The IBEX 35 is not yet ready for Easter

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The IBEX 35 has returned from the Easter holidays under the sign of sales and has fallen by 0.89% this Easter Tuesday, losing the level of 11,000 points weighed down by losses on Wall Street, after the emergence of new indicators that show the resistance of the IBEX 35 show US labor market, which could complicate possible interest rate cuts by the Fed.

The IBEX 35, the stock exchange’s leading index, lost 99 points, or 0.89%, to 10,975.6 points, despite recording an increase of 8.65% over the year. With a euro exchange rate of 1,076 dollars, the European stock markets closed in the red after, like the IBEX 35, they closed on Easter Monday. Milan is down 1.22%; Frankfurt, 1.13%; Paris, 0.92%; and London 0.22%.

Negative opening

The stock market began with declines that it managed to reverse during the morning, although it subsequently returned to the downward trend followed by Wall Street, trading in the red after it was announced that job vacancies in the United States remained stable. .

Inflation in Germany

During the meeting it was announced that German inflation was 2.2% in March, the lowest value since April 2021, according to preliminary figures from the Federal Statistical Office on Tuesday.

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This Tuesday was also released the PMI index of manufacturing activity in the euro zone for March, prepared by S&P Global, which fell to 46.1, its three-month low, accumulating with this decline a year of decline. , although the pace of contraction has slowed.

Repsol, Caixabank and Bankinter lead the few increases in the IBEX 35

After Repsol’s rise, Caixabank was the next stock to rise the most in the IBEX 35, up 2.03%, followed by Bankinter with 1.62%.

On the contrary, Cellnex was the stock that fell the most at 3.88%; followed by Colonial with 3.83% and Ferrovial with 3.49%.

In the continuous market, the declines of Soltec stood out, which fell by 7.39% (the value that fell the most) after announcing the restatement of its 2023 financial statements, when it recorded losses of 23.4 million euros , compared to gains of 11.7 million reported in February.

Spain’s 10-year bond fell 10.2 basis points to a yield of 3.25%.

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