What does the Ibex 35 do?
The Ibex 35 is trading practically in a draw, after rising 0.99% yesterday and recovering the level of 11,000 points thanks to the advance of most of the large values.
What values rise or fall the most?
The values that rise the most:
Indra: 1.2%
Amadeus: 0.8%
Repsol: 0.7%
The values that fall the most:
Colonial: -4.2%. The price today discounts the dividend that the company will pay on Friday and whose amount is 0.27 euros.
Solaria: -1.7%. Bestinver has lowered the recommendation to sell and the target price to 10.50 euros.
Sacyr: -0.6%
What do the rest of the stock markets do?
Mixed sign today in the main Asian indices. The Nikkei rose 0.2%, Hong Kong’s Hang Seng gained 1.8% and the Shanghai Composite fell 0.3%.
Wall Street ended last night with a mixed sign: the Dow rose 0.04%, the S&P added 0.18% and the Nasdaq was stable after six consecutive record closings, in a session in which it was known that retail sales in The US increases less than expected in May. Today the American stock exchanges remain closed for the Juneteenth celebration.
Keys of the day
- Following weaker-than-expected US retail sales data, markets slightly increased their bets on two Federal Reserve interest rate cuts this year, LSEG’s FedWatch showed. New York Fed President John Williams said rates will gradually lower over time, while Thomas Barkin of the Richmond Fed said he needed more months of economic data before supporting a rate cut. rates.
- Consumer confidence in Spain is published. In Europe, April’s current account balance in the eurozone stands out.
- The UK consumer price index (CPI) fell to 2% last May, compared to 2.3% in April this year, thus reaching the target set by the Bank of England for the first time in almost three years. The National Statistics Office (ONS) reported this Wednesday.
- In the US, data are expected on the evolution of the real estate sector in the month of May and weekly mortgage applications.
What do the analysts say?
Yves Bonzon, CIO of the Swiss private bank Julius Baer, explains that while the economy is returning to normal, the debate on monetary policy is increasing. “An economy with normalized interest rates of 5% in the US and 4% in Europe can continue to grow without problems,” he says. Regarding the decisions of the central banks, he underlines his skepticism regarding the idea that the Fed “is on very restrictive ground” and assures that “the G7 central banks have managed to get rid of zero or even zero interest rates.” negative, and in no case do they want their return.”
From Generali Investments they point out that the good results, the valuations higher than those recorded historically, Nvidia are the main topics that investors want to comment on, with a subsequent question about whether the sector still has an upward path from now on. “Our answer is simple: we believe that the sector still has a significant upward path and we would take advantage of any weakness as a buying opportunity. Because? We’re coming off one of the worst 18-month stretches for tech fundamentals since the great financial crisis of 2008. With significant negative earnings revisions behind us, we think we can expect a strong cyclical recovery in tech, even forgetting the hype around AI.”
What is the evolution of debt, currencies and raw materials?
The euro remains stable at $1.0736.
Brent oil, the benchmark in Europe, is above $85 a barrel.
The yield on the 10-year Spanish bond rises to 3.324%.
Quotes
STOCK EXCHANGE – CURRENCIES – DEBT – INTEREST RATES – RAW MATERIALS
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