The stock market fell 0.07% this Monday despite the push from Wall Street and after trading negatively for most of the day due to the falls in banks and the companies most exposed to Brazil after the assault on the main institutions of that country by supporters of former President Jair Bolsonaro.
In the first session closing of 2023 with losses after chaining a five-session upward streak, the reference index of the national parquet, the IBEX 35, has subtracted 6.2 points, that 0.07%, to 8,694.9 integers (levels from last June), according to market data collected by EFE.
The stock market tried to rise at the opening after the strong rebound on Wall Street last Friday with rises of 2% and the advances in Asia at dawn after the reopening of China’s borders (Hong Kong added 1.89% and Seoul 2 .63%, while Tokyo has closed for a holiday), but fell into losses and yielded the level of 8,700.
This downward trend and opposite to that of the rest of Europe did not change despite the fact that manufacturing production in Germany grew 0.2% in November compared to the previous month and that unemployment in the euro area remained in November at the record low of 6 ,5 %.
The Spanish selective managed to get into the benefits thanks to the push this afternoon from Wall Street (at the European close, the Dow Jones rose 0.85%), although it finally opted for the slight losses after the closing auction.
The improvement in the Sentix investor confidence index for the euro area in January was also known this Monday (although it remains in negative territory) at a time when, according to Link Securities, investors are betting on a “soft landing” for the economy, lower inflation and less harsh monetary policies.
In this context, the euro appreciated almost 1% compared to the “green ticket”, at 1.075 dollars, while the gains have been imposed in Europe: Frankfurt has risen 1.25%; Milan 0.81%; Paris 0.68% and London 0.33%.
Repsol, affected by the Brazilian crisis and at the end of Friday the term to hold its shares and collect its dividend on Wednesday, has been the worst in the IBEX, losing 2.34% on a bad day for the rest of the energy sector and the bank.
After Repsol, Endesa fell 1.73% and Unicaja 1.66%, while Banco Santander, Iberdrola and Telefónica each fell 0.89%, 0.6% and 0.06 %.
For their part, BBVA (1.08%) and Inditex (0.34%) have opted for promotions led by Solaria, with a rise of 4.36%, after receiving an improved recommendation. After it, the tourist values IAG and Mélia Hotels have appreciated, respectively, 3.38% and 2% due to the reopening of China.
Brent crude, a benchmark in Europe, moderated the rises of 3% in the morning to the middle shortly after the European stock market close and was trading at $ 79.77 a barrel, while TTF gas, also a benchmark, appreciated the 7.55%, to 74.8 euros per megawatt (MWh).
The yield of the Spanish bond rises slightly to 3.262%, with the risk premium at 103.8 basis points.
The troy ounce of gold rose 0.57% to $1,876 (levels from last May), and bitcoin advanced 2% to $17,304 (levels from December 16).