Tuesday, February 7, 2023

ibex 35, live share market today | Moves away from 8,900 mark without selective Wall Street reference

Ibex 35 It opened the session on a positive note on Monday and rose above the 8,900 mark, a level it had not reached since early June 2022. However, still in the first part of the day, Selected shares of the Spanish stock market rose by 0.23% and stood at 8,861.43 points. It happens Without relying on Wall Street context, where there will be no activity for Martin Luther King Day.

The national index halts after ending the previous one with a return of 2.08% due to moderation of inflation in the United States and continued economic growth in Germany. In the same period, Frankfurt grew by 3.26%; Milan, 2.4%; Paris, 2.37% and London, 1.88%.

main european stock exchanges They also start turning downwards. Frankfurt climbed 0.09%; London, 0.05% and Milan, 0.08%; While the Paris yield stood at 0.01%. The Euro Stoxx 50 fell 0.11%.

Minister of Economy and Finance of the Eurozoneeurogroup– Hold the first meeting of the year on this Monday. At the meeting they will review the economic situation with hopes of averting a recession, they will coordinate their support measures for households and companies due to energy prices and they will address the future of financial regulations.

Also, start davos economic forum which will be held from 16 to 20 January and will be attended by political, business and academic leaders from around the world.

They will be published on Tuesday China Macroeconomic Data As gross domestic product (GDP) for the fourth quarter, industrial production or retail sales, for December. Consumer price indices (CPIs) for Germany, the United Kingdom and Italy and the euro area will also be made public.

US statistics They will dominate the calendar on Wednesday and Thursday, as developments in retail sales, industrial production, the producer price index or initial requests for unemployment benefits will be known.

The week begins without reference to Wall Street, closed for Martin Luther King Day, when New York Parquet ended its last strong rise.

Nasdaq climbed 4.82%; the S&P 500, 2.67% and the Dow Jones, 2%. were in favor of growth US CPI release for December, The annual rate of which fell for the sixth month in a row and stood at 6.5%, which is six-tenths lower than in November. Core inflation fell three-tenths of a quarter to 5.7% at the year-on-year rate.

This data helped investors consider that the United States Federal Reserve (Fed) may begin to reduce interest rate hikes – now located between 4.25% and 4.5% – as inflation eases.

New York managed to avoid the effects of parquet The results of the big US banks. Although the fourth quarter figures were better than expected, the annual count showed a significant decline in profit compared to 2021, falling between 14% and 39%.

shadow of Recession was on the lips of all the officers in the sector in one way or the other. As for JPMorgan Chase top manager Jamie Dimon, he insisted the economy is “solid” but the outlook has deteriorated and he expects the country to soon face a “mild recession.” The same expression was also used by the managers of Bank of America and Citigroup.

“After a very positive start to the year for European and US stock markets, in which The Indices Have Regained A Major Part Of What They Gave Up In 2022exclusively European, from now on It will be the business results that will monopolize the attention of investors.The February meetings by the monetary policy committees of the main central banks are pending”, say analysts at Link Securities.

this Monday euro It declined further against the Dollar and traded at 1,082 ‘greenback’.

brent oil It fell 0.49% to $84.88 per barrel. Benchmark crude oil in Europe climbed 8.58% last week on hopes of a recovery in the Chinese economy following its anti-Covid measures and a decline in inflation in the United States.

Spanish 10-year bond yield rises to 3.2%, while the risk premium rises to 100.15 basis points.

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
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