The Ibex falls 0.62% after the greater than expected rise in the US CPI but holds 10,000 points

MADRID, 11 Ene.

The Ibex falls 0.62% after the greater than expected rise in the US CPI but holds 10,000 points

MADRID, 11 Ene. (EUROPA PRESS) -

The Ibex 35 closed this Thursday with a fall of 0.62% and barely saved the level of 10,000 points - specifically, it ended at 10,004.9 points - after the higher-than-expected rebound in the US inflation in December and with Grifols once again experiencing a sharp fall (-16%) despite yesterday's rebound.

The Spanish index started rising and sustained gains that allowed it to trade stably at 10,100 points until the arrival of the US CPI and the bearish opening of Wall Street, which led to the fall of the Spanish index, as well as the rest of the indicators. Europeans, in the last stretch.

Specifically, the CPI in the United States stood at 3.4% year-on-year in the month of December, which implies an acceleration of three tenths of the annual increase in prices in relation to November and two tenths more than expected. the market. For its part, core inflation has decreased by one tenth, to 3.9%, when the consensus expected a drop of two tenths.

"The data will be especially relevant to determine to what extent expectations of cuts in market intervention rates are excessively optimistic," the Renta 4 experts pointed out this morning, recalling that investors are discounting six cuts in 2024, the first of them , in March and 25 basis points.

Linked to this, eToro's investment department pointed out this afternoon that US inflation in December "could force the markets to continue backtracking on the rate cut operation."

Also in the United States, its Securities Market Commission (SEC) has given the green light to the regulatory changes necessary for the launch of ETFs or bitcoin spot exchange traded funds, which will expand the scope of investment in crypto assets.

The SEC's position, announced this Wednesday, thus authorizes the negotiation of these products starting today by a handful of firms such as ARK, Bitwise RK, Hashdex, VanEck, WisdomTree, Fidelity and Franklin Templeton, Invesco Galaxy, Valkyrie, iShares or Greyscale.

After this, bitcoin reached $49,000 this afternoon, but at closing time in Europe it strongly moderated its gains to 0.2%, with the cryptocurrency trading at $46,050.

In the business field, Grifols closed this Thursday's session with a decrease of 16.17%, reaching a price of 9.904 euros, after failing to convince analysts with its explanations in an attempt to dismantle Gotham City Research's accusations in your report.

In this context, after Grifols, which has presided over the losses of the Ibex 35 and has completely erased the rebound from the day before, Merlin (-2.73%), Colonial (-2.14%), Rovi (- 1.85%), Sacyr and ArcelorMittal (-1.64% each), as well as BBVA and Banco Santander (-1.45% each). On the other hand, the largest increases have been recorded by Indra (4.35%), Fluidra (2.68%), Endesa (1.05%), Redeia (0.75%), Acerinox (0.69%) and Cellnex (0.54%).

The main European stock markets have also opted for losses in the final stretch of the session: Paris has lost 0.52%; Milan 0.66%; Frankfurt 0.86% and London 0.98%. For their part, Wall Street indices showed declines of more than 0.5%.

At closing time in the Old Continent, in the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 78.5 dollars, 2.2% higher, while Texas rose 2.56%, to $73.2.

In the currency market, the price of the euro fell by 0.23% against the dollar, to 1.0947 'greenbacks', while in the debt market, the interest required on the 10-year bond has closed at 3.147% after subtracting two basis points, while the risk premium (the differential with the German bond) stood at 91.5 points.

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