At midday this Friday, the Ibex 35 extended the bullish tone at the opening and registered a rise of 0.5%, reaching 10,920.5 points – the highest in June 2017 -, despite the falls of Grifols (-8 %) after the report of the National Securities Market Commission (CNMV) released this Thursday with the market already closed.

The Spanish selective provisionally registers a cumulative advance in the week of more than 3%, which would mean signing its best week since last November, when the ‘bullish rally’ began that took the indicator above 10,000 integers.

In the report on Grifols, the CNMV has found “relevant deficiencies” in the annual accounts, specifically in the detail and accuracy of the breakdowns and explanatory notes that support the figures, although the supervisor has pointed out that it has not identified “significant errors” in the results, so it has not currently identified the need to carry out any reformulation of its financial statements.

For its part, Grifols, in response to the CNMV, has assured that it is committed to improving its transparency and expanding the breakdowns of its financial information following the regulator’s recommendations.

Regarding these deficiencies, the supervisory body has referred to the financial information in some years of the period analyzed and in the presentation of alternative performance measures (APM), in particular the gross operating result (Ebitda ) and the debt to Ebitda ratio.

The Grifols share is thus going through a morning marked by volatility, since at the opening it rose by 7%, exceeding 9 euros, to now opt for drops of 8%, which plummet the share price to 7.72 euros.

All in all, the general panorama of the Spanish selective shows a mostly optimistic image, since less than a dozen stocks are trading at losses at midday and the rest are registering advances thanks to Wall Street indices that closed at highs yesterday due to the prospect of decline. of rates of the Federal Reserve (Fed) of the United States and by the stock market premiere of Reddit.

Also in the Spanish business field, Murias, the Basque subsidiary of Urbas, has presented a viability plan to ensure business continuity, which provides for orderly restructuring, payment of 100% of the debt, and guaranteeing the viability of its business. , maximizing value for creditors and employees.

For its part, Banco Santander will allocate more than 6,000 million euros in cash dividends and share buybacks against its 2024 results, in line with its shareholder remuneration policy, as announced this Friday by the president of the entity, Ana Botín, during the general meeting of shareholders to be held by the bank in Boadilla del Monte (Madrid).

On the macroeconomic agenda this Friday, it was learned that the confidence of German businessmen has improved substantially in March, as reflected in the index prepared by the Munich Economic Research Institute (Ifo), which stood at 87.8 points. from 85.7 the previous month, its highest reading since June of last year.

For its part, in Asia it has been published that the reference inflation rate in Japan, the one that excludes the impact of the price of fresh food, stood at 2.8% year-on-year in February, eight tenths above the reading January and the highest in four months, according to data published by the Ministry of the Interior and Communications of the Japanese country.

In Spain, the services sector registered an increase in its turnover of 2.8% in January compared to the same month in 2023, its largest increase since last March, according to data released by the National Institute of Statistics (INE). With the rebound in January, sales in the sector return to positive rates after falling 0.7% year-on-year in December 2023.

Thus, in the middle section of the negotiation, the biggest increases within the Ibex 35 were recorded by Acciona (3.05%), Banco Santander (3%), Acciona Energía (2.5%) and Enagás (2.44% ), while the ‘red lanterns’ were Grifols (-8%), Fluidra (-1.35%), Inditex (-1%) and Indra (-0.98%).

Most of the main European stock markets registered gains at midday: Milan added 0.08%; Frankfurt 0.1% and London 0.77%, while Paris fell 0.15%.

At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.07%, to 85.84 dollars, while that of Texas stood at 81.15 dollars, a 0.06% more.

In the currency market, the price of the euro against the dollar fell 0.36%, to 1.082 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond fell to 3.195% after subtracting one basis point, with the risk premium (the differential with the German bond) at 82.5 points.