United States.- The Ibex 35 yields 0.48% in the middle of the session and defends the 8,300 after Biden presented his stimulus plan

The Ibex 35 experienced a decrease of 0.48% in the mid-session this Friday, which led the selective to stand at 8,332.5 integers at 12.00.

The main Spanish index behaved like this after the president-elect of the United States, Joe Biden, announced a package of economic aid valued at 1.9 trillion dollars (1.5 trillion euros) to face the economic crisis caused by the coronavirus crisis, which has left more than 23 million cases and 388,000 deaths in the country.

Likewise, investors will be attentive to the evolution of the Covid-19 health crisis in China, where the Ministry of Health reported 144 new cases of coronavirus this Friday, its highest figure since it was confirmed just over a week ago. in the province of Hebei the last outbreak of the pandemic in the country, which already adds 87,988 accumulated cases and 4,635 deaths, the last of them a day before, thus breaking eight months without confirming any death.

In the Old Continent, this Friday it was known that the Consumer Price Index (CPI) rose in Spain by 0.2% in December in relation to the previous month and raised its interannual rate three tenths, to -0.5% , due to the rising cost of electricity and gasoline.

Meanwhile, the UK’s Gross Domestic Product (GDP) registered a 2.6% drop in November compared to the previous month, when it had grown by 0.6%, thus ending six consecutive months of expansion as a result of the reintroduction in the country of containment measures and restrictions to stop the spread of Covid-19.

Despite everything, the Ibex 35 remained clinging to the psychological level of 8,300 integers, attentive to the evolution of Covid-19 and its economic impact in Spain, the vaccination campaign and the effects of the storm ‘Filomena’.

At midday, the biggest drops were noted by Siemens Gamesa (-2.76%), Indra (-2.47%), Acerinox (-1.85%), CIE Automotive (-1.71%), Banco Sabadell ( -1.66%) and CaixaBank (-1.63%), while on the opposite side were Meliá (+ 2.45%), IAG (+ 1.4%), Aena (+ 0.85%) , Banco Santander (+ 0.21%) and BBVA (+ 0.17%).

The rest of European stock exchanges also remained in ‘red’, with the exception of Milan, which maintained a rise of 0.12% in the middle of the session. In this way, London lost 0.68%, Paris 0.7% and Frankfurt 0.49%.

In this context, a barrel of West Texas Intermediate (WTI) oil, the reference for the United States, was quoted at 52.7 dollars, while Brent crude, the reference for Europe, marked a price of 55.37 dollars.

Finally, the price of the euro against the dollar stood at 1.2127 ‘greenbacks’, while the Spanish risk premium stood at 58 basis points, with the interest required on the ten-year bond at 0.059%.

More from Author Ben Oakley here: https://globelivemedia.com/author/ben-oakley/