The pharmaceutical company recovers from a sharp fall after presenting unaudited accounts
The Spanish stock market has started the day on a good foot and has increased its profits to 0.69%, thanks to the impulse of Grifols, which has recovered 16% after suffering a collapse of 34.93% the previous day , when it released unaudited results. At 9.20 am, the reference index of the Spanish Stock Exchange, the Ibex-35, stood at 10,069.4 points, with an annual loss of 0.33%. Also, the Spanish Stock Exchange has been favored by the records achieved by Wall Street and Tokyo, which have reflected the optimism of investors regarding the economic recovery.
The most outstanding values of the Ibex-35
Within the Ibex-35, in addition to Grifols, which has climbed 15.99%, Amadeus has also stood out, which has risen 3.75%, while ACS has led the decliners by falling 4.38% , after publishing its results this Thursday at the end of the session. In terms of large values, BBVA has added 0.67%; Telefónica, 0.63%; Repsol, 0.5%; Iberdrola, 0.3%; and Inditex, 0.27%.
International markets
On Wall Street, the Nasdaq technology index reached a new all-time high in 2021, the same day it was reported that the price index in personal consumption expenditures (PCE, in English), a key indicator that guides policy monetary policy of the US Federal Reserve (Fed), was moderated by two tenths in January. After the Nasdaq record, in Asia, the Tokyo Stock Exchange closed this morning with an increase of 1.9% and recorded a new high driven by the technology sector.
European stock markets
With the euro at $1.081 in Europe, Frankfurt gains 0.65% at the start; London, 0.59%; Milan, 0.55%; and Paris, 0.39%. The market will be waiting today for the European statistics office Eurostat to release the preliminary inflation data in the eurozone for February, after it was reduced by a tenth in January, to 2.8% and that this Thursday it was known that the Spanish CPI fell by six tenths, also to 2.8%. In addition, the unemployment rate for January in the Eurozone will also be released, as well as the final data for February for the advanced indices of activity in the manufacturing sector (PMI), and in the US, the final data for February University of Michigan Consumer Confidence Index.
Oil and debt
Brent, Europe’s benchmark crude, is down 1.7% at this time, to $82.2. In the debt market, the yield on the ten-year Spanish bond rises to 3.328%, with the risk premium at 88 basis points.
