The Ibex falls 0.82% and loses 10,000 points for the first time since the end of November

MADRID, 16 Ene.

The Ibex falls 0.82% and loses 10,000 points for the first time since the end of November


The Ibex 35, the main indicator of the Spanish market, closed this Tuesday with a fall of 0.82%, reaching 9,994.1 points, which is why it closed below the symbolic level of 10,000 points for the first time. time since last November 27, when it was immersed in a bullish 'rally' that covered the last two months of 2023 and that raised the selective to a maximum of 10,258.1 points on December 6 - levels that had not been seen since 2018-.

This Tuesday the German CPI was released, which stood at 3.7% year-on-year in December, which represents an increase of half a percentage point compared to November, although the average increase in the cost of living in the largest European economy in 2023 it moderated to 5.9% from 6.9% in 2022.

Furthermore, it has been published that the ZEW index of investment confidence in Germany and the eurozone has improved in January, reaching its highest record in eleven months.

For its part, Wall Street has returned to stock market activity after being closed yesterday for the celebration of Martin Luther King Day and, at closing time in Europe, its indices fell 0.5%, while investors digested the accounts of large financial entities, while in that country it has been known that the Empire State manufacturing index for January, far from improving as the market expected, has worsened to levels not seen since the 2020 confinement.

In Spain, the Spanish Public Treasury has placed 1,997.76 million euros in a short-term debt auction and has done so by cutting the remuneration offered to investors for both the three-month and nine-month reference.

Despite reducing the interest offered in this issue of bills, the high levels of profitability have maintained the markets' investment appetite for Spanish securities. The joint demand from both references has doubled what was awarded, with requests of 4,574 million euros.

On the other hand, the expectations of eurozone citizens about the future evolution of the inflation rate have decreased "notably" in November, although they would remain above the stability objective of 2%, as confirmed by the European Central Bank ( ECB) in its latest survey among eurozone consumers.

In addition, this week the World Economic Forum is taking place, which will be held in the Swiss town of Davos from this Monday until next Friday, and in its 54th edition it has a large presence from the Ibex 35, among others.

In this context, only five stocks have managed to advance in the session: Grifols (0.99%); Rovi (0.81%); Repsol (0.26%); Ferrovial (0.14%) and Telefónica (0.08%). On the other hand, the biggest falls have been for Solaria (-4.67%), Acciona (-4.03%), Acerinox (-2.93%) and Acciona Energía (-2.74%).

Regarding Grifols, the daily market report from Banco Sabadell indicated this day that the company had requested the CNMV to advance the presentation of results corresponding to the year 2023.

European stock markets have also mostly opted for corrections: Paris has subtracted 0.18%; Frankfurt 0.3% and London 0.48%. The exception has been Milan, which has escaped the declines with a slight increase of 0.03%.

In the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.54% at closing time in the Old Continent, to $78.56, while Texas It stood at $72.72, 0.05% more.

In the currency market, the price of the euro fell 0.77% against the dollar, to 1.0865 'greenbacks', while in the debt market the interest required on the 10-year Spanish bond has closed at 3.168% after adding two basis points, with the risk premium (the differential with the German bond) at 91 points.