The Ibex 35 managed to reverse its evolution in the mid-session, reaching 11,321.7 points, which represents an increase of 0.20% compared to the price at the close of Thursday.

The most notable data this Friday was inflation in the euro zone, in which investors were looking for clues as to whether the European Central Bank (ECB) will finally lower rates at its June meeting. Specifically, the rate stood at 2.4% year-on-year in April, in line with the rise in prices observed in March, while that of the European Union (EU) as a whole remained at 2.6%.

In the business field, Iberdrola is holding its general shareholders meeting today, which is presented with the support of the ‘proxy advisors’ and with the company’s stock reaching all-time highs.

For his part, the CEO of Colonial, Pere Viñolas, announced on Thursday that the SOCIMI will invest 385 million euros in capex in four new projects, following the capital increase of 622 million euros announced yesterday, before the closing of the stock market, and which will allow Criteria Caixa to become its main shareholder with 17% of the capital.

Merlin Properties informed the National Securities Market Commission (CNMV) after the market closed that it obtained a net profit of 64.8 million euros in the first quarter of 2024, which represents a slight decrease of 2.1% compared to to the same period of the previous year, due to the start of data center operations and higher financial expenses.

Furthermore, the board of directors of Merlin Properties has accepted and approved the resignation of Javier García-Carranza Benjumea as member and president of said body.

Finally, FCC will bring to its ordinary general meeting of shareholders, which will be held on June 27 on first call or on June 28 on second call, the transfer of its real estate and cement production activities to its company Inmocemento, which will take Stock market valued at 1,596 million euros.

In this context, Banco Sabadell led the selective, advancing 2.18%, ahead of Bankinter (1.76%), CaixaBank (1.49%), Unicaja (1.07%) and Banco Santander (0.73% ).

On the opposite side was Merlin (-3.11%, due to the ex-dividend effect), followed by Solaria (-2.98%), Colonial (-2.73%), Sacyr (-1.23%) , Acciona (-1.05%) and Acciona Energía (-0.99%).

Regarding the rest of the main European stock indices, London fell 0.34% in the mid-session, while Paris fell 0.34%, Frankfurt contracted 0.36% and Milan advanced 0.07% .

In the raw materials market, a barrel of Brent stood at $83.41, 0.17% higher, while West Texas Intermediate (WTI) reached $79.25, 0.01% lower.

The Spanish bond with a 10-year maturity was trading in the mid-session with a yield of 3.243%, up from 3.219% on Thursday. However, the risk premium fell one tenth, to 75.8 basis points.

In the foreign exchange market, the euro depreciated 0.22% against the dollar, reaching an exchange rate of 1.0843 ‘greenbacks’ for each unit of the community currency.