MADRID, 5 Ago. (EUROPA PRESS) -
The Ibex 35 has closed the first week of August with an advance of 0.14% and consolidating itself at 8,100 integers, which means that the selective Madrid chain already has three positive weeks.
The XTB analyst, Joaquín Robles, highlighted that the 8,000 points have become "one of the most relevant supports" for the index and it has only temporarily lost them in March with the start of the war in Ukraine and in early July before the change of position of the central banks. "The progressive economic deterioration has been overshadowed by US business results and employment data," he added.
The expert highlighted the behavior of banks in the Madrid selective, which has led the increases due to the prospect of new rate hikes, although the threat of an economic slowdown has not dissipated and continues to be an element of pressure for the prices of the companies.
Robles also highlighted the tensions generated between the United States and China, after the visit to Taiwan of the president of the United States House of Representatives, Nancy Pelosi.
"China sent warships for the first time in a long time and announced that it will paralyze negotiations with the United States on labor, defense and climate change. This situation could stop the intention of US President Joe Biden to eliminate tariffs worth 300,000 million dollars with the aim of smoothing out inflation," explains the analyst.
Among the references for this Friday, the employment report in the United States stands out. The US economy created a total of 528,000 new non-agricultural jobs in July, double the number expected by the market consensus, while the unemployment rate fell by one tenth, to 3.5%. In this way, both non-agricultural employment and the unemployment rate have returned to their pre-pandemic levels of February 2020.
Robles pointed out that this is "good news", since it could help achieve the "long-awaited soft landing" for the US economy, although it could also provide new reasons for the Federal Reserve (Fed) to raise rates again by 75 basic points. The key will be in the inflation data for July, which will be known next week.
Next week there will also be CPI data for China, revised inflation data for Europe and GDP for the UK.
In the session this Friday, the Ibex 35 closed with a slight rise of 0.08%, reaching 8,168.00 integers. The advances of Sabadell (4.33%), CaixaBank (3.01%), Acciona (2.10%), Solaria (1.76%) and Acerinox (1.74%) stood out. On the other hand, negative figures were recorded by Cellnex (-3.23%), Naturgy (-2.65%), Colonial (-1.61%), Amadeus (-1.47%), Ferrovial (-1.44 %) and Acciona Energy (-1.23%).
Naturgy announced a delay in the publication of its results for the first half of this year, which was scheduled for this Friday, until August 11, due to the notification today of a contrary court ruling received by its investee Metrogas due to the conflict that has been open for years due to the cessation of shipments of Argentine natural gas.
Specifically, Metrogas, a Chilean company in which Naturgy has a 55.6% stake, received a first-instance conviction on a series of lawsuits filed by the Argentine Transportadora de Gas del Norte (TGN), which originated in the year 2009, when Argentina stopped supplying gas to Chile due to decisions unrelated to the energy company's own subsidiary.
As for the rest of the European stock markets, they closed the session this Friday in negative, as opposed to the Ibex 35. London lost 0.11% in the session this Friday, Paris, 0.63%, Frankfurt, 0, 65% and Milan, 0.26%.
The price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 95.63 dollars, with an increase of 1.59%, while Texas stood at 89.9 dollars, which represents a 1.6% rise
Finally, the price of the euro against the dollar stood at 1.0169 'greenbacks', while the risk premium stood at 109 basis points and the return on the ten-year Spanish bond was set at 2.023%.