The Ibex 35 deepens its fall (-1.3%) in the mid-session and is trading at 9,800 points

MADRID, 17 Ene.

The Ibex 35 deepens its fall (-1.3%) in the mid-session and is trading at 9,800 points


The Ibex 35 continued to deepen its fall in the mid-session this Wednesday, losing 1.33% and standing at 9,860.8 points, in a day marked by the 2023 GDP data from China and the inflation data in United Kingdom.

Thus, on the one hand, China's GDP registered an expansion of 5.2% in 2023 as a whole, exceeding Beijing's official goal of an expansion of around 5% and accelerating substantially compared to the 3% growth in 2022, when the world's second largest economy was slowed by the measures implemented to contain Covid-19.

Renta 4 analysts point out that China's 'macro' data is "in line" with market expectations, although it shows "weakness", especially in private consumption and in the real estate sector, which is accelerating its decline. In this context, the Chinese stock market has recorded falls: 1% in the case of the CSI 300 index and 3.5% in that of the Hang Seng.

On the other hand, the annual inflation rate in the United Kingdom stood at 4% last December, one tenth above the 3.9% in November, which represents the first rise in prices in the second largest economy. European from February 2023.

In addition, the Eurostat statistics office has published the revision of the eurozone inflation data for December, confirming that it accelerated in the last month of 2023 to 2.9%, from 2.4% in the previous month, which It is its highest reading since October.

In this context, most of the Ibex 35 values ​​were trading in 'red' in the mid-session, led by Solaria (-3.21%), Banco Sabadell (-3.17%), Aena (-2.70% ), Acciona (-2.43%), Bankinter (-2.42%) and Acciona Energía (-2.09%). Only Indra (1.71%), IAG (0.63%), Meliá (0.52%) and Sabadell (0.04%) were on the positive side of the table.

The European stock markets were trading with falls in the mid-session: London fell 1.50%; Paris, 1.20%; Milan, 1.11%; and Frankfurt, 1.10%.

At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 1.85%, to 76.84 dollars, while Texas stood at 70.88 dollars, a 2.10% less.

In the foreign exchange market, the price of the euro against the dollar advanced to 1.0871 'greenbacks', while in the debt market the interest required on the 10-year Spanish bond climbed to 3.196%, while the risk premium stood at 92 points.