The Ibex 35 rises 0.3% in the mid-session driven by Inditex, which rises more than 6%

MADRID, 7 Jun.

The Ibex 35 rises 0.3% in the mid-session driven by Inditex, which rises more than 6%


The Ibex 35 traded in the mid-session with a revaluation of 0.38%, which brought it to stand at 9,346.1 integers, driven by Inditex, which rose 6.25% after presenting its best fiscal first quarter, with a net profit of 1,168 million, 54% more, and sales of 7,611 million euros, 13% higher than a year earlier.

China's foreign trade data has also been released today. In this regard, Renta 4 analysts point out that there are "new signs" of cyclical slowdown, both in terms of global demand, with a 7.5% drop in exports, and domestic demand, since imports drop by 4 ,5%.

These data "confirm the idea that the cycle is deteriorating globally and, in the specific case of the Asian giant, could reinforce the thesis of new monetary stimuli in China", the experts point out.

In Spain, it has been known that the price of free housing rose by 3.5% in the first quarter of the year compared to the same period of 2022, thus registering its smallest rise since the second quarter of 2021, when the price increased by 3 ,3%.

Behind, the largest increases were registered by Sacyr (1.45%), Aena (1.17%), Fluidra (1.11%), Colonial (0.69%), Acerinox (0.63%) and Repsol ( 0.60%). In negative territory were Acciona Energías Renovables (-1.56%), BBVA (-1.42%), Acciona (-1.35%), Solaria (-1.30%), Iberdrola (-1.03) and Banco Santander (-0.79%).

The main European stock markets traded in the mid-session with decreases of 0.78% in Milan, 0.35% in Paris and 0.33% in Frankfurt. Only London remained practically flat, with a slight rise of 0.02%.

In the raw materials market, a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 76.70 dollars, with a rise of 0.54%, while Texas was trading at 72.15 dollars, with a drop of 0.57%.

In the foreign exchange market, the value of the euro against the dollar stood at 1.0678 'greenbacks', while the Spanish risk premium was around 99.7 points, with the interest required on the ten-year Spanish bond in 3.352%.