The Ibex 35 turns around and rises 0.18% in the middle of the session, above 8,300 points

MADRID, 16 May.

The Ibex 35 turns around and rises 0.18% in the middle of the session, above 8,300 points

MADRID, 16 May. (EUROPA PRESS) -

The Ibex 35 turned around mid-session and rose 0.18% at 12:30 p.m., which led the selective to stand at 8,353.45 integers at 9:01 a.m., on a day marked by the absence of macro data , except those from China.

Specifically, retail sales in China fell by 11.1% in April compared to the same month of the previous year, while industrial production fell by 2.9%, in a context marked by the confinements derived from Covid-19 , according to data published this Monday by the Asian giant's National Statistics Office.

This week, investors will pay attention to the US retail sales data, which will be published this Tuesday, with the forecast, according to analysts, of a "slight setback" compared to the previous data, which would show a drop in the sentiment of consumers about economic expectations.

On Wednesday it will be the turn of the CPI of the United Kingdom, which also estimates a cooling compared to March, while on Thursday the minutes of the last meeting of the European Central Bank (ECB) will be published.

Also in the penultimate session, data on the real estate sector in the United States will be released.

In the middle of the session, the biggest increases were scored by ArcelorMittal (3.12%), Naturgy Energy (1.93%), Red Eléctrica (1.79%), Acciona (1.3%), Enagás (1.28% ) and ACS (1.09%), while on the opposite side were IAG (-2%), Grifols (-0.89%), Almirall (-0.86%) and Cellnex Telecom (-0.52 %).

The rest of the European stock markets were trading in the red with falls of 0.6% in the case of Frankfurt and 0.5% for Paris, while London was trading flat.

The price of a barrel of Brent crude oil, a benchmark for Europe, stood at 111 dollars, with a decrease of 0.43%, while the barrel of WTI oil, a benchmark for the US, fell 0.4% , up to 108 dollars.

Finally, the price of the euro against the dollar stood at 1.0426 'greenbacks'.


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