The Ibex ends its bullish streak but still holds 8,900 points

The Ibex-35 ended the session in negative with a slight decrease in 0.

The Ibex ends its bullish streak but still holds 8,900 points

The Ibex-35 ended the session in negative with a slight decrease in 0.03%. This means it has ended its bullish streak of six consecutive sessions of rising, but it has maintained above 8,900 points. However, the sector of tourism was at the top of the selective in a day marked with Wall Street's festivity for 'Memorial Day.

Today's publication revealed that the Consumer Price Index (CPI), which rose 0.8% in May relative to the previous month, increased its interannual rate by four tenths to 8.7% due to an increase in gasoline prices as well as food prices.

The General Index of Export Prices of Industrial Products also registered an interannual growth of 21.1% in April. This was four tenths higher than the March rate, and the largest interannual rise since January 2006.

Concerning statements by the European Central Bank (ECB), Philip Lane, the chief economist, stated in an interview that he believes it is appropriate to end negative interest rates within the euro area in a gradual manner. He also said that he thinks it appropriate to raise rates 25 basis points in July and September to maintain a "reference pace" in the face more severe rises in money prices.

The Russian Federation also plans to use a similar mechanism to collect gas exports to pay investors. After the United States blocked payment in dollars for Russia's debt last week, denominated in currencies.

The Ibex 35-closed at 8,930 points. The biggest increases in the index were registered by IAG (2.88%), Melia (2.62%), Fluidra (2.53%), PharmaMar (2.17%), BBVA (2.20%), Sabadell (1.84%) and Rovi (1.31%)

Solaria (-4.89%), Acciona (+2.49%), Cellnex (+2.33%), Cellnex +2.33%), Iberdrola -1.72%), Grifols -1) were the only ones that stood out in the negative zone. .26%) and Mapfre (-11.24%), Red Electrica (-1.18).

Contrary to the Ibex's assertion, all European stock markets closed positive with advances of 0.19% in London, 0.72% Paris, 0.79% Frankfurt, and 0.70% Milan.

Brent crude oil, which is a reference oil for Europe, was more expensive than 120 dollars. The barrel of WTI oil (a reference oil for the US) rose 1.0% to $116.2.

The euro was priced at 1.0777 greenbacks against the dollar. The Spanish risk premium stood out at 108.7 base points and the interest on the 10-year bond stood at 2.122%.

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