The Ibex 35 advances 1.45% in the session and sets its sights on 8,500 points

MADRID, 17 May.

The Ibex 35 advances 1.45% in the session and sets its sights on 8,500 points


The Ibex 35 posted a rise of 1.45% in Tuesday's session, which has allowed it to approach the 8,500-point barrier, in a scenario marked by the evolution of the Covid-19 in China and the publication of macroeconomic data.

The authorities of the Chinese city of Shanghai have set themselves the goal of returning to normality in June. "Fifteen of Shanghai's 16 districts have removed the Covid-19 restrictions outside the quarantine zones," said Zong Ming, deputy mayor of the city, as reported by the 'China Daily'.

On the other hand, the quarterly Gross Domestic Product (GDP) of the euro zone has been published, which registered an expansion of 0.3% in the first quarter of 2022 compared to the fourth quarter of last year, when growth was similar, according to the first estimate of the data published by Eurostat, which includes an expansion of 0.5% in employment, one tenth more than in the previous three months.

Compared to the first quarter of 2021, the GDP of the euro zone grew by 5.1%, which represents an acceleration of four tenths compared to the year-on-year rise of the previous three months.

In Spain, the debt of the public administrations as a whole registered an increase of 0.85% in March compared to February, reaching the historical maximum of 1,453 billion euros, which stands at 117.7% of GDP, according to advanced data this Tuesday by the Bank of Spain.

On its side, the trade deficit stood at 15,416.5 million euros in the first quarter of the year, which means multiplying by almost five (372%) that registered in the same period of 2021.

Regarding the war conflict, the Russian Government has recognized that there is currently no type of negotiation with the Ukrainian authorities to lower the war tensions, according to Moscow due to kyiv's lack of commitment to a dialogue that has hardly produced practical results .

Russian Deputy Foreign Minister Andrei Rudenko has confirmed that "the talks are not going on". "In fact, Ukraine has come out of this process," he said, speaking to the press during a forum collected by the TASS news agency.

In this scenario, the Ibex 35 closed at 8,475.7 points, with most of its values ​​positive. Siemns Gamesa has led the increases (5.45%), followed by CaixaBank (5.17%), which this Tuesday presented its 2022-2024 Strategic Plan, which contemplates a return of 12% at the end of the period and the generation of 9,000 million euros of capital.

Behind, the greatest advances have been presented by Sabadell (4.25%), Bankinter (3.58%), Acerinox (3.24%), Repsol (3.15%), IAG (2.92%), Santander (2.91%) and Cellnex (2.89%).

Naturgy (-0.83%), PharmaMar (-0.71%), Ferrovial (-0.5%), Endesa (-0.25%) and Enagas (-0.19) were placed in the negative territory. %).

The rest of the European stock markets have also closed in 'green', with increases of 0.72% in London, 1.3% in Paris, 1.59% in Frankfurt and 1.12% in Milan.

The price of a barrel of Brent crude oil, a reference for Europe, stood at 114.65 dollars, with an advance of 0.36%, while a barrel of WTI oil, a reference for the US, rose 0. 21%, to $114.41.

Finally, the price of the euro against the dollar stood at 1.0537 'greenbacks', while the Spanish risk premium stood at 106 basis points, with the interest required on the ten-year bond at 2.115%.