The Ibex 35 falls 0.23% at closing and fails to tie the whole 9,400

MADRID, 8 Jun.

The Ibex 35 falls 0.23% at closing and fails to tie the whole 9,400


The Ibex 35 has finally closed with a fall of 0.23%, which has led it to stand at 9,338.3%, after reaching 9,400 integers in the day and despite the boost that the bank has experienced.

Today stands out the GDP data for the euro area, which registered a contraction of 0.1% in the first quarter of 2023, which means that the region's economy has entered a technical recession, after the drop in activity also in 0.1% in the fourth quarter of 2022, according to the latest revision of the data published by Eurostat.

In addition, today the six large state banks in China have lowered the interest with which they repay savers' deposits, with which they intend to stimulate consumption to boost the economy, according to the Chinese newspaper 'Securities Times'.

Investors are also awaiting the latest decisions by central banks on their monetary policy. If on Monday the Federal Reserve Bank of Australia announced that it was raising rates to 4.10%, yesterday it was the Bank of Canada that announced a rate hike of 25 basis points, to 4.75%.

In this context, the biggest increases have been registered by Unicaja Banco (1.63%), BBVA (1.51%), ArcelorMittal (1.24%), Rovi (1.08%), CaixaBank (0.94%) and Fluidra (0.93%). On the other hand, Grifols (-3.28%), Aena (-2.23%), Endesa (-1.40%), Mapfre (-1.16%), Merlin (-1.09%) and Amadeus (-1%) have recorded the biggest falls.

The rest of the European stock markets closed positively, with an increase of 0.81% in Milan, 0.27% in Paris and 0.18% in Frankfurt. Only London has lost 0.32% in the session.

On its side, the barrel of Brent fell 2.41%, to 74.19 dollars, while the West Texas Intermediate (WTI) reached 69.73 dollars, 3.85% less.

In the debt market, the yield on the Spanish bond with a 10-year maturity stood at 3.395%, while the risk premium stood at 101.7 basis points. In the foreign exchange market, the euro has appreciated by 0.77% against the dollar, standing at an exchange rate of 1.0780 dollars for each euro.