MADRID, 31 Oct. (EUROPA PRESS) –
The Ibex 35 has closed the month of October with an increase of 8.00% compared to September and above 7,900 integers, in such a way that it recovers everything it lost in the ninth month due to the collapse experienced by the English markets , due to the failed fiscal plan presented by the Government of Lizz Truss, and which infected other indices, including the Spanish one.
Despite this advance, in the accumulated figure for the year, the Madrid selective loses 8.69%. In its daily evolution, it has closed at 9,756.8, which represents an advance of 0.51% compared to last Friday.
XTB analyst Darío García affirms that this month of October has been “extraordinarily good” for the markets, with increases close to double digits that erase the losses suffered during September. All this despite the presentation of results, which has diminished “what could have been an even better October than the one that closes”.
The key event of this tenth month has been the meeting of the European Central Bank (ECB), where it has been agreed to apply a new rise of 75 basis points to interest rates, to place them at 2%.
In the Ibex 35, García highlights the values that close the month with a double-digit increase, such as banks, construction companies, tourism, Inditex or the “exceptional” behavior of IAG, which goes back nearly 25% in the month . Behind, with lighter increases, are the steel and energy companies, with some pharmaceuticals and ‘telecos’, and lastly, those that have closed with losses. In this sense, the falls of Fluidra, Grifols or Solaria stand out.
This Monday, the biggest increases have been scored by IAG (4.83%), Fluidra (3.94%), PharmaMar (3.52%), Aena (2.49%), Grifols (2.33%), Indra (2.26%), Telefónica (2.11%) and Amadeus (2.05%). On the other hand, only Inditex (-2.26%), Acciona (-1.67%), Banco Santander (-1.35%), BBVA (-0.71%) and Repsol (- 0.25%). However, both the shares of Inditex and Santander have been listed today without the right to the dividend that they will distribute on November 2.
Today it has been known that the interannual inflation rate of the euro area has stood at 10.7% in October, which marks a new historical record and represents an acceleration of eight tenths with respect to the September figure. Likewise, the GDP of the euro zone slowed down its growth rate between July and September to 0.2% from the 0.8% observed in the second quarter of the year.
The Chinese economy has once again shown signs of weakness in October as a result of the outbreak of Covid-19 and the impact of the global economic context, as reflected by the weakness of the purchasing managers’ indices (PMI) for both the services sector and the industry, which in October have once again registered a contraction in activity.
The rest of the European stock markets have closed with advances of 0.66% in London, 0.55% in Milan and 0.08% in Frankfurt. Only Paris has closed with a decrease of 0.10%.
Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at $94.80 this Monday, with a decrease of 1.01%, while Texas stood at $86.47, with a fall of 1.63%.
Finally, the price of the euro against the dollar stood at 0.9879 ‘greenbacks’, while the Spanish risk premium stood at 105 basis points, with the interest required on the ten-year bond at 3.212%.
November will be conditioned by the monetary policy decision of the United States Federal Reserve (Fed) which, after the actions of the Bank of Canada or the ECB, could give clues to a “pivot movement” regarding increases in interest rates .
However, given that US macroeconomic data remains strong, Garcia considers it “possible” that Fed Chairman Jerome Powell will once again offer another rate hike of 75 basis points.
