Madrid, June 18 (EFECOM).- The Spanish stock market increased its gains at midday and managed to remain above the level of 11,000 points with an increase of 0.68% thanks to the advance of the European markets and most of the large values , according to market data
The main indicator of the Spanish stock market, the IBEX 35, gained 74 points, that is 0.68%, up to 11,033.5 points. In the year it accumulates an increase of 9.22%.
The euro fell 0.13% and was trading at 1.072 euros. Of the large European squares, Milan rose 1.09%; London 0.43%, Paris 0.4% and Frankfurt 0.38%.
After starting the day with a rise of 0.5% and above 11,000 points, the Spanish stock market would descend from that level and would end up incurring losses an hour and a half after opening, which was influenced by the change in trend of futures on US indices.
The start of the session had been conditioned by the advance of the European stock markets, by the bullish closing of the New York stock market on Monday (the Dow Jones Industrial Index 0.49%, the S&P 500 0.77% and the Nasdaq Composite 0.95%).
In addition, increases predominated in Asia: Tokyo gained 1% after the Bank of Japan said it could raise interest rates next month and with the help of technology companies; Seoul 0.72% and Shanghai 0.48%. Hong Kong fell 0.11% at this time.
However, the stock rebounded and approached 11,050 points with a rise of 0.8% with the support of almost all major stocks.
This rebound was consolidated despite the fact that investment confidence in Germany worsened slightly this month (ZEW index) and that the final CPI for May in the euro zone rose two tenths, to 2.6%.
Of the large values, only Telefónica fell 4.21% (the biggest drop on the IBEX) when trading ex-dividend, while Repsol advanced 1.5% (the fourth biggest rise on the IBEX); BBVA 1.08%; Banco Santander 0.94%, Iberdrola 0.67% and Inditex 0.52%.
Caixabank presided over the IBEX increases by gaining 2.28%; Ferrovial gained 2.08%, IAG 1.61%, with Repsol next and then Merlín Properties (1.43%).
Only five IBEX companies fell: after Telefóinca was Grifols (-2.84%); Acciona Renovables lost 2.73%; Rovi 2.24% and Solaria 0.41%.
Securities worth 170 million euros had been traded on the continuous market. Adolfo Domínguez presided over the list of bullish companies (4.21%) and Prisa the opposite relationship (-4.42%).
US retail sales and industrial production for last month will be released this afternoon.
The interest on long-term Spanish debt fell by just over one hundredth, to 3.295%. The risk premium with Germany fell to 86.6 basis points.
A barrel of Brent oil lost 0.15% to $84.32.
The troy ounce of gold fell 0.3% and was exchanged at $2,311.
Bitcoin depreciated 1.43% and was trading at $65,433. EFECOM
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