The Ibex 35 corrected 0.56% this Thursday, which has led it to end below the level of 11,300 integers, after yesterday reaching a new maximum since July 2015 encouraged by the inflation data In U.S.A.

Renta 4 experts have assessed that the United States CPI, which met expectations (at 3.4% in the interannual rate and the underlying rate at 3.6%), reinforces the expectation of two rate cuts by the Federal Reserve (Fed) in 2024 compared to the only decrease that was discounted after the previous negative inflation data; The first drop, consequently, would occur in September.

In the business field of this day, the State Society of Industrial Participations (SEPI) has exceeded this Thursday the threshold of 9% in the share capital of Telefónica and is thus approaching the mandate given to it by the Government to acquire up to 10% of the Spanish operator.

On the other hand, the Swiss group J. Safra Sarasin (JSS), dedicated to private investment banking and asset management, has announced the launch of a public takeover bid (OPA) for Árima Real Estate at a price of 8.61 euros per share, which represents a premium of almost 38.9% over the price at which the SOCIMI’s shares closed this Wednesday (6.20 euros per share).

In this context, the shares of Árima Real Estate have soared by 33.23% at the end of the stock market session in Spain, until its shares were exchanged for a unit price of 8.26 euros, which has led it to lead the increases of the continuous market of the Spanish stock market.

In addition, the Spanish Public Treasury has placed 5,496.5 million this day in a medium and long-term debt auction, which includes ‘green bonds’, and has done so by cutting the profitability offered to investors in all references issued, according to the data published by the Bank of Spain.

For its part, the vulnerabilities for financial stability in the eurozone have been mitigated thanks to the improvement in economic prospects, with inflation in constant decline and the recovery of investor confidence, according to the Financial Stability Report published by the European Central Bank (ECB), which warns that the outlook remains fragile as a result mainly of geopolitical risks.

On a ‘macro’ level, the GDP data in Japan stands out, which registered a contraction of 0.5% in the first three months of 2024 compared to the previous quarter, when it had remained stable, according to data published this Thursday by the Government Cabinet Office, which reflect a slightly larger drop in activity than expected by the market.

The week will end tomorrow with inflation data for the euro zone as a whole, as well as several indicators for China – housing prices, industrial production, retail sales and unemployment.

Given this situation, the Ibex 35 stood at 11,299.3 integers, with Colonial as a bullish value, with an increase of 4.15%. Shortly before the closing, an agreement between Criteria Caixa and Colonial was announced by which the investment holding company will buy new shares of the SOCIMI for 622 million euros and plans to achieve an approximate stake of 17%.

Behind Colonial, there were increases in Merlin Properties (1.63%), Amadeus (1.55%), Acerinox (1.15%), ACS (0.71%) and Cellnex (0.55%). . On the falls side, those of IAG (-2.92%), Sabadell (-2.44%), Grifols (-2.26%), BBVA (-2.22%), Ferrovial (-1 .82%) and Meliá (-1.41%).

Most of the main European stock markets have also closed with falls: 0.69% in Frankfurt, 0.63% in Paris and 0.08% in London. Only Milan has finished with a slight advance of 0.12%.

Regarding the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.59%, to 83.2 dollars, while Texas stood at 79.2 dollars. , 0.84% ​​more.

In the currency market, the price of the euro against the dollar fell by 0.08%, to 1.0875 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond rose to 3.212%, with the risk premium (the differential with the German bond) at 77 points.