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The Ibex 35 lost 0.5% at the opening, but maintained 11,000 points, with CaixaBank as the 'red lantern'

MADRID, 30 Abr.

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The Ibex 35 lost 0.5% at the opening, but maintained 11,000 points, with CaixaBank as the 'red lantern'


The Ibex 35 opened today with a fall of 0.50%, standing at 11,044.6 integers, waiting to know the inflation data in the eurozone and with CaixaBank as the 'red lantern' after presenting its first quarter results .

Today's session is marked, above all, by the publication of April CPI data in the eurozone. The market expects its general rate to be 2.4%, according to Renta 4 analysts, while the underlying rate would be 2.6%.

In general, Renta 4 analysts point out that the CPI data show that the 2% inflation target, which central banks seek, will have "potholes" and that it will be difficult to travel "the last mile."

However, they do not believe that the expectations of a first rate cut, of 25 basis points, by the European Central Bank (ECB) on June 6 will be modified, although from that first cut, the data and the The path taken by the United States Federal Reserve (Fed) will determine the amount of the total reduction in 2024. For the moment, Renta 4 maintains its expectation of four cuts from the ECB compared to the three expected by the market.

Likewise, this Tuesday the preliminary GDP data for the first quarter in the eurozone will be published, which Renta 4 experts predict will show a growth of 0.2%, compared to the 0.1% increase in the previous period.

The GDPs of Germany, France and Italy will also be known, as well as in Spain, whose publication coincides with the opening of the stock market. Thus, it has been known that the Spanish economy grew by 0.7% in the first quarter of the year, the same as in the previous quarter, and accelerated its year-on-year growth by three tenths, up to 2.4%.

Today, in addition, business results in Spain have continued, with the publication of two large banks: Santander has reported that it obtained an attributable profit of 2,852 million euros in the first quarter of 2024, 11% more in current euros compared to to the same period of the previous year, while CaixaBank closed the first quarter of the year with an attributable net profit of 1,005 million euros, 17.5% more than in the same period last year.

On the other hand, the National Securities Market Commission (CNMV) has lifted the suspension of trading of Applus shares with effect from 9:00 a.m. this Tuesday.

In this context, the largest increases were those of Endesa (0.85%), Logista (0.62%), Solaria (0.36%), Rovi (0.30%) and Acciona (0.27%). On the other hand, CaixaBank lost 2.38%, followed by Santander (-1.66%), Unicaja (-1.31%), ArcelorMittal (-1.08%) and Fluidra (-0.84%). .

On the opposite side was Inditex, which fell 3.24%, affected by the ex-dividend effect. They were followed by Rovi (-2.71%), Banco Santander (-2.06%, also affected by the ex-dividend effect), BBVA (-0.77%), Indra (-0.38%) and Amadeus ( -0.30%).

The evolution on the main European stock markets was mixed, with a rise of 0.14% in Milan and 0.09% in London, while Paris fell 0.29% and Frankfurt, 0.24%.

At the opening, a barrel of Brent was trading with a decrease of 0.20%, to $88.22, while West Texas Intermediate (WTI) was at $82.41, 0.25% less.

In the debt market, the yield on the Spanish bond with a 10-year maturity stood at 3.297%, while the risk premium against German debt stood at 76 points.

In the foreign exchange market, the euro depreciated 0.15% against the dollar at the close of the European stock market session, reaching an exchange rate of 1.0705 'greenbacks' for each unit of the community currency.