The Ibex 35 advanced 0.9%, to 9,170 points, after closing last week with accumulated falls of 1.5%. The selective and the rest of the European stocks will focus on the next days in the central banks, with the meeting of the ECB on Thursday and the meeting of the Federal Reserve on June 15 and 16. Within the Spanish index, the falls in Solaria and PharmaMar stand out, over 3%, and the rises in banks (Sabadell, BBVA ...), Telefónica and Inditex, which publishes its quarterly results this Wednesday.
- 11.154,600
- 1,56%
US Treasury Secretary Janet Yellen said this weekend that a rise in interest rates might not be so bad, which has boosted yields on US bonds. The yield on the 10-year American bond is now 1.57%.
Europe has also not taken into account the macro data that was published in Asia. In China, May exports have shown a greater slowdown than expected, with an increase of 27.9%, although imports rose from 43.1% to 51.1%.
BUSINESS TODAY
From a business point of view, CaixaBank has been open to reducing the number of layoffs and studying formulas for the territorial redistribution of the exits of its macro ERE, which currently affects 7,605 workers.
And the CNMV has verified this Monday the registration document of Corporación Acciona Energía Renovables as a previous step to the IPO of the company.
On the other hand, Línea Directa has convinced JP Morgan from the outset, which has started hedging the stock with an 'overweight' advice and a target price of 2.09 euros per share.
Additionally, Tesla has canceled the most expensive variant of its flagship model, the Model S Plaid Plus, according to a tweet posted by Elon Musk on Sunday.
"Plaid + is canceled. Not necessary, as Plaid is very good." And he added: "From 0 to 100 km / h in less than 2 seconds. The fastest production car ever made of any type. You have to feel it to believe it."
G7 HISTORICAL AGREEMENT
Finance ministers from the most advanced economies, known as the Group of Seven (G7), have backed a US proposal calling for companies around the world to pay at least a 15% tax on profits.
"The G-7 finance ministers today reached, after years of discussions, a historic agreement to reform the global tax system, in order to adapt it to the global digital age and, above all, to ensure that it is fair and that the right companies pay the right taxes in the right places, "UK Finance Minister Rishi Sunak announced in a video statement on Saturday.
The election results have also made the news this Monday. Finally, and as the polls anticipated, Angela Merkel's CDU won the regional elections in Saxony-Anhalt with 37% of the votes. It goes up five points with respect to the previous ones. It is an important result because they are the last ones before the federal elections on September 26.
OTHER MARKETS
The euro rises in value 0.25% and trades 1.2195 dollars. Oil fell 0.6%, to $ 71.46 for Brent and $ 69.25 for West Texas.
Gold and silver are up slightly to $ 1.8897 and 28.02%, respectively.
Bitcoin is up 1% to $ 36,041 and Ethereum is up 4% to $ 2,782.
Lastly, the yield on the 10-year Spanish bond fell to 0.47%.
Noticias relacionadas
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La CDU de Merkel se impone en las elecciones regionales clave de Sajonia-Anhalt
Es "poco probable" que el impuesto del 15% a las multinacionales "suponga una gran diferencia"
