Sunday, August 14

The Ibex 35 leads progress in Europe and stands above 8,500 points

The IBEX 35 ended the session this Thursday with a rise of 1.24% to 8,563.70 points ahead of the EURO STOXX 50 which has registered a rise of 1.16%, the German Dax 1.04% , the French CAC 40 0.77%, the FTSE Mib 0.70% and the London FTSE 100 0.43%.

The Spanish selective has achieved a level that it had not reached since December 7, thus chaining four positive sessions. In this way, the Madrid selective recovers part of the ground lost after the first news of the omicron variant at the end of last month, although it still remains far from the 9,000 integers that it registered in mid-November.

The values ​​that have risen the most this Thursday in the Ibex 35 have been Naturgy with an increase of 3.23%, Banco Santander 3.05%, Caixabank 2.61%, IAG 2.53% and Bankinter 2.46%.

For their part, the shares that fell the most were ArcelorMittal, which fell 2.12%, Indra 1.59%, PharmaMar 1.36%, Almirall 0.90% and Grifols 0, 58%.

Investors learned this Thursday that the Spanish economy grew 2.6% in the third quarter of the year, 1.4 points above the updated rate for the second quarter (1.2%), according to National Accounts data published by the National Institute of Statistics (INE).

The deficit of the public administrations as a whole, excluding financial aid, stood at 47,536 million euros until October, which means subtracting 33,620 million from the figure registered a year earlier, 41.4% less, so it drops to 3.93% of GDP, according to data released this Thursday by the Ministry of Finance.

The Government has succeeded in fulfilling its objective, promised to Brussels, of having the labor reform before the end of the year. After months of intense negotiations, with marathon meetings in recent days, the Executive and social agents have finally reached an agreement, as confirmed by the Ministry of Labor itself, which has described it as “historic.”

At the corporate level, the United States Justice has resolved that Stoneway Capital and Araucaria Energy must pay 10 million dollars (8.8 million euros) to Duro Felguera in relation to the litigation originated by the contracts between the parties for the construction of two Cycle gas turbine power plants in two municipalities of Buenos Aires (Argentina).

The Unión Temporal de Empresas (UTE) formed by Vías y Construcciones (ACS), Comsa, Azvi and Grupo San José, each with a 25% stake, has been awarded a contract to renovate the Madrid-Chamartín Clara Campoamor station in Madrid in a maximum period of 60 months, as contained in the minutes published by Adif.

The price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 76.06 dollars, rising 1.04%, while Texas stood at 73.37 dollars, with a hike of 0.85%.

Finally, the price of the euro against the dollar stood at 1.1316 ‘greenbacks’, while the Spanish risk premium stood at 74.5 basis points, with the interest required on the ten-year bond at 0.497% .

Reference-www.estrategiasdeinversion.com

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