Home Business Friday of relaxation at the IBEX 35 thanks to Repsol

Friday of relaxation at the IBEX 35 thanks to Repsol

Viernes de rebote en el IBEX 35 gracias a Repsol

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The IBEX 35, instead of rising, recovers by 0.34% after five sessions of decline this Friday, with the rise of more than 3% in Repsol being fundamental for oil above 91 dollars per barrel, which has a very positive impact on its It will impact margins, but it will cause petrol and diesel prices to skyrocket and have a very negative impact on inflation.

The Spanish stock market’s main index rose 36.2 points, or 0.34%, to 10,686, although it fell 2.11% for the week and is up 5.78% for the year. In the rest of Europe, the stock markets closed with mixed signs. London is up 0.91% and Milan is up 0.15%. On the contrary, Paris fell by 0.16% and Frankfurt by 0.13%.

The stock market opened with gains that it managed to maintain throughout the session, although Wall Street’s negative opening after the start of the presentation of financial results weighed on these gains, along with the resulting threat of an attack by Iran on Israel tensions in the markets.

Oil above $91 a barrel

A barrel of Brent, the benchmark crude in Europe, rose 0.8% to $91.5 at the close; while gold rose 0.82% to settle at $2,392.04 an ounce.

The euro fell 0.8% to $1.064 at the close of trading after the European Central Bank (ECB) distanced itself from the Federal Reserve yesterday, reinforcing analysts’ view that interest rate cuts in the euro zone may begin earlier than in the United States .

Wall Street started the session with declines; the Dow Jones Industrial Average, its main indicator, fell 0.51% fifteen minutes after the market opened; The selective S&P 500 fell 0.57% and the technology Nasdaq fell 0.76%.

Repsol leads the climbs of the IBEX 35

Among the major stocks of the IBEX 35, Repsol is up 3.35% (leader of selective gains); Iberdrola, 1.12%; Telefónica, 0.74%; Inditex, 0.51%. On the contrary, Santander fell by 0.18% and BBVA by 0.69%.

The value that increases the most in the Spanish selection this Friday is Repsol with 3.35%, followed by Acciona with 2.32% and Endesa with 2.16%.

On the other side of the IBEX 35, IAG was the stock that fell the most at 3.65%; followed by Meliá with 2.49% and Sabadell with 2.01%.

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