.”
Investors are awaiting the meeting of Ministers of Economy and Finance of the European Union (Ecofin), in Luxembourg, where work is being done to advance a possible future agreement on fiscal rules and where the candidacy of the First Vice President and Minister of Foreign Affairs Economics and Digital Transformation in office, Nadia Calviño, as president of the European Investment Bank (EIB), could win a lot.
In Spain, the Spanish Public Treasury has placed 3,000 million euros in a new 15-year bond linked to European inflation after registering a demand of around 28,000 million euros, according to data provided by the Ministry of Economic Affairs and Digital Transformation . It was the first auction to be held after Calviño announced that Spain will reduce the debt issuance planned for 2023 by 5 billion euros.
On the side of the US ‘macro’ references, it has been known that the industrial production of that country in September grew by 0.3% compared to the stagnation of August, while retail sales grew by 0.7%, one tenth less than in August.
Both data have been better than the market expected, which would lead the Federal Reserve (Fed) to further tighten its monetary policy to tackle inflation. Thus, Wall Street opened this afternoon with losses, although at closing time in Europe its indices rose by around 0.3%.
Added to these references is the third quarter earnings season, which has already begun in the United States (on this day Bank of America earned 10.5% more in the third quarter) and in Spain Bankinter will be in charge of give the ‘start gun’ this Thursday.
In this context, within the Ibex 35, the increases in Acciona Energía (2.11%) have stood out; Sacyr (1.48%); Inditex (1.3%) and Indra (1.12%). On the other hand, the decreases in Logista (-1.51%), Naturgy (-1.13%), Cellnex and Grifols (both with a fall of 1.07%) stood out.
The majority of European markets have managed, like Madrid, to escape losses in the last section of the stock market: Frankfurt has added 0.09%; Paris 0.11% and London 0.58%. Milan, despite the comeback trend, ran out of time and closed with a decrease of 0.09%.
On the other hand, at closing time in Europe, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at $89.43, 0.25% less, while that of Texas was It became cheaper by 0.42%, to $86.93.
In the currency market, the price of the euro appreciated 0.3% against the dollar, reaching 1.0593 ‘greenbacks’
In the secondary debt market, the interest on the long-term Spanish bond has closed at 3.997% after adding almost ten basis points – that is, one tenth -, so it was once again close to the 2013 highs that it already reached three years ago. weeks, while the risk premium (the spread with the German bond) stood at 111.8 points.
For its part, the ten-year US bond provisionally rose this afternoon to 4.8%, the highest since the 2007 financial crisis.
