The Ibex 35 falls 1.1% at closing and loses 9,900 integers

MADRID, 7 Feb.

The Ibex 35 falls 1.1% at closing and loses 9,900 integers


The Ibex 35 has deepened its fall at the close of the session, which has led it to lose 1.15% and stand below 9,900 integers, in a new day without great references for the markets.

The main indicator of the Spanish market has accused the statements of the member of the European Central Bank (ECB) Isabel Schnabel for the newspaper 'Financial Times', where she has stated that the organization must be patient and not rush to adjust its monetary policy when facing the "last mile" of the ongoing disinflationary process.

Likewise, investors will look for clues this day about monetary policy in the statements of several members of the Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed).

Investors also remain attentive to the earnings season, especially in the United States, where it has already been known that Uber recorded an attributable net profit of 1,887 million dollars (1,756 million euros) in 2023 as a whole, in contrast to the losses of 9,141 million dollars (8,506 million euros) in 2022.

The Chinese giant Alibaba has also published its accounts, which obtained an attributable net profit of 76,471 million yuan (9,996 million euros) in the first nine months of its fiscal year, which will end on March 31, which represents an improvement 56% compared to the same period of the previous year.

Under the macroeconomic umbrella, this Wednesday it was known that the General Industrial Production Index (IPI) of Spain fell an average of 0.8% in 2023, thus breaking the streak of positive rates of the last two years, as reported by this Wednesday the National Institute of Statistics (INE).

For its part, German industrial production fell 1.6% in December at a monthly rate, four times more than what the market expected, while this afternoon the United States trade balance for December will be known.

In this context, more than half of the values ​​of the Ibex 35 have closed with falls, highlighting Grifols (-2.75%), Naturgy (-2.32%), Banco Santander (-1.91%), Fluidra ( -1.81%), Cellnex (-1.78%) and Banco Sabadell (-1.74%).

On the other hand, only eight stocks have closed positively, led by Rovi (1.62%), Unicaja Banco (1.50%), Amadeus (0.47%), Acciona Energía (0.34%) and Ferrovial (0. ,3. 4%).

The European stock markets have also closed with corrections, although more moderately than the Spanish market: London has lost 0.68%; Frankfurt, 0.65%; Milan, 0.45% and Paris, 0.36%.

In the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, increased by 0.45%, to 78.94 dollars, while Texas stood at 73.66 dollars. 0.48% more.

In the foreign exchange market, the price of the euro advanced 0.14% against the dollar, up to 1.0770 'greenbacks', while in the debt market the interest required on the 10-year Spanish bond climbed to 3.232 %, with the risk premium (the differential with the German bond) at 93 points.