The Ibex 35 turns around and ends with a slight advance of 0.06%

MADRID, 24 May. (EUROPA PRESS) -

The Ibex 35 has managed to close in positive, with a slight advance of 0.06%, despite having traded in 'red' for almost the entire session, which has led it to maintain the level of 8,600 integers that it reached in the yesterday's session, in a context marked by the World Economic Forum in Davos and by the losses in the Asian stock markets.

On the other hand, it has been known that the growth of the activity of the private sector in the euro zone has remained at a good pace in the month of May, according to the advance data of the Composite Purchasing Managers' Index (PMI), which fell to 54.9 points from 55.8 in April, its worst reading in the last two months, but which suggests an expansion of GDP in the eurozone of 0.6% in the first two months of the second quarter, which would allow the Bank European Central Bank (ECB) focus on controlling inflation.

In this scenario, the Ibex 35 closed at 8,631.2 points with Telefónica (2.24%), Banco Sabadell (2.04%), Cellnex (1.80%), Acciona (1.62%), Banco Santander (1.53%) and CaixaBank (1.48%) lead the way.

On the other hand, the biggest falls were recorded by IAG (-4.79%), Amadeus (-3.29%), Meliá (-2.37%), Acerinox (-2.15%), Rovi (- 1.91%) and PharmaMar (-1.72%).

The rest of the European stock markets have closed in 'red', with declines of 0.39% in London, 1.66% in Paris, 1.80% in Frankfurt and 1.08% in Milan.

The price of a barrel of Brent crude, a reference for Europe, stood at 113.15 dollars, with a decrease of 0.26%, while a barrel of WTI oil, a reference for the US, fell 0. 77%, to $109.44.

Finally, the price of the euro against the dollar stood at 1.0739 'greenbacks', while the Spanish risk premium stood at 113 basis points, with the interest required on the ten-year bond at 2.109%.