MADRID, 7 Jul. (EUROPA PRESS) –
The Ibex 35 stood out in the mid-session this Friday from the rest of the European indices and registered a fall of 0.7%, which took the selective to 9,225.2 points, affected by the falls of large values such as Iberdrola, Repsol or Telefónica, and in a day that will pivot on the official employment report of the United States for this June.
In the previous session, data had been released (the ADP employment report for June) that pointed to the strength of US employment and would give arguments to the US Federal Reserve (Fed) to maintain an aggressive monetary policy for a long period of time; which in turn caused significant declines in Wall Street that infected Europe (Madrid had its biggest drop since mid-March).
The 0.2% drop in industrial production in May compared to April has been known on the macroeconomic agenda in Europe; the rise of 0.7% in Italian retail sales in May, also in the monthly rate, while France has improved its trade deficit in May to stand at 8.4 billion euros.
The markets will also be attentive this Friday to the intervention of the president of the European Central Bank (ECB), Christine Lagarde, in Aix en Provence (France); as well as the vice president, Luis de Guindos, in London.
Previously, Lagarde has warned in an interview with ‘La Provence’ that the institution “will not sit idly by” if it sees a “simultaneous” rise in business margins and wages that poses a threat to price stability .
In the middle tranche of the negotiation, the biggest increases within the Ibex 35 were recorded by Unicaja (2.44%), Banco Sabadell (2.17%), Bankinter (1.96%) and Mélia Hotels (1.74% ), while the most pronounced decreases were registered by Iberdrola (-3.98%), Cellnex (-2.14%), Repsol (-1.2%) and Telefónica (-1.1%).
The main European markets were trading in positive territory in the mid-session: Frankfurt rose 0.29%, Milan 0.32% and Paris 0.37%; while London, like Madrid, opted for decreases and fell 0.31%.
At the same time, the price of a barrel of Brent crude, a reference for the Old Continent, rose 0.55%, to 76.94 dollars, while Texas stood at 72.19 dollars, 0.54%. further.
In the foreign exchange market, the price of the euro against the dollar stood at 1,088 ‘green bills’, while the Spanish risk premium was around 105.4 basis points, with the interest required on the 10-year bond in the 3.705%.
