The Ibex 35 has risen 0.23%, to 9,095 points, at the end of a lateral week for the Spanish index, which began on Monday from 9,030 integers. Within the selective, the most pronounced falls have been those of Iberdrola, IAG and Meliá, while the other side of the coin has been the increases of ArcelorMittal and PharmaMar.
- 11.154,600
- 1,56%
In the case of Iberdrola, it has continued to suffer on the stock market after FundNews published that the indictment of Ignacio Sánchez Galán for the Villarejo case is a "reputational risk" with a "negative impact" on its price.
In addition, tourism values (Meliá, IAG) have declined because the United Kingdom has only included the Balearic Islands and not the Canary Islands in its list of safe travel destinations.
US BANKS SURPASS THE STRESS TEST
Internationally, banks in the United States are protagonists after they have passed the stress tests of the Federal Reserve (Fed), showing that "they could withstand another serious recession," according to the Fed in a statement. As expected, all remaining restrictions on buybacks and dividends have been lifted.
Analysts indicate that this decision could mean the return of billions of dollars in excess capital to shareholders, and specify that we will have to wait for the latest figures for the second quarter to see how much it could rise, given the recent warnings from JP Morgan and Citigroup that revenues will likely be much lower.
Nike also made the news, which has exceeded estimates with its income and soars on Wall Street, which is trading at all-time highs.
In addition, there is much talk about Toshiba and the removal of its president by its shareholders.
PCE INFLATION RISES IN LINE WITH EXPECTED
On the economic scene, the PCE inflation index, which reflects changes in the prices of products and services purchased by consumers in the US and is the measure that the Fed observes to calibrate inflation expectations, has risen to 3, 9% year-on-year, slightly below the 4% anticipated.
However, this is its highest level in almost three decades, since 1992. For its part, the underlying PCE has rebounded to 3.4% from 3.1% year-on-year, in line with forecasts. In the last meeting, the Fed had to raise its forecasts for this indicator to 3.4% for the year as a whole in the general rate and to 3% in the underlying rate.
In other news, the central bank of Mexico has surprised the market with an unexpected rate hike.
OVER THE 9,200
The Ibex recovered 9,000 points this Thursday, extending the lateral movement of recent weeks. Bolsamanía experts explain that, to confirm a signal of strength, we should wait for a close above 9,200.
"At the moment the strong upward trend continues. The first support level is at 8,800 points," says César Nuez, an expert at Bolsamanía and head of Trader Watch.
OTHER MARKETS
The euro rises in value 0.28% and trades at 1.1963 dollars. Oil rose slightly, to $ 75.80 for Brent and $ 73.50 for West Texas, the highest since April 2019.
Gold and silver rise, up to 1,788 dollars the first and 26.30 dollars the second.
Bitcoin falls 5%, to $ 32,900, and Ethereum is down another 8%, to $ 1,848.
The yield of the 10-year American bond relaxes to 1.485% and the yield of the 10-year Spanish bond rebounds to 0.448%.
