What does the Ibex 35 do?
The positive sign returns to the parquets. The Ibex 35 advances 0.3% after losing 0.48% yesterday, although it managed to maintain the level of 11,000 points, in the absence of major references and awaiting macro data in the US, which will arrive on Friday, and of the election results in France on Sunday.
What values rise or fall the most?
The values that rise the most are:
Aena: 2.4%
Rovi: 1.3%
Grifols: 0.8%
Those who fall the most:
Acerinox: -0.6%
Iberdrola: -0.5%
Enagás: -0.5%
What do the rest of the stock markets do?
Mixed sign today in the main Asian indices. The Nikkei rose 1.2%, Hong Kong’s Hang Seng gained 0.2% and the Shanghai Composite fell 0.3%.
Wall Street closed yesterday on mixed ground a day in which the selective S&P 500 and the technological Nasdaq broke a three-session negative streak driven by Nvidia. The Dow Jones lost 0.76%, the S&P 500 rose 0.39% and the Nasdaq gained 1.26%.
Keys of the day
- Renta 4 analysts highlight, on the one hand, the trade tensions between Europe and China, as well as the statements of Jean-Philippe Tanguy, candidate for finance minister in France if Marinne Le Pen wins the elections, in which he indicated that will not allow the deficit to “get out of control” and thus commit to the European fiscal framework.
- In Europe, the GFK consumer confidence in Germany for the month of July is known, after the improvement in the consumer climate registered in June (-20.9 compared to -24.0 in May).
- Philip R. Lane, member of the Executive Board of the ECB, appears.
- International Airlines Group (IAG) is holding its Annual General Meeting for the 2023 financial year.
- Bankinter distributes a dividend of 0.1117 gross euros per share.
- In the US, the evolution of mortgage applications and the trend in new home sales are expected during the month of May.
What do the analysts say?
The concentration of the stock market around the “Magnificent 7” (Nvidia, Apple, Microsoft, Meta, Tesla, Amazon and Alphabet) has led their combined capitalization to represent 32% of the S&P 500, almost doubling from 17.4% in 2020. This phenomenon is not isolated, and is also reflected in other global indices. For the Portocolom AV securities agency, despite the financial solidity of these companies, there are associated risks, such as the high dependence on Artificial Intelligence and its high energy consumption, which could clash with efforts against climate change.
Simon Peters, expert analyst in crypto assets at the eToro trading and investment platform. Bitcoin experienced a wave of selling last week, resulting in a 5% drop. The trend has continued this week, with the price falling below the $60,000 level this Monday, before a small rebound. Currently, bitcoin is trading at $60,700. “Since hitting an all-time high in March following US spot price ETF approvals, bitcoin has been stuck in a trading range between $60,000 and $72,000. It should be noted that volatility or lateral movement in bitcoin prices is typical behavior after a halving event (halving of the reward per mined block), as the market and miners adjust to the lower reward. per block. However, there is some optimism for the coming months. “After years of high interest rates, central banks globally are beginning to lower interest rates and loosen financial conditions, which has generally been favorable for cryptocurrency prices.”
How are debt, currencies and commodities performing?
In the foreign exchange market, the euro depreciates slightly to $1.0711.
In the raw materials market, Brent oil, the benchmark in Europe, rises to $84.67 a barrel.
The yield on the 10-year Spanish bond falls 1% to 3.282%.
Quotes
STOCK EXCHANGE – CURRENCIES – DEBT – INTEREST RATES – RAW MATERIALS
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