The IBEX 35 is up 0.96% to 9,581.2 points, a level not seen since late July, posting its sixth straight day of gains helped by Wall Street’s upbeat open . Acciona Energía is the company that is growing the most, with more than 5%, and among the big ones Iberdrola and Telefónica.
The IBEX 35, the stock market’s main index, is up 91.1 points, or 0.96%, to 9,581.2 integers and is up 16.43% for the year. The other big players also closed the session with increases; London is up 1.72%; Milan, 1.21%; Frankfurt 0.88% and Paris 0.67%.
Spain’s selective market started the session on a positive note, extending gains after Wall Street opened, helped by the fall in consumer confidence in the United States, which could be a fresh sign of slowing inflation.
Wall Street, outdoor rally
The Dow Jones Industrials, Wall Street’s main index, opened up 0.1% and closed European stock markets up 0.57%.
Also released this Tuesday in the US was the JOLTS job vacancy survey, showing a loss of traction, although the imbalance between available jobs and the number of unemployed remains.
Bankinter analysts believe that both the deterioration in consumer confidence and the loss of traction in employment would have a positive impact on the expectation of a slowdown in inflation in the coming months and would provide arguments for the Federal Reserve (Fed) suspend rate hikes at next meeting .
In Europe, the consumer confidence indicator compiled by GfK was published in Germany this Tuesday. The index fell again in August, suggesting that consumption’s contribution to the country’s economy will be limited in the coming months.
Acciona Energía, the value that increases the most on the IBEX 35
On the IBEX, Acciona Energía is the fastest-growing stock, up 5.2% after announcing on Monday a program to buy back its own shares with a maximum investment of almost 173 million euros.
Among the big names, Iberdrola rose 1.63%; Telephone: 1.5%; BBVA: 0.99%; Inditex, 0.88%; Repsol, 0.74%; on the contrary, Santander fell by 0.3%.
In the commodity market, Brent oil, a benchmark in Europe, rose 0.41% to trade at $84.77 a barrel; while the euro gains 0.32% and exchanges at $1.085.
Gold, meanwhile, is up 0.86% to trade at $1,936.69 an ounce.