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Madrid, March 1 (EFECOM).- The stock market has fallen 0.65% in a week marked by business results, while investors have continued to pay attention to current data, with inflation indicators in Europe and the US, to deal with to anticipate the next movements in interest rates.
The IBEX 35, the main selective of the Stock Market, has fallen 0.65% in the week, after the rebound of 2.47% the previous week, although it manages to maintain 10,000 points by closing at 10,064.7 integers.
During the year, the IBEX accumulated a fall of 0.37%.
Business results have marked the evolution of the market this week, with increases in companies such as Indra, which led the increases on Wednesday and in the week has accumulated a rebound of 11.05% (the biggest advance on the IBEX in the week), or Fluidra, which led the increases on Thursday and in the cumulative total of the week has achieved an advance of 8.26% (second highest weekly increase).
On the contrary, other companies that have also presented results have not been so well received by the market, such as Naturgy, which fell 0.71% on Tuesday when it presented its accounts, despite having earned 20% more, and in the week has registered a decline of 8.82% (third largest drop on the IBEX) or Amadeus, which has dropped 5.41% in the week (sixth largest drop).
For its part, Grifols has experienced a week of ups and downs on the stock market with a collapse on Thursday, when after presenting unaudited accounts with a profit of 71% lower, it gave up almost 35%, although this Friday it rebounded 18.35% after a new statement to the CNMV, so in the week the accumulated fall was 21.91% (the largest fall of the week for the IBEX).
Among the large values, Telefónica has risen 1.22% in the week; Santander, 0.98%; Repsol, 0.93% and Inditex, 0.22%. On the contrary, Iberdrola has fallen 1.18% and BBVA 0.72% in the accumulated value of the last five sessions.
Investors are still awaiting indicators that may show signs of the next monetary policy steps of the major central banks, waiting for the European Central Bank (ECB) to meet next week.
“It has been a calm and transitional week,” said Alfredo Jiménez, director of Studies at the Spanish Institute of Analysts, in an interview with EFE, in which he pointed out that the markets are awaiting the ECB meeting, where they expect it to go ahead. There may be maintenance of rates, although they are very attentive to updating inflation and growth forecasts.
This Thursday week it was known that the Personal Consumption Deflator data in the United States was softened, which serves as a thermometer of price increases for the Federal Reserve (Fed), while today the inflation data in the eurozone was published, which It fell two tenths in February to 2.6%.
Indicators that would support the possibility of rate cuts, which the market expects for the second half of the year.
“Market sentiment remains positive, with major stock markets at record highs driven by corporate results and economic resilience. Although the first rate cuts have been delayed, investors remain confident that inflation will stabilize at targets of central banks in the middle of the year,” says Joaquín Robles, XTB analyst.
With the euro at 1,082 dollars, the European stock markets have closed the weekly accumulation with a mixed sign. Paris has fallen 0.41% in the week and London, 0.31%. For its part, Frankfurt has advanced 1.81% and Milan, 0.71%.
For its part, Wall Street remained at historic highs this Friday with the small gains it recorded after the opening, after positive data from the manufacturing sector was released and despite the drop in the confidence of American consumers.
In the raw materials market, a barrel of Brent oil, a benchmark in Europe, was trading at $83.98 at the close of European stock exchanges, compared to $80.80 at which it closed last Friday.
For its part, the troy ounce of gold ended the week at $2,075.04 compared to $2,034.95 a week ago.
In the debt market, the Spanish bond ended the week with a rise on Friday of 2 basis points that led it to end the week with a profitability of 3.3%, compared to 3.249% seven days ago. EFECOM
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