The Ibex 35 marks its highest since February 2018 by reaching 10,300 points, after the ECB meeting

MADRID, 7 Mar.

The Ibex 35 marks its highest since February 2018 by reaching 10,300 points, after the ECB meeting

MADRID, 7 Mar. (EUROPA PRESS) -

The Ibex 35 closed with an advance of 1.20%, which has led it to reach its highest record since February 1, 2018, standing at 10,319.6 integers, after the meeting of the European Central Bank (ECB). ), in which the organization has decided to keep rates at 4.5% for the fourth consecutive meeting.

The ECB has also explained that the disinflation process underway in the euro zone has allowed it to improve its forecasts, although the president of the institution, Christine Lagarde, has ruled out the possibility of applying a first cut in June.

"There is a clear decline underway and we are making progress towards our inflation target and as a result we have more confidence, but not enough and clearly we need more evidence, more data," Lagarde said at the press conference after the meeting. before pointing out that in April there will be some more data, but it will be in June when they will have "much more" information.

In addition, the president of the Federal Reserve (Fed), Jerome Powell, appeared on Wednesday in Congress, where he stated that progress to return inflation to the 2% objective is not "guaranteed", which is why he championed the need to count with more data that confirms the convergence of prices with said 2% before undertaking cuts in interest rates.

In the business field, Rovi has informed, before the opening of the stock market to the National Securities Market Commission (CNMV), that it has hired the services of Lazard Asesores Financieros to explore the possible sale of its manufacturing business to third parties. .

Regarding Grifols, the CNMV has specified that the legal period for listed companies to present their accounts is four months from their closing, that is, with regular closing, Grifols would have until the end of April to submit its financial results. 2023, as sources from the supervisor have indicated to Europa Press.

For its part, Telefónica's delegated committee has agreed to present a public exclusion offer with the aim of acquiring what remains of its German subsidiary, 5.65% of the capital, for a maximum amount of 395 million euros.

Likewise, the airport manager Aena estimates that its consolidated gross operating result (Ebitda), excluding impairments, will grow by more than 20% until 2026 compared to 2023, as reported by the company, which presents this Thursday the update of its plan. strategic.

For its part, Iberdrola has launched an offer to acquire 18.4% of Avangrid, of which it already controls approximately 81.6% of its capital, which would take full control of its US subsidiary through an operation that reaches the 2,280 million euros.

Renta 4 analysts also highlight the "extreme volatility" of the New York Community Bank (NYCB), which fell 47% yesterday and rose 105%, to close with an advance of 7%, amid rumors of a capital increase that finally resulted in an injection of 1,000 million dollars.

Experts recall that this bank was the one that acquired part of Signature Bank a year ago and "is also the main loser due to its exposure to the US non-residential real estate sector", which is currently going through a crisis.

In this context, only seven stocks have closed negative: Amadeus (-1.91%), Aena (-0.90%), Unicaja (-0.40%), Repsol (-0.21%), Bankinter ( -0.16%), CaixaBank (-0.16%) and Telefónica (-0.08%). On the other hand, the biggest increases have been those of Solaria (4.96%), Rovi (4.71%), Acciona (4.00%), Iberdrola (2.64%) and IAG (2.32% ).

The main European stock markets have also closed positively, with increases of 0.77% in Paris, 0.73% in Frankfurt, 0.17% in London and 0.16% in Milan.

In the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.16%, to 82.81 dollars, while that of Texas stood at 78.77 dollars , 0.48% less.

While waiting for the ECB, in the foreign exchange market, the price of the euro against the dollar appreciated 0.34% compared to yesterday's close, to 1.0936 'greenbacks', while in the debt market the The interest required on the 10-year Spanish bond fell slightly to 3.105%, with the risk premium (the differential with the German bond) at 82 points.

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