The Ibex 35 defends 8,500 points in the mid-session with an advance of 0.71%

MADRID, 18 May.

The Ibex 35 defends 8,500 points in the mid-session with an advance of 0.71%


The Ibex 35 rose 0.71% in the mid-session on Wednesday and defended the 8,500-point barrier that it conquered in the early stages of the day, in a scenario marked by the evolution of the Covid-19 in China.

The selective traded at 8,536.2 points after the elimination of restrictions in cities such as Shanghai, whose authorities have set themselves the objective of returning to normality in June.

Regarding the publication of macro data, it has been known that the year-on-year inflation rate in the euro zone stood at 7.4% in April, which is the same figure as that recorded in March, so it remains the highest increase in prices in the euro region in the entire historical series. In the UK, inflation reached an all-time high of 9% in April.

In Spain, the Bank of Spain has anticipated a new downward revision of its growth forecasts for the Spanish economy, below the estimate in April (4.5%), in a context of uncertainty marked by the war in Ukraine , the rise in prices and the persistence of bottlenecks in production processes.

Regarding the war conflict, the Secretary General of NATO, Jens Stoltenberg, received this Wednesday the request for adhesion from Sweden and Finland to the military organization, a moment that he has described as a "historic step" and that he has asked to take advantage of for the benefit of collective security.

Within the Ibex 35, Siemens Gamesa shares rose 12.99% at twelve noon, after the National Securities Market Commission (CNMV) precautionarily suspended its listing and an hour later lifted the suspension after confirming its matrix that is considering taking it out of the stock market.

Behind, the biggest rises in the Ibex 35 were presented by Naturgy (3.75%), Solaria (2.64%), CaixaBank (2.56%), Colonial (1.88%), Bankinter (1.74%) , Red Eléctrica (1.64%) and Merlin (1.64%).

Only Rovi (-1.99%), Indra (-1.4%), Almirall (-1.24%), Cellnex (-1%), Meliá (-0.78%), Telefónica (-0.73%), PharmaMar (-0.4%) and BBVA (-0.17%).

With the exception of the Paris Stock Exchange, which fell by 0.08%, the rest of the main European markets showed advances in the mid-session, of 0.03% in London, 0.1% in Frankfurt and 0.1% in Milan.

The price of a barrel of Brent crude oil, a reference for Europe, stood at 113.05 dollars, with an increase of 1%, while the barrel of WTI oil, a reference for the US, rose 1.31% , up to $113.87.

Finally, the price of the euro against the dollar stood at 1.0525 'greenbacks', while the Spanish risk premium stood at 106 basis points, with the interest required on the ten-year bond at 2.104%.