The Ibex 35 rises 1.2% in the half session and reaches 9,600 integers

MADRID, 30 Jun.

The Ibex 35 rises 1.2% in the half session and reaches 9,600 integers


The Ibex 35 traded in the mid-session with a rise of 1.23%, which brought it to stand at 9,627.8 integers. If it closed like this, it would reach its maximum level since February 21, 2020, when it stood at 9,886.2 integers, a few weeks before the start of the confinement in Spain due to the Covid-19 pandemic.

Today's session is led by macroeconomic references. On the one hand, it has been known that the GDP of the United Kingdom registered an expansion of 0.1% in the first quarter of 2023 compared to the three previous months, when it had grown by 0.1%.

In addition, the year-on-year inflation rate in the euro area fell six tenths in June compared to the previous month, thus reaching 5.5%, compared to 6.1% in May, which represents the lowest increase in prices since January 2022. However, the core inflation rate has rebounded to 5.4% from 5.3% in May. In France, the CPI stood at 4.5% in the interannual rate in June, compared to 5.1% in the previous month.

Finally, Eurostat has reported that the unemployment rate in the euro area stood at 6.5% last May, in line with the previous month and its lowest level in the entire historical series, while in the The EU as a whole fell one tenth, to a record low of 5.9%.

It should be noted that shortly before the market opened, the National Securities Market Commission (CNMV) suspended trading in Applus shares in a precautionary manner and with immediate effect, pending the release of relevant information about the company.

At around 12:15 pm, the US fund Apollo launched a takeover bid for 100% of Applus at a price of 9.5 euros per share in cash, which yields a total amount of 1,226.2 million euros. Right after, the CNMV announced that it was lifting the suspension, so the company was listed again with a revaluation of 0.32%.

In this way, practically all the values ​​of the Ibex 35 traded positively, highlighting the advances of Banco Santander (2.69%), Solaria (2.28%), BBVA (2.21%), Merlin (2.14% ) and Banco Sabadell (2.06%). In 'red' only Acciona Energía (-0.45%) and IAG (-0.16%) were located.

The main European markets were also trading with a positive sign: 1.35% in Milan; 1.17% in Frankfurt; 1.15% in Paris and 0.72% in London.

In the raw materials market, the price of a barrel of Brent rose 0.35%, up to 74.60 dollars, while the West Texas Intermediate (WTI) increased to 70.01 dollars, 0.21% more .

In the debt market, the yield on the 10-year Spanish bond stood at 3.412%, with the risk premium reaching 98.5 basis points, while in the currency market, the euro was trading at 1 .0843 dollars.