The Ibex 35 index closed on Monday at 9,508 points, with an improvement of 0.5 percent. It was a day of ups and downs, when the fluctuation ranged between 9,450 and 9,520 points. At the moment the market is not feeling too dizzy. And that the stock market is accumulating a profit of more than 15 percent, so far this year. It is at its highest level since February 2019.
Today, Inditex, Repsol and Telefónica have pulled the market, which is close to four cents per share. The “telecommunications” sector was agitated after the purchase offer for 20,000 million Italian public funds was launched in the capital bank CDP and the Australian investment group Macquarie in the Italian telecom telephone network. That offer competes with that launched by the venture capital fund KKR. The financial sector continues to be encouraged, especially Banco Sabadell. Its shares today have exceeded the 1.30 dollar bar since they were listed half a year ago. On the other hand, Grifols, Acciona, electrical companies and iron companies suffered.
The machines of the day do not cool the spirits of the restaurateurs. Retail sales in the euro zone grew by barely three-tenths in January, while an improvement of 1 percent was expected. Meanwhile, consumer confidence in the eurozone showed a negative 11 points, which was much worse than analysts had predicted. It remains to be seen what lesson the European Central Bank makes of these data. Tomorrow the president of the ECB Christine Lagarde died in a public appearance. On the 16th, he will have a government policy. For now, the ECB’s chief economist, Philip Lane, believes that the price of money in the coming months will rise by more than half a point, which the market expects in ten days. In the United States, factories contracted 1.6 percent in January, compared with a 1.8 percent increase the previous month.
And “tatting”. Shares of British luxury manufacturer Aston Martin had floated on the London Stock Exchange. At some point they rose by more than twenty percent, after Fernando Alonso took a respectable third place this weekend in the Bahrain Formula One Grand Prix, whose titles are trading at £2.75 this afternoon. They are up 200 percent from the low they fell to last November. But it is still a long way from the levels reached in October 2018, when the company jumped on the London stock market. Today Aston Martin is worth more than £2bn, up from £5bn a year and a half ago. The company made losses last financial year. The red numbers exceeded 520 million pounds sterling in 2022. The betting market is better this year.
In the secondary debt market, prices rose slightly and yields fell. The ten-year Spanish bond yield stands at 3.74 percent. The German “bund” offers 2.71 percent for the same term. Tomorrow the Treasury will return to the market, with a new auction of 6 and 12 month bills. In terms of raw materials, the price of oil is taking a small step. Brent crude from the North Sea settled at $85 this afternoon. In cryptocurrencies, bitcoin corrected up to $22,500 after learning about the possible and imminent destruction of the “cryptobank” Silvergate.
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