this IBEX 35 started the session this Friday with 0.27% gainswhich makes it over 7,820 points day celebrated with the release of new business results With other macro data of interest to investors, such as the GDP of the United States and China, such as Citigroup, Wells Fargo and BlackRock.
asian giant reduced its annual growth to 0.4% in the second quarter of the yearCompared to 4.8% in the previous quarter, it registered negative quarterly growth of 2.6% due to the restrictions caused by the ‘Zero Covid’ policy that caused the city of Shanghai to be closed for several weeks.
The Madrid selector started the session with 7,827 integers this Friday, in a context that continues to be characterized by high inflation, Russia’s fear of an economic slowdown due to gas cuts in Europe, the recent decline in crude oil prices, and the euro’s weakness against the dollar. The single currency is still on the verge of parity despite falling below the ‘dollar’ for the first time in 20 years this week.
Like Madrid, the main European markets also woke up in the fifth session of the week with timid developments, with gains of 0.3% in Frankfurt and almost 0.1% in Paris, London and Milan.
Within the Ibex 35, almost all values were trading positively in the early stages of the session. The earnings were followed by Grifols (+0.94%), followed by Acciona and Sacyr (+0.74), CaixaBank (+0.61) and ACS (+0.47).
At the other extreme were ArcelorMittal (-1%), IAG (-0.39%) and Bankinter (-0.30%), with single decreases in selector.
On the other hand, the price of Brent quality oil a barrel, which is a reference for the Old Continent, was trading at $98.87, 0.2% less, and remained below $100 at 9:10 a.m., while Texas was at 95.25. The dollar is down 0.6%.
In the foreign exchange market, The euro continued to weaken against the dollar and was trading at 1.0013 ‘dollar’. So far this year, the single currency has accumulated close to 12% depreciation against the dollar, as a result of fears that the eurozone will fall into a recession.
In the debt market, the Spanish risk premium was around 121 basis points at the stock market opening and the required yield on the ten-year bond was 2.283%.