The Ibex 35 has risen 0.83% to 10,848 points on a day in which the rest of European stock markets have also risen strongly after the French elections were held yesterday with a wide victory for Emmanuel Macron and the centrist En Marche!, while the National Front will not be able to form a parliamentary group in the National Assembly.
The most outstanding shares this monday were Mapfre (+3.01%), Acerinox (+2.74%) and ArcelorMittal (+2.71%). Together with these three values, we should highlight the appreciation of Caixabank (+2.22%), Bankia (+2.10%), Banco Sabadell (+2.06%) and DIA (+1.87%), as well as BBVA (+1.35%) and Banco Santander (+1.23%). In fact, the sector of European banks has ended with a revaluation of 1.5%. Among other Spanish blue chips, Repsol rose +1.3%, Inditex +0,98%, Telefonica +0.86% and Iberdrola fell -0.15%.
In the continuous market, Prisa closed with a rise of +23.85%, Service Point scale +20.93% and Pescanova +13.33%, while Urbas has yielded -5.88% and Abengoa -6.25%
In addition, Deutsche Bank analysts have cut back their advice on Mediaset (+2.07%) to 'sell' from 'hold'. German bank experts have reduced their stock valuations to 8.50 from 9.50 euro per share, a target price that anticipates a bearish potential of 20% over the current market price.
Finally, Brent oil falls by 0.4%, to $47,17. Energy Minister Saudi Arabia has said that the oil market needs time to rebalance. He added that the fundamentals are going in the right direction, but the market needs time and compliance with the OPEC (Organization of Petroleum Exporting Countries) cut-off agreement was above 100%.