MADRID, 5 Sep. (EUROPA PRESS) -
The Ibex 35 has closed the stock market session this Tuesday at 9,392 points, which represents a decrease of 0.26%, in a day in which a multitude of macroeconomic data has been released.
Before the opening of the European markets, it was known that the Reserve Bank of Australia, the body in charge of monetary policy for the oceanic country, has decided to keep interest rates at 4.10%, the highest since April 2012 , although it has opened the door to future increases.
This morning it has been known that the activity of the services sector in Spain contracted in August of this year for the first time since October 2022, according to the PMI index, which has been reduced from 52.8 points in July to 49.3 points , below the 50 points that separate expansion from contraction.
For its part, it has been published that activity in the euro area deteriorated during the month of August at the fastest rate since November 2020 after remaining at 46.7 points compared to 48.6 in July, while the document He pointed out that the contraction was simultaneous, for the first time this year, in both the manufacturing and services sectors.
Likewise, the consumer price index (CPI) of the Organization for Economic Cooperation and Development (OECD) stood at 5.9% in July, two tenths above the year-on-year rise in prices in the previous month. and the first increase in the cost of living since October 2022
For its part, the Public Treasury has placed 4,940.97 million euros in short-term debt this Tuesday, in the expected medium-high range, and has done so by offering higher returns for 6-month bills, but cutting interest for 12-month bills, according to data published by the Bank of Spain.
Investors have also had to digest that Russia and Saudi Arabia have announced further cuts in their oil exports until the end of the year.
In this context, the majority of stocks on the Spanish stock market have closed the session negative. Among those that have closed in 'green', Inditex stands out, which has risen 1.34%, coinciding with a report issued by Bank of America in which it has raised its recommendation to buy and has raised the target price from 37 to 43 euros.
"The group has entered, and is reinforcing, a virtuous cycle that fuels a significant gain in market share with leading margins in the sector," explained the financial institution's analysts.
Among the rest of the values that have risen the most are Indra (0.69%), Enagás (0.58%), Bankinter (0.51%) and Repsol (0.44%). On the contrary, Solaria has led the decreases (-1.87%), ahead of BBVA (-1.81%), Fluidra (-1.27%), Sacyr (-1.24%), Acciona (- 1.17%) and Acciona Renewable Energy (-0.92%).
Compared to the rest of the European markets, London has fallen by 0.20%; Paris, 0.34%; Frankfurt, 0.34% also; and Milan has risen 0.02%. On its side, the barrel of Brent advanced 2.21% at the close of the European stock market session, up to 90.93 dollars, while the West Texas Intermediate stood at 87.82 dollars, 2.64% more.
In the debt market, the yield on the Spanish 10-year bond has climbed to 3.645%, while the risk premium has reached 103.8 basis points.
In the foreign exchange market, the euro traded with a depreciation of 0.63% against the dollar, until trading in the markets with an exchange rate of 1.0728 dollars for each euro.
