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The Ibex loses 0.51% in the middle of the session and fights for 11,100 integers regardless of Sánchez's continuity

MADRID, 29 Abr.

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The Ibex loses 0.51% in the middle of the session and fights for 11,100 integers regardless of Sánchez's continuity


The Ibex 35 fell 0.51% at mid-session and was fighting for the level of 11,100 integers, standing at 11,095.3 integers at 12:00 p.m., after learning of Pedro Sánchez's decision to continue as head of the presidency of the Government after five days of reflection following the judicial investigations into his wife, Begoña Gómez.

Aside from Sánchez's decision, investors are awaiting business results this day, including those of BBVA and Unicaja, whose shares continued to lead the selective's gains, with an increase of 4.35%.

Specifically, the bank has announced a net profit of 111 million euros in the first quarter, which represents tripling the results of the same period in 2023, and this despite having recorded in its accounts an impact of 78.6 million euros. euros for the temporary banking tax.

BBVA, which fell 2.05% in the middle of the session, has also reported that it obtained an attributable net profit of 2,200 million euros in the entire first quarter of 2024, which represents an increase of 19.1% compared to the same period last year.

Continuing with business results, Prosegur Cash has reported profits of 17 million euros until March, 32% more, while Línea Directa earned 10.1 million euros, compared to losses of 5.3 million euros.

Likewise, the CNMV has once again provisionally suspended the trading of Applus shares due to "circumstances that could disrupt the normal development of operations in the aforementioned financial instruments."

At the 'macro' level, Spain's CPI was known, which rose 0.7% in April in relation to the previous month and raised its interannual rate by one tenth, to 3.3%, due to the increase in the price of gas and of food.

One of the most important references of the week for the markets will be the US Federal Reserve (Fed) rate meeting, which will be held on Wednesday, May 1, the date on which Labor Day is celebrated in countries such as Spain, Germany or the United Kingdom.

At mid-session, the biggest gains were recorded, along with Unicaja, Naturgy (2.31%), Acciona (1.56%), Corporación Acciona Energía (1.4%), Grifols (1.05%) and Acerinox (0.89%), while on the opposite side were Rovi (-2.88%), Inditex (-2.05%), Santander (-1.99%) and BBVA (-2.05%) .

The rest of the European stock markets recorded losses of 0.1% for Frankfurt, while Paris gained 0.1% and London, 0.4%.

Likewise, a barrel of Brent stood at $87.89, 0.35% less; while the West Texas Intermediate (WTI) fell to $83.61, 0.3% less.

The yield on the Spanish bond with a 10-year maturity closed the week at 3.300%. In this way, the risk premium against German debt stood at 78 basis points.