The Ibex 35 advances more than 3% in the week and conquers the whole 8,400

MADRID, 25 Nov.

The Ibex 35 advances more than 3% in the week and conquers the whole 8,400

MADRID, 25 Nov. (EUROPA PRESS) -

The Ibex 35 has revalued this Friday by 0.34%, which has led it to conquer the level of 8,400 integers, a level not registered since mid-August, and to accumulate an advance of 3.48% in a stock market week with fewer references and at 'half gas' due to the Thanksgiving holiday in the United States, which has led to Wall Street remaining closed yesterday and only opening half a session today.

Among the references of these last days, the minutes of the last meetings of the Federal Reserve (Fed) of the United States, and the European Central Bank stand out. On the one hand, the Fed gave signs of a possible slowdown in the rate of interest rate rises, the opposite of the ECB, which would not yet see the opportunity to moderate the increases given the high inflation that is still registered in the euro area. .

On the other hand, it has also been known that the contraction of private sector activity in the euro zone has softened in November, according to the preliminary reading of the PMI index, and the new macroeconomic forecasts of the OECD. In this regard, the agency estimates for Spain an economic growth of 4.7% in 2022, three tenths more compared to its previous forecasts, and an increase of 1.3% in 2023, two tenths less.

This Friday it became known that the gross domestic product (GDP) of Germany, the largest economy in the 'Old Continent', accelerated its rate of expansion in the third quarter to 0.4%, one tenth more than previously estimated and very above the 0.1% growth registered between April and June.

Next week, investors will be waiting for new macroeconomic data, such as the CPI data in the United States and Spain. The market will also be pending the evolution of the Covid-19 in China, which has caused new restrictions.

In this scenario, the Spanish selective has finished the session at 8,416.6 integers, with Santander (1.72%), Repsol (1.49%), Sabadell (1.20%), Amadeus (1.09%) , BBVA (1.09%), Fluidra (0.96%), Sacyr (0.78%) and ArcelorMittal (0.77%) as the most notable increases.

On the contrary, ACS (-2.32%), Rovi (-1.74%), Endesa (-1.51%), Cellnex (-1.47%), Solaria (- 0.86%), Enagás (-0.70%) and Grifols (-0.67%).

In the 'Old Continent', the main European stock markets have also closed positively, with a revaluation of 0.27% in London, 0.08% in Paris and 0.01% in Frankfurt. Only Milan has fallen a slight 0.05%.

Likewise, a barrel of Brent quality oil, a reference for the 'Old Continent', stood at a price of 84.96 dollars, with a decrease of 0.45%, while Texas stood at 77.78 dollars. , with a fall of 0.23%.

Lastly, the price of the euro against the dollar stood at 1.0401 'greenbacks', while the Spanish risk premium stood at 94 basis points, with the interest required on the ten-year bond at 2.939%.

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