The Ibex 35 debuts in 2024 with an increase of 0.79% due to banking, but does not maintain 10,200 points

MADRID, 2 Ene.

The Ibex 35 debuts in 2024 with an increase of 0.79% due to banking, but does not maintain 10,200 points


The Ibex 35 debuted in the first session of 2024 with an increase of 0.79%, reaching 10,182.1 points, driven by banking values ​​and after having signed its best stock market year since 2009 in 2023, with a revaluation of more than 22%.

The selective has gone through the entire negotiation in positive territory, although it has not managed to consolidate the level of 10,200 integers after having traded above it throughout the morning and at some specific time in the afternoon. Furthermore, the day stood out for its low trading volume - around 100 million shares - typical of holiday periods.

This Tuesday it was learned that the activity of Chinese factories registered a slight improvement in the month of December, according to the reading of the PMI prepared by S

For its part, the Spanish manufacturing PMI reflected a deterioration in factory activity in Spain, the ninth consecutive month in which this has occurred. At the same time, the deterioration of manufacturing activity in the eurozone continued during the month of December, although the contraction recorded was the slowest in seven months.

For its part, the US manufacturing sector indicator (PMI) in December has been revised downwards, thus aggravating its fall into the contraction zone.

On the business front, Avangrid, the US subsidiary of Iberdrola, has announced the termination of its merger contract with PNM Resources due to non-compliance with the conditions established for the closing of the operation.

In this context, Ferrovial has presided over the promotions of the selective with an increase of 3.51%, ahead of Banco Sabadell (3.05%), Bankinter (2.97%), Unicaja (2.75%), Sacyr ( 2.69%), Caixabank (2.68%), Telefónica (2.66%), BBVA (2.43%), Fluidra (2.39%) and Banco Santander (1.96%). Iberdrola, for its part, closed the session with flat behavior (0.04%).

On the other hand, eleven stocks have closed in losses with Solaria in the lead (-3.98%), followed by Grifols (-3.85%), Acciona Energía (-3.21%) and Acciona (-1.2% ).

The start of the year has been uneven in the rest of the European stock markets: Frankfurt has risen by 0.11% and Milan by 0.57%, while London has decreased by 0.15% and Paris by 0.16%.

At closing time in the Old Continent, in the raw materials market, a barrel of Brent, the benchmark in Europe, fell 1%, to $76.25, after having risen more than 2% (and exceed 79 dollars) in the morning as a result of the tensions in the Red Sea, while the West Texas Intermediate (WTI) stood at 70.76 dollars, 1.26% less (it had reached 73 ,5 dollars.

In the debt market, the yield on the Spanish bond with a 10-year maturity closed at 3.015 after adding four basis points. In this way, the risk premium against German debt stood at 95 basis points.

Regarding currencies, the euro depreciated 0.8% against the dollar at the same time, to 1.0956 'greenbacks' for each unit of the community currency.

In other markets, Bitcoin, the largest and best-known cryptocurrency, stood out with a 4% appreciation that allowed it to exceed $45,000 for the first time since April 2022 due to the anticipated cycle change in monetary policy, as well as the the expectation of the upcoming approval of a bitcoin ETF by the United States Securities and Exchange Commission (SEC).