Wednesday, September 28

The Ibex 35 cuts its bullish streak with a decrease of 0.17%

The IBEX 35 has moderated its fall to 0.17% at the close of the session, after having registered a decrease of 0.5%, although it remains above 8,600 integers, in a context without macroeconomic references of weight . In any case, the markets are still pending the restrictions in several European countries and the effect of the reduction of quarantines.

The Public Health Commission, in which the autonomous communities and the Ministry of Health are represented, has agreed “unanimously” to reduce the quarantine of all those positive for COVID-19 to seven days, compared to the ten currently set.

The rest of the European stock markets also ended with declines this Wednesday, except for the FTSE 100 in London, which registered a rise of 0.66%. The German Dax fell 0.70%, the EURO STOXX 50 0.63%, the FTSE Mib 0.37%, the CAC 40 0.27% and the IBEX 35 0.17% to the 8,673.70 points.

The shares that have risen the most this Wednesday in the Spanish selective have been CIE Automotive with a revaluation of 1.04%, Bankinter 0.98%, Acerinox 0.88%, Red Eléctrica (REE) 0.77% and ACS 0.60%.

Grifols A was the red lantern of the session with a decrease of 2.47%, Meliá Hotels 1.56%, Repsol 1.11%, Cellnex 0.98% and Solaria 0.94 %.

At the corporate level, Ferrovial has completed the acquisition of 24.86% of the capital of the Indian listed company IRB Infraestructure Developers for an amount of 369 million euros, four million more than previously announced, thus breaking into its subsidiary Cintra in the Asian country .

Caixabank and Mapfre have agreed that the bank will pay the insurer 570.8 million euros for the termination of the bancassurance agreement that Mapfre had with Bankia, a process that began after the integration of said bank into CaixaBank last March, as reported by both companies to the National Securities Market Commission (CNMV). They will submit to arbitration Mapfre’s right to receive up to 52 million more and the insurer announces legal action.

The National Securities Markets Commission (CNMV) has imposed OHL, since July called OHLA, a fine of 250,000 euros, as well as 15,000 euros to four of its directors and former directors, for providing “inaccurate or untrue data” in the financial accounts for the first half of 2018.

Russian Deputy Prime Minister Alexander Novak, who held the Energy portfolio until mid-November 2020, has ensured that Russia could increase gas production and supply with Europe on the condition that the European Union signs long-term contracts.

The Royal Decree-Law to reform the labor market will finally come into force tomorrow as its publication in the Official State Gazette (BOE) has been delayed until this Thursday.

The law for the reduction of temporary employment in public employment will come into force tomorrow, December 30, after its publication this Wednesday in the Official State Gazette (BOE).

The price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 78.22 dollars, after falling 0.9%, while Texas was placed at 75.52 dollars, after falling 0.5%.

Finally, the price of the euro against the dollar stood at 1.1342 ‘greenbacks’, while the Spanish risk premium stood at 74.8 basis points, with the interest required on the ten-year bond at 0.560% .

Reference-www.estrategiasdeinversion.com

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