MADRID, 9 Ago. (EUROPA PRESS) –
The Ibex 35 registered a rise of 1.14% towards the mid-session, so that at around 12:00 noon the selective of the Spanish stock markets and markets stood at 9,407.5 points.
The rebound in the index occurred after having registered a setback on Tuesday following Italy’s announcement of a new tax on extraordinary bank profits.
This Wednesday’s optimism comes after the Italian Ministry of Economy and Finance clarified early in the morning that the new tax on banks “provides a maximum ceiling for the contribution that cannot exceed 0.1 % of total assets”, a range substantially lower than initially estimated by the markets and which caused a general collapse of banks in the session on Tuesday.
The Ministry indicated that the tax base of the new tax will be determined on the higher value between the amount of the interest margin of the financial year 2022 that exceeds the same margin of the financial year 2021 by at least 5% and the amount of the interest margin of the account of results relative to the year 2023 that exceeds the same margin by at least 10% in the year 2021.
Likewise, it has ensured that the banks that have already adjusted the remuneration of deposits as recommended by the Bank of Italy on February 15 will not suffer significant impacts as a result of the approved regulation.
In this context, the Stoxx Banks index, which brings together the main European banks, rebounded 1.55% towards mid-session, after leaving 3.54% on Tuesday. An evolution similar to that registered by the Ibex 35 Banks subindex, which rose 1.08%, after having fallen 2.19% on Tuesday.
Outside the European sphere, this Wednesday it became known that inflation in China stood at -0.3% last July, compared to the stagnation of the inflation rate in the previous month, which represents the first year-on-year drop of prices in the Asian giant since the beginning of 2021.
In this way, all the values of the Ibex 35 were trading positive around 12:00, with Repsol (1.83%) being the one that accumulated the most rebound. They were followed by Rovi (1.72%), Banco Sabadell (1.64%), ArcelorMittal (1.59%), Telefónica (1.59%), and Aena (1.55%).
On the other hand, the smallest increases occurred in Solaria (0.33%), IAG (0.36%), Enagás (0.44%), Meliá (0.47%), Bankinter (0.47%) and Merlin (0.48%).
The optimistic dynamism of investors was common in all the main European markets. Germany’s DAX rose 1.16%, while France’s CAC 40 rose 1.35% and Italy’s FTSE MIB rose 1.90%. The British FTSE 100 observed an increase of 0.90%.
In the raw materials market, a barrel of Brent traded at 86.87 dollars towards the European mid-session, 0.85% more; while the West Texas Intermediate (WTI) stood at $83.80, 1.06% more.
The yield of the Spanish bond with a maturity of 10 years experienced a slight decrease to 3.496%, from 3.503% in which it closed on Tuesday. In this way, the risk premium against German debt was reduced by one point, to 102.4 basis points.
Towards mid-session, the euro appreciated 0.19% against the dollar, until registering an exchange rate in the markets of 1.0976 ‘green tickets’ for each unit of the community currency.
