MADRID, 2 Dic. (EUROPA PRESS) –
The Ibex 35 has fallen 0.4% in the week, after closing this Friday with a fall of 0.30%, which has led it to end below 8,400 integers; specifically, at 8,382.6 integers, after knowing the employment report for the United States in November.
Specifically, the unemployment rate in the United States remained unchanged in November, standing at 3.7%. In this way, the level of unemployment remains close to the minimum reached before the Covid-19 pandemic, when unemployment reached 3.5%, which was its lowest level in several decades.
In addition, the country’s labor market maintained its positive course of job creation despite the interest rate hikes launched by the Federal Reserve in recent months. Thus, 263,000 non-agricultural jobs were created, compared to 284,000 in October.
The XTB analyst, Darío García, points out that these data have caused a “sell-off” in equities that has distorted most of the gains obtained during the week.
During the week, the analyst highlights the messages from the central banks that indicate a possible moderation in the rise in interest rates, especially the Federal Reserve (Fed) of the United States. In the Ibex 35, this news would have affected, especially, the financial sector, in such a way that CaixaBank is the value that registers the greatest losses, followed by Bankinter and Sabadell.
The energy sector has also closed negatively due to the prospects for a ceiling on the price of oil from Russia and the falls in the price of natural gas.
On the positive side, García highlights the increases in the pharmaceutical, telecommunications, tourism and, above all, real estate sectors. Likewise, the prospect of lower interest rate rises, added to strong demand, has boosted the infrastructure sector given the lower cost of debt.
In Spain, the number of unemployed registered in the offices of the public employment services fell by 33,512 in November in relation to the previous month (-1.1%), its second largest decline this month in the historical series after the experienced in 2021 (-74,381 unemployed).
For its part, Social Security lost an average of 155 contributors in November, mainly due to the sharp drop in employment in the hospitality industry, which fell by more than 100,000 people compared to the previous month.
For the coming week, investors will be watching the November services PMI releases for the European and US economies and the final revision of third-quarter GDP for the eurozone. In addition, the week will close with inflation expectations in the US and the CPI in China.
In today’s session, the biggest increases were recorded by Indra (4.77%), Fluidra (2.39%), Sacyr (1.59%), Bankinter (1.18%), Colonial (1.09 %), IAG (0.97%) and ArcelorMittal (0.90%).
On the contrary, Acciona (-4.85%), Solaria (-2.13%), Acciona Energía (-2.00%), Telefónica (-1.59%), Red Eléctrica (-1 .39%), Repsol (-1.32%), Enagás (-1.31%) and Aena (-1.17%).
The rest of the European stock markets closed negatively, with a fall of 0.03% in London, 0.17% in Paris and 0.26% in Milan. Only Frankfurt is revalued by 0.27% in the session this Friday.
The price of a barrel of Brent quality oil, a reference for the Old Continent, stood at $86.90, with a rise of 0.07%, while Texas stood at $81.54, with a rise of 0.39%.
Finally, the price of the euro against the dollar stood at 1.0513 ‘greenbacks’, while the Spanish risk premium stood at 99 basis points, with the interest required on the ten-year bond at 2.841%.
