The Ibex begins the week with a fall of 0.1%, but maintains the 8,000 integers

The Ibex begins the week with a fall of 0.1%, but maintains the 8,000 integers

The rest of the European stock markets opened, on the other hand, with falls of 0.27% in London, 0.19% in Paris, 0.38% in Frankfurt and 0.34% in Milan.
The rest of the European stock markets opened, on the other hand, with falls of 0.27% in London, 0.19% in Paris, 0.38% in Frankfurt and 0.34% in Milan.

The Ibex 35 began the session this Monday in negative, with a fall of 0.12% around 09:01 am, although it maintained the 8,000 integers, pending the meeting of the Federal Reserve (Fed) of the United States.

Investors expect the central bank to undertake a rise of 75 basis points, although the possibility of an increase of 100 points is not ruled out, according to XTB analyst Joaquín Robles.

Investors will also be waiting this week for the publication of macroeconomic data, such as the GDP of the United States, Germany or Spain. The July CPI data for the eurozone and Spain will also be released.

The presentation of business results will continue, with the accounts of Microsoft, Alphabet, Meta Platforms (Facebook), Apple and Amazon. At the national level, the large Ibex companies such as Santander, BBVA, Repsol, Iberdrola or Meliá will also announce their accounts for the first half of the year.

It should be noted that this Monday Telefónica announced the sale of 45% of its fiber optic company in rural areas of Spain to a consortium formed by Vauban Infrastructure Partners, an investment fund of Natixis and Predica, part of the insurance business of Crédit Agricole, for 1,021 million euros.

Telefónica will form the company Bluevia with the consortium of French firms, which will receive 3.5 million real estate units passed through fiber optics from the group and will be valued at 2,500 million euros.

Continuing in the telephone operator market, this weekend the merger agreement between Orange and MásMóvil in Spain was announced, which will mean the creation of the second mobile telephone operator in the domestic market.

The value of the ‘joint venture’, controlled 50% by both companies, has been set at 18,600 million euros, which represents a cut in the valuation of almost 1,000 million euros with what was established in March of this year, when the start of exclusive negotiations were announced.

In this context, the Ibex 35 opened this Monday’s session at 8,041.7 integers, with Bankinter (+1.47%), Ferrovial (+0.95%), Mapfre (+0.46%), CaixaBank ( +0.39%), Sacyr (+0.35%) and Enagás (+0.32%) as the most notable increases.

On the other hand, the greatest setbacks were recorded by Naturgy (-1.98%), ArcerlorMittal (-1.26%), Inditex (-1.06%), Repsol (-0.87%), Acciona Energía (- 0.76%), Pharma Mar (-0.69%), Grifols (-0.55%) and Banco Sabadell (-0.38%).

The rest of the European stock markets opened, on the other hand, with falls of 0.27% in London, 0.19% in Paris, 0.38% in Frankfurt and 0.34% in Milan.

On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 102.29 dollars, with a decrease of 0.88%, while Texas stood at 93, 59 dollars, after rising 1.17%.

Finally, the price of the euro against the dollar stood at 1.0192 ‘greenbacks’, while the Spanish risk premium stood at 122 basis points, with the interest required on the ten-year bond at 2.261%.

Samuel Edwards
Samuel Edwards is the name you must have heard many times while reading reports related to Finance, that's what he is good at. From Major Investments to Stock Market Updates, he got 'em all. Be ready to blow your mind by the mind-blowing reports of Finance World from Samuel Edwards.