The Spanish Stock Market opts for profits and rises 0.39% thanks to banking

The Spanish Stock Market opts for profits and rises 0.39% thanks to banking

Madrid, Sep 15 (EFE).- The Spanish stock market, which opened this Thursday with minimal falls, opts for profits and in the first bars of the session it rose 0.39%, boosted by the banking sector.

At 9:15 a.m., the IBEX 35, the main national indicator, is trading at 8,086.60 points after recording an increase of 0.39%. With these gains, the losses for the year are reduced to 7.2%.

The Spanish stock market has started this Thursday with slight movements after a session of minimal rebounds on Wall Street, which recovered yesterday after the sharp falls it registered on Tuesday, after learning worse-than-expected data on US inflation.

Without great references, today the market’s attention will be on the US macroeconomic data, where the initial weekly jobless claims, the Philadelphia Fed’s business outlook, and above all, retail sales will be known.

In the eurozone, labor costs will be published and in France, the final CPI for August.

In this context, in which the euro remains at 0.99 dollars, the main European markets opt for gains at the open.

London stands out by rising 0.50%; followed by Frankfurt, 0.25%; Milan, 0.22%; and Paris, 0.07%.

For its part, the price of Brent oil fell 0.40% at this time, to 93.7 dollars.

In the debt market, bond yields continue to rise after the US inflation figure was released on Tuesday, which will lead the Federal Reserve (Fed) to continue raising interest rates.

Thus, the yield on the ten-year Spanish bond is listed at 2.84%, with the risk premium at 116 basis points.

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Within the Spanish market, banks are the most bullish values: Bankinter advances 3.12%; and Sabadell, 2.68%.

CaixaBank also adds 2.04%; Santander, 1.43%; and BBVA, 1.36%.

Of the rest of the great values โ€‹โ€‹of the IBEX 35, Telefรณnica scores 0.53%; Inditex, 0.13%; and Repsol, 0.12%.

Iberdrola, for its part, is the value with the lowest indicator, 1.23%, followed by Amadeus, 0.85%; and Aena, 0.80%.

(c) EFE Agency

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