Grifols once again leads IBEX 35 gains as it approaches 10,000 points awaiting ECB

Grifols once again leads IBEX 35 gains as it approaches 10,000 points awaiting ECB

The IBEX 35 index closed on Wednesday up 1.16% to 9,974 points.Awaiting tomorrow's ECB monetary policy meeting, from which investors will expect a new pause on interest rates – they will remain at 4.5% – and above all, clues about when they will be cut. .

The Spanish team, in a week in which it behaves like a pendulum (Monday rose by 1%, yesterday it fell by the same amount and today repeats the data positively), chose this Wednesday since the opening of the season. The uptrend is driven by the vast majority of its values ​​- only five of which closed negative – After the market receives a set of macroeconomic data.

Regarding the European Central Bank's decision, Bank of America experts indicated that they do not expect changes in monetary policy or in communications, however “Yes, the ECB is more hesitant towards the cuts expected” by the market. Likewise, results season in Spain accelerates tomorrow thanks to Bankinter.

In the “macro” section, the composite PMI, compiled by S&P Global and Hamburg Commercial Bank, reflects this The deterioration in private sector activity in the euro area eased in January It stands at its highest level in six months, despite inflationary pressures resulting from tensions in the Red Sea.

In contrast, the same indicator, but with reference to US activity in January, It has expanded its difference in the vast terrain thanks to the improvement of the service sector Especially regarding the improvement of the manufacturer, which has moved from contraction to expansion territory.

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In other geographical areas, The People's Bank of China (BPC) decided this morning to reduce the cash reserve ratio required for institutions by 50 basis points. The country aims to “promote and improve the positive trend of economic recovery.” The reduction in the lending rate will take effect on February 5 and will represent an injection of liquidity into the market worth one trillion yuan (129.28 billion euros), as announced by the Governor of the Central Bank of China, Pan Gongsheng, in press statements. conference. This prompted a 3.56% rise by Hong Kong's Hang Seng Index.

And in business, this morning found out Apollo has signed contracts to acquire 21.85% of ApplusRaising the price of OPA to 10.65 euros per share; In addition, Wednesday witnessed the launch of the new edition of the International Tourism Fair (VITOR), which will take place from Wednesday, January 24, to Sunday, January 28, at IFEMA Madrid, and will witness a large attendance of travel. Agencies, tour operators and employers.

in this context, Grifols led the IBEX 35's gains with a 5.63% rise, followed by IAG (+3.4%). Colonial (+2.91%), Mapfre (+2.69%), Solaria (+2.55%), ArcelorMittal (+2.03%), Bankinter (+2.03%), Fluidra (+1.98%) and Inditex (+1.75%). On the other hand, only five stocks closed trading with losses: Acerinox (-1.63%), affected by the impact of “ex-earnings”, Naturgy (-0.54%), Acciona Energía (-0.49%), Telefónica (-0.18). %) and Enagas (-0.07%).

The dynamism of Parque Madrid was shared with the rest of the major European capitals: London shares rose 0.56%; Milan, 0.87%; Paris by 0.92% and Frankfurt by 1.58%. At the close on the Old Continent, in the commodity market, Brent crude reached $80.62 per barrel, up 1.35%, while West Texas Intermediate crude advanced 1.86%, rising to $75.73.

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The performance of the Spanish 10-year bonds closed at 3.255% after subtracting one basis pointWhile the risk premium (the spread with German bonds) reached 91.5 points. In the foreign exchange market, awaiting the decision of the “Euro Guardian”, the euro rose by 0.4% against the dollar, reaching an exchange rate of 1.0897 “dollars” per unit of the community currency.

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