MADRID, 24 May. (EUROPA PRESS) –
The Ibex 35 managed to recover 8,600 points by moderating its fall to 0.12% in the mid-session on Tuesday, in a context marked by the World Economic Forum in Davos and by the losses in the Asian stock markets.
On the other hand, it has been known that the growth of the activity of the private sector in the euro zone has remained at a good pace in the month of May, according to the advance data of the Composite Purchasing Managers’ Index (PMI), which fell to 54.9 points from 55.8 in April, its worst reading in the last two months, but which suggests an expansion of GDP in the eurozone of 0.6% in the first two months of the second quarter, which would allow the Bank European Central Bank (ECB) focus on controlling inflation.
In this scenario, the Ibex 35 was trading at 8,615.1 points after twelve noon, with Sabadell (2.68%), Telefónica (1.68%), CaixaBank (1.54%), Bankinter (1.15 %), Santander (1.14%), Merlin (1.04%), Arcelormittal (0.98%) and BBVA (0.57%) at the head of the promotions.
On the contrary, the highlights were the falls of Naturgy (-2.27%), Endesa (-2.03%), Iberdrola (-1.97%), IAG (-1.93%), PharmaMar (-1.37 %) and Solaria (-1.37%).
The rest of the European stock markets were also trading in ‘red’ in the mid-session on Tuesday, with declines of 0.32% in London, 0.99% in Paris, 0.83% in Frankfurt and 0.6% in Milan.
The price of a barrel of Brent crude, a reference for Europe, stood at 112.91 dollars, with a decrease of 0.45%, while a barrel of WTI oil, a reference for the US, fell 0. 49%, to $109.75.
Finally, the price of the euro against the dollar stood at 1.0718 ‘greenbacks’, while the Spanish risk premium stood at 113 basis points, with the interest required on the ten-year bond at 2.122%.