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The Ibex loses 0.46% this Wednesday, but maintains 11,000 points

MADRID, 24 Abr.

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The Ibex loses 0.46% this Wednesday, but maintains 11,000 points


The Ibex 35 fell 0.46% in this Wednesday's session, reaching 11,027.8 points, in a day marked by the publication of business results from Iberdrola or Dominion and the IFO business confidence survey in Germany .

Before the market opened, it was known that Iberdrola obtained a net profit of 2,760 million euros in the first quarter of the year, which represents an increase of 85.8% compared to the 1,485 million euros in the same period of 2023. driven by the million-dollar capital gains recorded with the sale of assets in Mexico. The energy company closed the session falling 0.09%.

For its part, Dominion obtained a net profit of 7.3 million euros in the first quarter, a figure 40% lower than the profits of 12.1 million euros in the same period of 2023.

At the 'macro' level, the confidence of German businessmen stands out, which has improved in April for the third consecutive month, as reflected in the index prepared by the Munich Economic Research Institute (Ifo), which stood at 89.4. points from 87.9 the previous month, its highest reading since May of last year.

Renta 4 analysts highlighted, before learning about the improvement in the German IFO, that this data would add to the "good tone" shown yesterday by the eurozone PMIs, which stood at their highest levels in the last eleven months, driven by the improvement of services and despite the weakness in manufacturing, especially in Germany and France.

"The current PMI levels suggest that the European economy would be leaving stagnation and could grow around 0.3% in the second quarter, although we will also have to take into account the possible upward pressure on inflation due to the good times of the services, the sector from which the main price tensions come," explain the firm's experts.

In this way, in this Wednesday's session Fluidra stood out (2.36%), followed by Acerinox (1.52%), Meliá (1.50%), Indra (0.99%), or Naturgy (0 .84%).

On the opposite side were Grifols (-3.26%), Cellnex (-2.45%), Acciona Energía (-2.37%), Inditex (-1.82%), Acciona (-1.20%) and Rovi (-1.06%).

The evolution of the Ibex has not been isolated, the rest of the main European stock indices have also fallen. The British FTSE 100 has fallen 0.06%; the French CAC 40, 0.17%; the German DAX, 0.27%; and the Italian FTSE MIB, 0.27%.

At the close of the European session, oil was trading with a decrease of 0.52%, to $87.93, while West Texas Intermediate (WTI) fell to $82.70, 0.80% less.

In the debt market, the yield on the Spanish bond maturing in 10 years stood at 3.383%, from 3.275% at Tuesday's close. In this way, the risk premium against German debt stood at 79.6 basis points, 2.3 points more.

In the foreign exchange market, the euro was trading at the close of the European session with a fall of 0.15% against the dollar, reaching an exchange rate of 1.0685 'greenbacks' for each euro.