The Ibex 35 closes the week with an increase of 1.83%until reaching 11,967.90 points, with the aim of already returning to the level of 12,000 points, which has not been recorded in the selective since 2010.
During this Friday’s session, while the index closed up 0.12%, the level of 12,000 points was sometimes exceeded, without being maintained.
“The Ibex 35 faces the challenge that its most important sector, the banking sector, is facing the home stretch of high interest rates, leaving behind the high part of its cycle,” said Javier Cabrera, XTB analyst.
This optimism follows several cuts in short-term interest rates and deposit rates in Chinaafter which the Hang Seng increased by 3.55%; while the CSI 300 advanced 4.47%. He Nikkei It also advanced 2.32%.
This Friday, we learned that the Spanish economy had experienced growth of 0.8% in the second quarter of the year, a tenth less than in the previous quarter, thanks mainly to household consumption, which increased at a quarterly rate of 1%. On an interannual basis, the Gross Domestic Product (GDP) increased by 3.1%six tenths more than in the first quarter of the year.
For its part, the consumer price index (CPI) fell by 0.6% in September compared to the previous month and reduced its interannual rate by eight tenths, to 1.5%its lowest figure since March 2021, when it stood at 1.3%.
Internationally, the U.S. Personal Consumption Expenditures Price Index, the statistic chosen by the Federal Reserve (Fed) to monitor inflation, moderated by three-tenths in August, to 2.2%. over a year.
Ibex 35 companies
The biggest increases of the Ibex 35 were:
- Puig brands: +1.62%
- Activate energy: +2.40%
- Fluidra: +1.99%
While the biggest declines in the Ibex 35 were:
- Sabadell: -4.80%
- Single box: -4.17%
- CaixaBank: -3.92%
International markets
The main European stock exchanges are positioned as follows:
- Paris: +0.64%
- London: +0.43%
- Frankfurt: +1.22%
- Milan: +0.92%
The barrel of Brent rose 0.45% at the close of the European session, up $71.92, while West Texas Intermediate (WTI) reached $68.14, up 0.72%.
On the market of debtthe yield on the Spanish 10-year bond reached 2.925%, compared to 2.965% on Thursday. The risk premium on German debt thus increased by one point, to 79.2 basis points.
At the end of the European session, the euro depreciated by 0.16% against the dollar, reaching an exchange rate of 1.1159. green bills for each unit of the community currency.
Next week begins with the release of data on manufacturing activity in China and inflation in Germany and Italy on Monday, while Eurozone industrial production will be released on Tuesday with its latest inflation data. Composite PMI data for the Eurozone, along with European industrial prices and ECB minutes, will be released on Thursday. On Friday, the thermometer of the American economy will be taken with data on employment and unemployment.
