The Ibex 35 closes the week at 8,900 points and reaches its highest since November 2021

MADRID, 27 May. (EUROPA PRESS) -

The Ibex 35 has closed the week with a revaluation of 5.3%, above 8,900 integers and at its highest since November 2021, so that it has registered a better performance than the rest of the main European selective, only surpassed by the Portuguese index.

Specifically, the Madrid selective, which has rebounded 0.5% on Friday, has achieved its highest weekly revaluation since mid-March and closed at 8,933.6 integers, its highest record since November 17, 2021 .

The markets of Europe have also registered increases, driven mainly by the financial sectors and renewable companies, as well as the United States, with the Dow Jones up close to 4% at the beginning of the session in the American market.

"Neither the bad PMI data nor the greater aggressiveness of central banks have prevented equities from finding technical support in their price," said XTB analyst Darío García.

Within the Ibex 35, practically all the companies ended the week positive, although the double-digit increases of Banco Sabadell, Banco Santander and Acerinox stand out, while Red Eléctrica and Mapfre closed 'in the red', with slight corrections below the 0.1%.

In the commodity market, the agricultural ones are the ones that correct the most in the week, especially wheat and corn, although the 'red lantern' is aluminium. The XTB analyst explains that the falls in the industrial metal are behind the increases in the steel sector on the Ibex 35.

Natural gas leads the rise in the energy products market, with an advance of 6.5%, while the barrel of Brent remains below 115 dollars per barrel.

On the other hand, the statements this week by the president of the European Central Bank (ECB) indicating the possibility that the first rate hike in the eurozone will take place in July, while in September they would be placed in positive territory, has led to the euro to go up in its crossing with the dollar, exceeding 1.07 dollars per euro, which implies a weekly revaluation of 1.4%.

For the coming week, investors will be aware of the publication of the Beige Book of the Federal Reserve (Fed) of the United States, as well as the manufacturing and services PMIs. The CPI data for May in Spain, Germany and France will also be published.

In the United States, the consumer confidence index, ADP employment data, the unemployment rate and non-farm payrolls will be known. In addition, the Bank of Canada could apply a rate hike of 50 basis points, to 1.5%.

In the session this Friday, the Ibex 35 has advanced 0.5%, chaining its sixth consecutive rise. The increases were led by Acerinox, with a revaluation of 6.90%, followed by ArcelorMittal (3.22%), Inditex (2.96%), Fluidra (2.51%), CIE Automotive (2.27%) , Rovi (2.08%), IAG (1.91%) and Amadeus (1.72%).

On the other hand, the biggest falls have been registered by Mapfre (-3.69%), although its shares were trading today without the right to receive the dividend that it will distribute on May 31; Sabadell (-2.94%), Acciona (-2.69%), Red Eléctrica (-1.77%), Enagás (-1.63%) and CaixaBank (-1.35%).

The rest of the main European stock markets have also registered rises, 0.27% in London, 1.64% in Paris, 1.62% in Frankfurt and 0.37% in Milan.

The price of a barrel of Brent crude oil, a reference for Europe, stood at 118.29 dollars, with an advance of 0.76%, while a barrel of WTI oil, a reference for the US, rose 0. 21%, to $114.32.

Finally, the price of the euro against the dollar stood at 1.0708 'greenbacks', while the Spanish risk premium stood at 107 basis points, with the interest required on the ten-year bond at 2.027%.