The Ibex looks at 9,400 after closing this Wednesday with a rise of 0.53%


The Ibex 35 has closed positive this Wednesday after revaluing 0.53% and standing at 9,359.8 basis points, on a day in which Inditex has positioned itself as the main bullish value after presenting its best fiscal first quarter, with a net profit of 1,168 million, 54% more, and sales of 7,611 million euros, 13% higher than a year earlier.

China’s foreign trade data has also been released today. In this regard, Renta 4 analysts point out that there are “new signs” of cyclical slowdown, both in terms of global demand, with a 7.5% drop in exports, and domestic demand, since imports drop by 4 ,5%.

These data “confirm the idea of ​​a deterioration of the cycle at a global level and, in the specific case of the Asian giant, could reinforce the thesis of new monetary stimuli in China”, the experts point out.

In Spain, the Public Treasury has issued 13,000 million euros in a new 10-year syndicated bond, for which it has received a demand of more than 85,000 million euros.

Sacyr (+2.41%), IAG (+1.59%), Repsol (+1.28%), Bankinter (+1.18%) have stood behind the 5.69% that Inditex has rebounded this Wednesday. ), Telefónica (+1.17%) and Fluidra (+1.17%).

On the opposite side were Acciona (-1.81%), Rovi (-1.70%), Iberdrola (-1.33%), Amadeus (-1.31%), Redeia (-1.07%) and Naturgy (-1.03%).

In the rest of the European markets, Frankfurt fell 0.20% and Paris 0.09%, while Milan rose 0.07% and London fell 0.05%.

At the close of the European trading session, a barrel of Brent was trading at $77.52, up 1.63%, while West Texas Intermediate (WTI) was at $73.08, up 1.87%.

In the debt market, the yield on the Spanish bond with a maturity of 10 years stood at 3.473%, compared to 3.371% on Tuesday. Thus, the risk premium has advanced 1.8 points, to 101.7 basis points.

In the foreign exchange market, the euro appreciated 0.10% against the dollar at the close of the European session, up to 1.0704 ‘green tickets’ for each euro.