The Ibex 35 has started Monday’s session with a rise of 0.79%, which has led the selective to stand at 7,440 at 9:01am, in a week that will continue to be marked by inflation pressures, rate hikes and the economic slowdown.
Among the most relevant macroeconomic releases, the GDP for the third quarter in China, the ZEW index of German investor confidence and inflation in the eurozone stand out.
On the corporate front, the release of results in the United States will accelerate, including those of Bank of America, The Charles Schwab, J&J, Netflix, Tesla, Verizon and American Express. In Spain, Bankinter, Cie Automotive, Viscofan and Vidrala, among others, will do so.
Ibex starts the week strong
Thus, after losing 0.7% last week, the Madrid selective started the session above the psychological level of 7.400 points, with most stocks in the green, led by IAG ( 2.7%), Sabadell ( 2.56%), Repsol ( 2.26%), Caixabank ( 1.89%), Meliá Hotels ( 1.72%), Iberdrola (1.71%), Grifols ( 1.44%) and Cellnex Telecom ( 1.33%).
The rest of the European stock exchanges also opened higher with rises of 0.3% for Frankfurt, Paris and London.
Likewise, the price of a barrel of Brent crude oil, the reference for the Old Continent, was at 92 dollars on Monday, with a rise of 1%, while Texas was at 85 dollars, with a rise of 1%.
Finally, the euro exchange rate against the dollar stood at 0.9745 ‘greenbacks’, while the Spanish risk premium stood at 115 basis points, with the interest rate required for the ten-year bond at 3.431%.
For the full article, please visit Diario de Ibiza website here.