IBEX 35 index loses 9,900 points, affected by almost all its values, with Grifols losing 4%

IBEX 35 index loses 9,900 points, affected by almost all its values, with Grifols losing 4%

Multinational Grifols stock fell 4.05% on the stock market After the failure of the Millennium International Management fund to acquire a 0.53 stake in the pharmaceutical company, according to market data. After closing three consecutive positive days since last Friday and being an IBEX 35 company that rose this Tuesday by 0.99%, this Wednesday it was the fourth company to suffer losses in this index by reducing Type A shares by 0.364 euros, i.e. 4.05%, what Up to 8.62 euros.

In this manner, the Spanish Stock Exchange continued on the downward path, and after losing the 10,000-point mark on Tuesday, Wednesday closed down 1.26% to stand at 9867.8 points, affected by declines in Asia in the morning and investors' doubts about the first cuts in interest rates by central banks.

The team started strongly towards relegation (And it barely moved from those levels for the rest of the day) After learning in the morning that China's GDP in 2023 posted a 5.2% expansion for the full year, exceeding Beijing's official target of roughly 5% expansion and accelerating significantly from 3% growth In 2022, when the world's second-largest economy slowed due to measures implemented to contain Covid-19.

Regarding macroeconomic data, the annual inflation rate in the United Kingdom last December was 4%, a tenth higher than 3.9% in November, representing the first rise in prices in the second largest European economy since February 2023. In addition, the Office of Statistics Eurostat published a review of Eurozone inflation data for DecemberConfirming that it accelerated in the last month of 2023 to 2.9%, from 2.4% in the previous month, recording its highest reading since October.

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It is known in the United States that industrial production expanded in December by 0.1%.This contrasts with the recession recorded in the eleventh month of 2023, while retail sales in December recorded an increase of 0.6% compared to November, when consumption actually grew by 0.3%, which represents a continuation of the return to growth from the contraction of the index that was recorded since March. Thus, Wall Street indices also picked losses at closing time in Europe, awaiting the US Federal Reserve's (Fed) Beige Book this afternoon.

Indra and Melia, the only ones who closed in green

in this context, Indra only (+2.69%)Motivated by the statements of the Spanish Prime Minister in favor of strengthening the defense industry, Melia Hotels (+0,95%)In view of the good tourism prospects, Successfully logged out with progressWhile Solaria emerged on the losing side (-6.08%). Actions (-4.77%); Accessona Energia (-4.47%); Grifols (-4.05%); Colony (-3.31%) and Enna (-2.77%).

European stock markets closed with setbacks around the 1 level%: Milan minus 0.79%; Frankfurt 0.84%; Paris 1.07% and London 1.48%. At the time of the close on the Old Continent, the price of a barrel of high-quality Brent oil, the benchmark for the Old Continent, fell by 1.53% to $77.1, while the price in Texas was at $71.63, down 1.05%.

In the foreign exchange market, the euro fell by a tenth against the dollar, reaching $1.0863, while in the debt market, the required interest on Spanish 10-tier bonds closed at 3.242% after adding seven basis points, with a risk premium. (The spread with the German bond) is 93 points.

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