MADRID, 13 May. (EUROPA PRESS) –
The Ibex 35 lost 0.15% at midday this Monday, reaching 11,090.5 points, in a day of transition for the markets as a result of the absence of significant macroeconomic references and the lack of business results.
On the other hand, on the political level, the elections in Catalonia have stood out, where the PSOE has been declared the winner ahead of Junts; Likewise, investors will continue to pay attention throughout the week to how BBVA’s hostile takeover bid (OPA) for Banco Sabadell evolves.
Regarding this last point, BBVA has indicated that it would not be concerned that Sabadell’s complaint to the National Securities Market Commission (CNMV) will affect the hostile Takeover Offer (OPA) that it launched last week. about the Catalan entity, as market sources have informed Europa Press.
On a business level, Almirall reported before the market opened this Monday that it obtained a net profit of 7.4 million euros in the first quarter of the year, a figure 3.9% lower than that of the same period of 2023.
Also in the corporate field, the credit rating agency EthiFinance Ratings has affirmed the rating of Audax Renovables at ‘BBB-‘ with a ‘stable’ trend.
This week starts with the Eurogroup meeting this Monday, while this Tuesday the Ecofin will meet and the United Kingdom unemployment and inflation data from Spain and Germany will be known.
Furthermore, on Wednesday, Eurostat will publish employment, GDP and industrial production data for the eurozone, while in the United States the evolution of inflation in April will be known.
The week will end on Friday 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.
“The market, once again, returns to the game of inflation versus growth,” Banca March experts assessed in a report.
In the middle section of the negotiation, the values that rose the most were IAG (2.1%), Meliá Hotels (1.33%), Sacyr (1.33%), Naturgy (1.15%) and Grifols, which advanced 1%, while on the opposite side were Cellnex (-1.46%), Banco Sabadell (-1.26%) and Acciona (-1.24%).
The main European markets were trading unevenly at midday, although all of them at levels similar to those of last Friday’s close: London added 0.04% and Milan 0.17%, while Paris fell 0.17% and Frankfurt 0.2%.
The price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.16% at the same time, to 82.93 dollars, while Texas stood at 78.46 dollars, 0. 26% more.
In the currency market, the price of the euro against the dollar strengthened by 0.1%, to 1.0783 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond fell to 3.289%, with the risk premium (the differential with the German bond) at 78.8 points.