The Ibex is boosted 3.1% in May and recovers what was lost in the year

MADRID, 31 May. (EUROPA PRESS) -

The Ibex 35 has fallen by 0.89% and has moved away from 8,900 points in the session on Tuesday, although it has recorded a rise of 3.11% in May that has allowed it to recover the losses recorded in the year .

The Spanish selective started 2022 signing three consecutive months of declines, due to the escalation of inflation and the invasion of Ukraine by Russia. In April it recovered part of these falls and it was in May when it managed to return to positive ground in the annual balance.

Although the indicator began the fifth month of the year weighed down by fears of an economic recession and the blockades in China to stop the spread of coronavirus, optimism seems to have returned to the stock markets. In recent weeks, the market has closely followed the publication of macroeconomic indicators and the messages from the European Central Bank (ECB), which point to a rise in interest rates in July and a return to positive rates in September.

Thus, the Ibex 35 has closed the month of May at 8,851.5 points, with an increase of 3.11% in the month and 1.58% so far this year. In the session of this Tuesday, however, a fall of 0.89% has been noted.

The biggest rises of the trading day were presented by Telefónica (2.16%), Repsol (1.01%), Acerinox (1%), CIE Automotive (0.93%) and Rovi (0.56%).

For contraindications, the most negative negatives have been determined by IAG (-4.91%), Amaadeus (-4.62%), Fluidra (-2.07%), Santander (-2.06%), Almirall (-1). , 8%) and Colonial (-1.8%).

The session has been marked by the return to activity on Wall Street and the rise in the price of a barrel of Brent oil, after the Twenty-seven have agreed to an embargo on Russian oil, although for now it will leave the oil pipeline that supplies to Hungary.

Russia has announced the cutoff of gas supply to the Netherlands, given the refusal of this country to pay in rubles for the energy product, so that it joins other countries such as Poland, Bulgaria and Finland, which have already refused to make the payment for gas in Russian currency.

The Heads of State and Government of the European Union agreed on Tuesday to take advantage of the renewable potential of the Iberian Peninsula "to contribute to security of supply" within the framework of the strategy to reduce Moscow's high dependence on fossil fuels.

In this scenario, the price of a barrel of Brent crude appreciated by 1.45% compared to yesterday's close, reaching 123.43 dollars, although today it has exceeded the threshold of 124 dollars per barrel. On its side, the price of a barrel of West Texas Intermediate (WTI) oil, a reference for the United States, stood at 117.54 dollars, 2.13% more.

In addition, on Tuesday it was published that the interannual inflation rate in the euro zone stood at 8.1% in May, compared to the 7.4% registered in April and March, which represents the highest rise in prices in the euro region in the entire historical series.

The rest of the European stock markets have also closed the session on Tuesday in negative, with falls of 0.08% in London, 1.43% in Paris, 1.29% in Frankfurt and 1.22% in Milan.

Finally, the price of the euro against the dollar stood at 1.0725 'greenbacks', while the Spanish risk premium stood at 110 basis points, with the interest required on the ten-year bond at 2.216%.