Sunday, January 29, 2023

Ibex extends its bullish streak due to greatest optimism about US and China

January 16 – The main select Spanish stock market extended its bullish streak for a fifth consecutive session on Monday, hitting new highs in more than seven months, on optimism that easing prices in the United States and China again Opening up will help overcome the crisis. Recession world.

Although, although the exemption of Indian Penal Code of America And as tensions eased in China after two years of pandemic restrictions, global stock markets remained bullish in 2023. Uncertainty about inflation and a possible recession remained, as monetary leaders spoke about their cautious stance on prices. Recent warnings remind us.

It also included results from several large US banks last week, which pointed to lower interest margins in an environment of falling credit and higher deposit prices.

In this sense, other big banks such as Morgan Stanley and Goldman Sachs will publish results during the week, while Bancinter in Spain will open the ban on Thursday.

So things, at 08:06 gmt On Monday, the Spanish stock market Ibex-35 rose 32.70 points, or 0.37%, to 8,914.40, the highest level since May 30’s close, while an index of larger European ftse The EuroFirst 300 was up 0.34%.

Of the eleven days that have passed so far in 2023 including Monday, only one has shown a negative trend with the minimum percentage (-0.07%).

However, it is possible that a drop in activity will weigh on the session as Wall Street is closed for the holiday.

In the banking sector, Santander lost 0.14%, BBVA registered 0.44%, Caixabank advanced 0.23%, Sabadell advanced 0.55%, Bankinter appreciated 0.60% and Unicaja Banco lost 0.24%.

In broad non-financials, Telefonica advanced 0.17%, Inditex by 0.36%, Iberdrola by 0.28%, Cellnex by 0.19% and oil company Repsol by 0.97%.

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