The Spanish stock market rises 0.25% and remains above 11,350 points

The Spanish stock market rises 0.25% and remains above 11,350 points
The Spanish stock market rises 0.25% and remains above 11,350 points

Madrid, May 20 (EFECOM).- The Spanish stock market rises 0.25% this afternoon and remains above 11,350 points, in a session with few macroeconomic and business references, and the expectation that next Wednesday the Federal Reserve (Fed) give some clue as to how its monetary policy is going to go.

At 12:00 p.m. this Monday, the IBEX 35 added 26.1 points, 0.25%, and stood at 11,354 points.

So far this year, the IBEX has gained 12.42%.

This afternoon the Frankfurt stock markets also rose, with 0.40%; Paris, with 0.38%; and London, with 0.25%; while Milan, in line with the opening, lost 1.41%

For its part, the Euro Stoxx50, an index in which the largest capitalization European companies are listed, is up 0.13%.

In Asia, the Tokyo stock market closed this Monday with a gain of 0.73% in its main indicator, the Nikkei; as did the Shanghai Stock Exchange benchmark index, which gained 0.54%; the Shenzhen stock market, 0.43%; and the Hong Kong stock market benchmark index, the Hang Seng, 0.42%.

Wall Street futures advance slight gains, which are 0.03% for the Dow Jones Industrial Average, 0.14% for the S&P 500 and 0.21% for the Nasdaq.

Last Friday, the New York stock market closed in mixed territory, and the Dow Jones Industrial Average, its main indicator, once again exceeded 40,000 points – a barrier that it briefly surpassed on Thursday, before closing – and thus chained five consecutive weeks of increases.

In the IBEX 35, the biggest increase at midday is for Enagás, with 1.85%; followed by Caixabank, with 1.49%; Acciona, with 1.47%; and Repsol, with 1.31%.

At the opposite extreme, leading the falls, is ACS, which lost 0.70%; BBVA, with 0.66%; Ferrovial, with 0.55%: Cellnex, with 0.51%; and Acerinox, with 0.38%.

In the continuous market, the biggest increases are for Tubacex, with 5.81%; and Grifols type B shares, with 2.57%.

At the head of the IBEX losses is Bodegas Riojanas, with 4.52%; Nyesa, with 4.17%; and Nueva Expresion Textil, with 2.56%.

At a geopolitical level, interest is focused on the death of the Iranian president, Ebrahim Raisi, and the impact that this may cause on the price of crude oil at the OPEC+ meeting on June 1.

Brent crude oil, the benchmark in Europe, fell 0.36% to $83.70 per barrel; while West Texas Intermediate (WTI), that of the US, remains stable at $79.99, before the official market opening.

Gold continues to rise more than 1% at this time and the price per ounce stands at $2,442; while silver has hit its highest since 2012 and is now at $31.9.

Bitcoin, the best-known cryptocurrency on the market, rose 1.46% to $67,241.

The euro is stable against the “greenback” and is trading at 1.0873 dollars.

mlm/jmj

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