The Ibex maintains its 'rally' and closes on Monday at 9,840 points

MADRID, 20 Nov. (EUROPA PRESS) -

The Ibex 35 has continued the bullish 'rally' that began last week until closing this Monday's session with an increase of 0.80%, to 9,839 points, which is why it still remains at its highest level since February 2020 , just before the Covid-19 pandemic spread across Europe.

The week has started with the formation of the new Government of Pedro Sánchez, who has reported on the ministers who will occupy the different portfolios, largely maintaining the economic team that he had in the previous legislature.

In the macro field, the prices of industrial production in Germany in October have been known, which have fallen by 11% year-on-year and 0.1% compared to the previous month.

On a business level, before the opening of the stock market, Endesa informed the National Securities Market Commission (CNMV) that it will have to pay about 570 million dollars (about 530 million euros) due to an arbitration award against it issued by the International Court of Arbitration of the International Chamber of Commerce (ICC) for the review of the price of a long-term supply contract for liquefied natural gas (LNG).

On the other hand, this week investors will be awaiting the publication of the manufacturing PMIs in Europe and the United States, the Ifo business survey in Germany and the minutes of both the last meeting of the Fed and the European Central Bank.

In this context, Cellnex rose by 3.47%, followed by Inditex (1.88%), Banco Sabadell (1.82%), Meliá (1.77%), Bankinter (1.54%) and CaixaBank (1 .31%).

On the opposite side, only five values ​​closed the session 'negative': Endesa (-0.84%), Sacyr (-0.40%), Redeia (-0.33%), Ferrovial (-0.17%) and Logista (-0.09%).

In the rest of Europe, the evolution has been mixed this Monday. London and Frankfurt have fallen by 0.11% in both cases, while Paris has advanced by 0.18% and Milan has risen by 0.15%.

In the raw materials market, a barrel of Brent stood at $82.78 at the close of the European trading session, up 2.72%, while West Texas Intermediate (WTI) reached $77.82, up 2.72%. 2.54% more.

Regarding debt, the yield in the secondary markets of the Spanish sovereign bond with a maturity of 10 years has stood at 3.603%, compared to the 3.596% registered at the close of Friday. In this way, the risk premium against German debt stood at 99.1 basis points, 1.8 points less than on Friday.

In the foreign exchange market, the euro appreciated 0.26% against the dollar, reaching an exchange rate of 1.0944 'greenbacks' for each euro.