MADRID, 24 Ene. (EUROPA PRESS) –
The Ibex 35 closed this Wednesday with an increase of 1.16%, reaching 9,974 points, waiting for the monetary policy meeting of the European Central Bank (ECB) to take place tomorrow, from which investors expect a new pause in interest rates – they would remain at 4.5% – and, above all, clues about when there would be cuts in interest rates.
The Spanish selective, in a week in which it acts like a pendulum (on Monday it gained 1%, yesterday it fell that same amount and today it repeats the data in a positive sign), has opted this Wednesday since the opening for a growing upward trend driven by the vast majority of its values - only five of them have closed negative – and after the market received a battery of macroeconomic data.
Regarding the ECB’s decision, Bank of America experts have indicated that they do not expect changes in monetary policy or communication, but “they do expect the ECB to be more reluctant to the cuts anticipated” by the market. Likewise, the business results season in Spain picks up speed tomorrow thanks to Bankinter.
In the ‘macro’ section, the PMI composite index, prepared by S
For its part, the same indicator, but referring to the activity of the United States in January, has widened its difference in expansive territory thanks to the improvement of the services sector and, especially the improvement of the manufacturing sector, which has gone from a contraction zone to expansive.
In other geographies, the People’s Bank of China (PBPC) has decided to lower this morning by 50 basis points the cash reserve ratio required of the country’s entities with the objective of “consolidating and improving the positive trend of economic recovery.” The reduction in the reserve ratio will come into force on February 5 and will mean an injection of liquidity to the market of 1 trillion yuan (129.28 billion euros), as announced by the governor of the Chinese central bank, Pan Gongsheng, in a Press conference. This has motivated a rise of 3.56% on the part of the Hong Kong Hang Seng.
In the business sphere, this morning it was known that Apollo has signed contracts to acquire 21.85% of Applus, raising the takeover price to 10.65 euros per share; In addition, this Wednesday the new edition of the International Tourism Fair (Fitur) started, which will be held from this Wednesday, January 24, until Sunday, January 28, at Ifema Madrid, and will have a large presence of travel agencies. travel, tour operators and employers.
In this context, Grifols has presided over the gains of the Ibex 35 with an increase of 5.63%, followed by IAG ( 3.4%), Colonial ( 2.91%), Mapfre ( 2.69%), Solaria ( 2 .55%), ArcelorMittal (2.03%), Bankinter (2.03%), Fluidra (1.98%) and Inditex (1.75%).
On the opposite side, only five values have closed trading with losses: Acerinox (-1.63%), affected by the ‘ex-dividend’ effect, Naturgy (-0.54%), Acciona Energía (-0.49% ), Telefónica (-0.18%) and Enagás (-0.07%).
The dynamism of the Madrid stock market has been shared by the rest of the main European capitals: London has risen 0.56%; Milan 0.87%; Paris 0.92% and Frankfurt 1.58%.
At closing time in the Old Continent, in the raw materials market, a barrel of Brent stood at $80.62, 1.35% higher, while West Texas Intermediate (WTI) advanced 1.86 %, up to $75.73.
The yield on the Spanish bond maturing in 10 years closed at 3.255% after subtracting one basis point, while the risk premium (the differential with the German bond) stood at 91.5 points.
In the foreign exchange market, awaiting the decision of the ‘guardian of the euro’, the euro appreciated 0.4% against the dollar, reaching an exchange rate of 1.0897 ‘greenbacks’ for each unit of the community currency.
