The Ibex advances 12.2% in the first quarter despite the 1.7% drop in March after banking turmoil

MADRID, 31 Mar.

The Ibex advances 12.2% in the first quarter despite the 1.7% drop in March after banking turmoil

MADRID, 31 Mar. (EUROPA PRESS) -

The Ibex 35 has closed the first quarter of the year this Friday with a revaluation of 12.2%, standing at 9,232.5 points, compared to the 8,229.1 integers at which it closed 2022.

The rise of the selective of the Spanish stock markets and markets is more noticeable if one takes into account that in the month of March it registered a contraction of 1.7% in the context of the volatility that has been registered in the financial markets as a result of the collapse four midsize banks in the United States and Credit Suisse in Europe.

Only in the last week, compared to last Friday's close, the Ibex 35 has registered a revaluation of 5%.

"The Spanish stock market chained two consecutive weeks in the positive, driven by the drop in inflation data for March and the stabilization of the financial sector. The Ibex 35 is trading again at levels of 9,000-9,200 points awaiting the next season of results business", has indicated the XTB analyst, Joaquín Robles.

This week it has been known that inflation in Spain has moderated to 3.3% in the month of March, which is 2.5 points less than in February, according to data advanced by the INE. In parallel, this Friday, Eurostat has published that inflation for the euro area as a whole slowed to 6.9% in March (1.7 points less), although the underlying data climbed to a new record of 5.7%.

On this Friday, Acciona Energías Renovables led the index with a rise of 2.05%, ahead of IAG (1.96%), Inditex (1.85%), Amadeus (1.65%), Acciona (1.48%) and Endesa (1.34%).

On the other hand, Bankinter has fallen by 2.13%, ahead of Banco Sabadell (-2.10%), CaixaBank (-1.86%), Unicaja Banco (-1.59%), Indra (-1, 35%) and Logista (-1.29%).

Regarding the rest of the European markets, the German DAX closed the session with an increase of 0.69%, while the French CAC 40 advanced 0.81% and the Italian FTSE MIB rose 0.34%. Thus, the Euro Stoxx 50 has risen by 0.69%, while the British FTSE 100 has risen by 0.15%.

The barrel of Brent has experienced an increase this Friday of 0.56%, up to 79.71 dollars, while the West Texas Intermediate (WTI) has stood at 75.3 dollars, 1.25% more.

The yield of the Spanish bond with a maturity of 10 years in the secondary debt markets has been located this Friday at 3.304%, compared to 3.406% on Thursday. In this way, the risk premium compared to German bonds with a maturity of one decade has fallen by two points, to 101.2 basis points.

In the foreign exchange market, the euro has depreciated by 0.39% against the dollar, so that the exchange rate has stood at 1.0863 dollars for each euro, thus losing the level of 1.09 dollars that had been achieved for a short period of time.

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