MADRID, 14 Abr. (EUROPA PRESS) –
The Ibex 35 has ended the week with an advance of 0.5% compared to the close of last Thursday, April 6, and has stood at 9,362.9 integers boosted in today’s session by the bank.
Specifically, the Madrid selective closed the session this Friday with a rise of 0.57% with Banco Santander as bullish value, with a rise of 3.76%, followed by Bankinter (3.75%), Sabadell (2 77%), BBVA (2.69%), CaixaBank (2.61%), Merlin (2.39%) and Unicaja Banco (2.32%).
On the other hand, the biggest falls today were registered by Endesa (-2.57%), Indra (-2.27%), Red Eléctrica (-2.20%), Acciona Energía (-2.13%) , Naturgy (-2.03%) and Grifols (-1.84%).
The XTB analyst, Joaquín Robles, points out that the markets have been attentive to the publication of inflation data in the United States and Germany, where they have met investor expectations, although they continue at levels “well above” the objectives set by the central banks.
“Investors continue to weigh the next moves by central banks as the scenario of inflation and high rates begins to impact the economy,” says the expert.
In the United States, the monthly CPI slowed for the ninth consecutive month to 5%, although core inflation, which excludes food and energy prices, rose 5.6%. In this way, the market discounts, with a probability of 80%, another increase of 25 basic points in the meeting of the Federal Reserve (Fed) of the United States.
“US rates could break the 5% barrier for the first time since the 2008 financial crisis. The fear of a recession is still present, but it could be milder than expected,” says Robles.
In the case of Germany, the country’s harmonized inflation rate stood at 7.8% last March, one and a half points below the increase registered in February. In addition, today, the markets have learned that the Spanish CPI eased to 3.3% in March, compared to 6% in the previous month. On the other hand, the data for France moderated six tenths in the third month of the year, to 5.7%.
The analyst also highlights the start of the publication of results in the United States with the main US banks. JPMorgan Chase, the largest bank in the country by assets, has reported a net profit of 12,622 million dollars (11,448 million euros) in the first quarter, 52.4% more, while Citigroup registered a net profit of 4,606 million dollars (4,186 million euros) 7% more compared to the same period of 2022.
For its part, Wells Fargo obtained a net attributable profit of 4,713 million dollars (4,275 million euros), which corresponds to an increase of 34% compared to the result recorded by the entity in the same period of 2022.
In this context, the rest of the European markets have also closed positively this Friday, with an increase of 0.89% in Milan, 0.52% in Paris, 0.50% in Frankfurt and 0.36% in London.
The Brent barrel registered a price of 86.41 dollars, 0.37% more, while the West Texas Intermediate advanced 0.56%, up to 82.63 dollars.
The yield on the 10-year Spanish bond fell slightly compared to Thursday’s close, standing at 3.470%. In this way, the risk premium compared to its German counterpart was 104.1 basis points, just four tenths below the previous day.
The euro ended its bullish streak against the dollar, falling 0.58% against the US currency. In this way, it was trading at the close of the session in Spain at 1.0983 dollars for each euro.
Next week will continue to be marked by the publication of economic data, among which those of the CPI in the United Kingdom and the euro area, those of housing in the US and that of investor confidence in Germany stand out. In addition, the results season will continue in the United States and will begin in Spain with Bankinter’s first quarter accounts.
