The Ibex 35 rebounds 1.28% and reaches 10,200 points after the Fed minutes and employment data in the US

Bank securities once again register considerable advances

MADRID, 4 Ene. (EUROPA PRESS) -

The Ibex 35 closed this Thursday with an increase of 1.28%, which has allowed it to recover all the ground it lost the day before - when it fell 1.26% -, reaching 10,183.8 points, after having digested the minutes of the United States Federal Reserve (Fed) released yesterday with the European market already closed and employment data published this day in that same country.

The selective advanced in the opening until stabilizing slightly above 10,100 integers after learning yesterday that the Federal Open Market Committee (FOMC, for its acronym in English) of the Fed addressed in its last meeting the possibility of cutting interest rates throughout this new year. However, he also assured that it would be appropriate to maintain a restrictive tone "for some time" until inflation can be considered under control.

"The minutes make it clear that the Fed has changed its message, but they do not give clues as to when the cuts will begin. In our case, we think that the potential cuts could arrive in the second part of the year and, therefore, there will be many less than those that are pricing interest rate futures," Banca March experts have assessed in this regard.

In the afternoon, the Spanish indicator amplified the gains supported by the advances of Wall Street, whose indices rose by half a point at closing time in Europe, and after being published, according to the ADP employment report, which the private sector of The US generated 164,000 jobs in December, above what was expected by consensus and an acceleration compared to the 101,000 new jobs registered in the month of November.

On the other hand, this Thursday it was announced that the activity of Spanish companies expanded again in December, thanks to the boost from the services sector, which allowed the composite purchasing managers index (PMI) to reach 50.4 points, compared to to 49.8 the previous month.

The performance of the Spanish private sector stands out compared to the activity of companies in the eurozone as a whole, which maintained the rate of deterioration of the previous month in December, extending the contraction to seven consecutive months.

Back in the United States, the PMI index for the manufacturing sector in December prepared by the ISM has improved more than expected, although it remains in the contraction zone.

In the debt market, the Public Treasury has placed 6,891.8 million euros this Thursday in the first auction of bonds and obligations of the year, close to the maximum target of 7,250 million expected, although it has done so at lower returns.

Given this situation, the advances have been led by Grifols (3.32%), thanks to the improved outlook of Barclays; Banco Sabadell (2.84%); Endesa (2.6%); Bankinter (2.41%); Banco Santander (2.12%); Redeia (2.11%); Caixabank (1.93%); IAG (1.92%); Unicaja (1.83%); BBVA (1.68%); Iberdrola (1.65%); Sacyr (1.64%) and Telefónica (1.64%).

On the other hand, only four values ​​have closed with decreases: Solaria Energía (-1.59%); Acciona Energy (-1.22%); Cellnex (-0.17%) and Acerinox (-0.14%).

The positive evolution has been the common denominator in the European stock markets: The German DAX has added 0.48%; the French CAC 40, 0.52%; the British FTSE 100, 0.53%; and the Italian FTSE MIB, 1.01%. The Euro Stoxx 50 index, which includes the largest capitalization European companies, has increased by 0.58%.

Regarding raw materials, the Brent barrel futures contracts stood at $76.83 at closing time in the Old Continent, which represents a decrease of 1.81%, while the West Texas Intermediate (WTI ) fell to $71.42, 1.76% less.

The yield of the Spanish bond maturing in a decade has closed at 3.105% after adding ten basis points (that is, one tenth), while the risk premium (the differential with the German bond) has stood at 98 .4 points.

In the foreign exchange market, the euro appreciated 0.32% against the dollar, reaching an exchange rate of 1.0956 'greenbacks' for each unit of the community currency.