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The Ibex 35 rises 0.4% at midday and reaches the level of 10,200 points

MADRID, 5 Dic.

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The Ibex 35 rises 0.4% at midday and reaches the level of 10,200 points


The Ibex 35 extended the opening increases at midday and registered a rise of 0.4%, reaching 10,218.5 points, a level it had not reached since mid-May 2018.

The Spanish selective, in addition to its European counterparts, is encouraged by the statements of Isabel Schnabel, from the hard wing of the European Central Bank (ECB), in which she pointed out that a rise in interest rates at the meeting of the Council of the next week seems "quite unlikely."

In addition, this Tuesday it was learned that the General Industrial Production Index (IPI) of Spain rose 0.9% year-on-year last October, a rate 4.8 points higher than that of September, as reported this Tuesday by the Institute National Statistics Office (INE). With the rebound in October, industrial production returns to positive territory after having had four months of negative year-on-year rates.

For its part, eurozone private sector activity contracted in November for the sixth consecutive month, although at a less intense pace than in previous months, which led companies to destroy jobs for the first time since January 2021, according to The Composite Purchasing Managers' Index (PMI) prepared by S

The four largest economies in the euro zone recorded contractions in business activity in November, while in Spain (49.8 points) total activity in the private sector contracted for the first time since last August.

On the other hand, the Spanish Public Treasury has placed 3,977.3 million euros in 6 and 12 month bills this Tuesday, in the expected mid-range, and has done so by cutting the profitability offered to investors in both references, according to the data published by the Bank of Spain.

In Asia, the stock markets closed this morning with losses of 1% after Moody's downgraded the outlook for China's 'A1' rating to negative; while this afternoon investors will be awaiting the data on new job vacancies (JOLTS) -in addition to activity data-, which serves as a "thermometer for the US labor market", according to Banca March experts.

In the middle section of the negotiation, the biggest increases within the Ibex 35 were recorded by Merlín (2.8%), Colonial (2.27%), Ferrovial (1.26%), Iberdrola (1%) and Banco Santander (0.97%).

On the contrary, the most pronounced declines were recorded by IAG (-1.68%), Acciona Energía (-0.86%), BBVA (-0.55%) and Endesa (-0.54%).

The majority of European stock markets were opting for increases at midday: Milan added 0.12%; Paris 0.33% and Frankfurt 0.35%, while London subtracted 0.56%.

At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.4%, to 78.35 dollars, while Texas stood at 73.36 dollars, 0. 44% more.

In the currency market, the price of the euro against the dollar stood at 1.0824 'greenbacks', while the interest on long-term Spanish debt fell to 3.316% after subtracting just over four basis points. and the risk premium (the differential with the German bond) remained at 100.7 points.