The Ibex opens with a rise of 0.6% and exceeds 11,200 integers with Unicaja shot up 5%

MADRID, 29 Abr.

The Ibex opens with a rise of 0.6% and exceeds 11,200 integers with Unicaja shot up 5%

MADRID, 29 Abr. (EUROPA PRESS) -

The Ibex 35 started this Monday's session with a rise of 0.61%, which was enough to exceed the level of 11,200 integers, and with Unicaja shot up more than 5% after presenting its first quarter results.

Specifically, the bank has announced a net profit of 111 million euros in the first quarter, which represents tripling the results of the same period in 2023, and this despite having recorded in its accounts an impact of 78.6 million euros. euros for the temporary banking tax.

BBVA, which rose 2.3% at the opening of the stock market, has also reported that it obtained an attributable net profit of 2,200 million euros in the entire first quarter of 2024, which represents an increase of 19.1% compared to with the same period last year.

Continuing with business results, Prosegur Cash has reported profits of 17 million euros until March, 32% more, while Línea Directa earned 10.1 million euros, compared to losses of 5.3 million euros.

Likewise, the CNMV has once again provisionally suspended the trading of Applus shares due to "circumstances that could disrupt the normal development of operations in the aforementioned financial instruments."

At the 'macro' level, Spain's CPI was known, which rose 0.7% in April in relation to the previous month and raised its interannual rate by one tenth, to 3.3%, due to the increase in the price of gas and of food.

Beyond these references, investors will be awaiting today the decision of the President of the Government, Pedro Sánchez, on whether or not he continues to lead the Executive after five days of reflection following the judicial investigations into his wife, Begoña Gómez.

However, one of the most important references of the week for the markets will be the US Federal Reserve (Fed) rate meeting, which will be held on Wednesday, May 1, the date on which Labor Day is celebrated. in countries like Spain, Germany or the United Kingdom.

Thus, at the opening, the Ibex 35 reached 11,222.7 points, with Unicaja Banco (5.77%), BBVA (2.32%), Grifols (1.96%) and Banco Sabadel (1.69%). as bullish values. On the opposite side were Enagás (-0.36%), Rovi (-0.35%), Amadeus (-0.23%) and Fluidra (-0.15%).

The rest of the European stock markets also opened with increases: 0.51% in Milan, 0.40% in London, 0.35% in Paris and 0.25% in Frankfurt.

Likewise, a barrel of Brent stood at $88.47, 1.15% less; while the West Texas Intermediate (WTI) fell to $83.05, 0.95% less.

The yield on the Spanish bond with a 10-year maturity closed the week at 3.324%. In this way, the risk premium against German debt has fallen by almost two points, to 77 basis points.

In the foreign exchange market, the euro appreciated 0.25% against the dollar at the end of the European trading session, registering an exchange rate of 1.0721 'greenbacks' for each euro.

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