MADRID, 13 Dic. (EUROPA PRESS) –
The Ibex 35 ended the session with an advance of 0.83%, which has led it to stand at the level of 8,300 integers, after the CPI data for November in the United States was published, which has returned moderate to 7.1% in year-on-year terms.
This figure represents a decrease of six tenths compared to the data for October and is the fifth consecutive month of moderation, according to the data released this Tuesday by the Office of Labor Statistics of the Department of Labor of the country. In addition, underlying inflation, which is the result of excluding food and energy prices from the calculation, stood at 6% in November, three tenths less than the previous month.
This indicator is one of those that guides the US Federal Reserve (Fed) in its economic normalization policy. The country’s high inflation data has prompted the Fed to raise interest rates at a particularly fast pace.
The fact that inflation continues to show signs of moderation gives investors ‘wings’ for tomorrow’s meeting, when the Fed will announce the next step in its monetary policy, which could be a rise of 50 basis points, and not 75 points as it has been applying in the last four meetings.
In this context, the Ibex 35 has closed at 8,327.7 points, with Telefónica as the ‘red lantern’, with a fall of 4.91%, although its shares have already traded today without the right to the dividend that it will pay this Thursday. It was followed by Naturgy (-1.19%), Acciona (-1.15%), PharmaMar (-0.76%), Banco Sabadell (-0.61%) and Acciona Energía (-0.48%). On the opposite side were Grifols (5.13%), Amadeus (4.46%), Fluidra (4.09%), Rovi (2.68%), Meliá (2.63%), Colonial ( 2.43%) and ArcelorMittal (2.21%).
This Tuesday it was also known that the German consumer price index (CPI) stood at 10% last month, which represents a slowdown of four tenths compared to the year-on-year increase registered in October and the same data as in September .
Another reference today was the ZEW indicator of German investor confidence, which improved in December for the third consecutive month, after the lows registered last September, given the expectation of a relief in inflation in the coming months. The confidence of financial market experts regarding the economic development of the eurozone has also improved.
On the other hand, at the close of yesterday’s session, the Ibex 35 Technical Advisory Committee announced Logista’s entry into the Ibex 35 to replace PharmaMar, a change that will take effect next Monday, December 19.
Renta 4 analysts anticipate yet another change in the composition of the Madrid selective, since today ends the term of the voluntary takeover bid (OPA) of shares made by Siemens Energy on Siemens Gamesa, which will be excluded from the index as of morning.
Once the result of the offer has been officially published, the committee will meet on an extraordinary basis this month to decide whether to re-include Siemens Gamesa Renewable Energy in the index, with the new applicable coefficient, if any, or the substitute for another value.
“We hope that [the takeover bid] is successful and translates into the exclusion of the security. This would leave a free place in the selective, which would be covered in a subsequent extraordinary review and with effect from December 27, once the result of the the takeover bid. The best positioned values to take the place of Siemens Gamesa would be Vidrala, CIE Automotive or Viscofan”, the experts affirm.
As for the rest of the European stock markets, they have also registered increases of 0.76% in London, 1.42% in Paris, 1.34% in Frankfurt and 1.37% in Milan.
Likewise, a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 80.83 dollars, with a rise of 3.68%, while Texas stood at 75.75 dollars, with an increase of 3.51%.
Finally, the price of the euro against the dollar stood at 1.0644 ‘greenbacks’, while the Spanish risk premium stood at 101 basis points, with the interest required on the ten-year bond at 2.913%.
