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The Ibex conquers 10,000 points for the first time since May 2018


The Ibex 35 has managed to close above the 10,000 point barrier after scoring a 0.66% rise in the session, a milestone that had not taken place since May 2018. The

The Ibex 35 has managed to close above the 10,000 point barrier after scoring a 0.66% rise in the session, a milestone that had not taken place since May 2018.

The selective has closed at 10,022.2 points in a day in which investors remain attentive to the meeting held by the Eurogroup to analyze, among other things, the latest macroeconomic forecasts presented by Brussels and the impact it could have on the economy The Chinese coronavirus.

Upon arrival at the meeting, the president of the Eurogroup, Mario Centeno, has assured that the economic impact of the coronavirus will be "temporary" and European governments must be "concerned" about it, but has also asked to look at the long-term economic outlook term, that "are going well for the moment."

The week has also started with the Japanese GDP data for the fourth quarter, which has registered its largest annualized fall in this period, 6.3%, as a result of the VAT increase last October and weighed down by the effect of Typhoons and the slowdown in global demand for the slowdown, according to the first estimate of the data published by the Japanese Government, which feeds the fear of the recession of the Japanese country waiting for the potential impact of the coronavirus at the start of 2020 .

In addition, the People's Bank of China (BPC) has cut the interest rate applied in its loan facility with a one-year maturity by 10 basis points, which will then reach 3.15% from the previous 3.25% , which implies the lower cost of medium-term financing since 2017 as a measure of support for Chinese entities in a context marked by the crisis opened by the coronavirus epidemic.

In this scenario, the Spanish selective has broken through the barrier of 10,000 integers, with ACS (+ 2.37%), Telefónica (+ 2.18%), Ence (+ 2.12%), Iberdrola (+1, 89%), Bankia (+ 1.57%), Endesa (+ 1.43%), CIE Automotive (+ 1.42%), Ferrovial (+ 1.27%), Acerinox (+ 1.14%), Sabadell (+ 1.1%) and Naturgy (+ 1.09%) up more than 1%.

On the contrary, in the negative terrain, the falls of Colonial (-1.29%), Mapfre (-1.28%), Repsol (-0.99%), Meliá (-0.6%) and Enagás have stood out (-0.47%).

The main European squares have also made progress on the day, 0.35% in London, 0.31% in Paris, 0.29% in Frankfurt and 0.92% in Milan.

The price of a barrel of Brent quality oil, a reference for the Old Continent, stood at $ 57.21, while Texas stood at $ 52.05.

The Spanish risk premium remained at 69 basis points, with the interest required to the ten-year bond at 0.284%, while the price of the euro against the dollar was still around 1.0835 'green notes'.

According to the criteria of The Trust Project

Know more

  • Eurogroup
  • London
  • Naturgy
  • GDP
  • Paris
  • Telefonica
  • China

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Source: elmuldo

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