The Ibex 35 ends the week with a revaluation of 0.1% and remains above 9,200


The Ibex 35 has concluded the week with a revaluation of 0.18% compared to last Friday’s close, thanks to the momentum it has achieved today of 0.42%, which has led it to stand at 9,251 ,5 integers.

The XTB analyst, Joaquín Robles, explains that these last five days have been marked by progress in the negotiations on the increase in the debt ceiling in the United States, where an agreement could be reached soon, and by the inflation data in the eurozone.

“Average trading volume has fallen significantly during this month of May due to lower volatility. Even so, and despite concerns about inflation, rate hikes and the economic slowdown, several of the main global indices such as the S&P and Nasdaq in the US or the Dax in Europe have reached new annual highs,” says the expert.

Meliá Hotels and IAG have led the increases during the week, closely followed by Banco Sabadell, Arcelor and Amadeus. “Companies related to tourism are the ones that rise the most in the Spanish selective given the solid reservation data for this summer, which in some cases could exceed those of 2019,” Robles explains.

On the other hand, the rise in inflation has negatively affected the companies most vulnerable to rate hikes such as Iberdrola, Naturgy, Red Eléctrica, Enagás and Endesa, which all ended with setbacks. In addition, BBVA has been affected by the results of the elections in Turkey, which favor the current president, Recep Tayyip Erdogan, in the second round that will take place on May 28.

In this Friday’s session, the biggest increases were recorded by Grifols (+2.77%), Sacyr (+1.49%), Endesa (+1.40%), Mapfre (+1.38%), Logista (+1.37%) and Colonial (+1.10%). On the other hand, IAG has fallen by 1.68%, followed by Naturgy (-1.48%), Meliá (-0.68%), Acerinox (-0.65%), Bankinter (-0.42% ) and Banco Sabadell (-0.25%).

Indra, which yesterday announced the proposal to appoint José Vicente de los Mozos as the new CEO, has closed with a revaluation of 0.17%. For its part, NH has ended with a fall of 0.22% after agreeing to submit for consideration at its next meeting the dismissal of Alfredo Fernández Agras as president after losing his “confidence” and appointing Dillip Rajakarier, CEO of the Thai group Minor, and Ramón Aragonés, current CEO of NH, as the new president and vice president, respectively.

Regarding the rest of the European markets, Milan has advanced 1.05% at the end of the session, while Frankfurt has gained 0.69% in the day, Paris, 0.61% and London, 0.19% .

In the raw materials market, a barrel of Brent fell 0.18%, to 75.74 dollars, while the West Texas Intermediate (WTI) stood at 71.62 dollars, 0.33% more.

In the debt market, the yield of the Spanish bond with a maturity of 10 years has been located at 3.461%. Thus, the risk premium stood at 106.3 basis points.

Regarding the currency market, the euro has appreciated by 0.48% against the dollar, standing at 1.0822 dollars for each euro, coming close again to recovering the level of 1.08 ‘green tickets’.

Robles indicates that next week will continue to be marked by the evolution of inflation, speculation about the next movements of central banks, negotiations on the debt ceiling in the United States and economic data, especially highlighting the preliminary data on GDP in the US. .

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