The Ibex-35 rises, driven by business results and US stimulus

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 The Ibex-35 opened higher on Thursday and hit new pre-pandemic highs thanks to both good national and global business results and encouraging statements from the US president and the Federal Reserve.Markets looked comforted as the US central bank confirmed it was too early to consider withdrawing emergency support to the economy, and the US president unveiled a new $1.8 trillion stimulus program.

This Wednesday the focus is on GDP for the first quarter and weekly unemployment in the United States, in addition to inflation and indicators of economic confidence in the eurozone.

In this context, at 07:32 GMT on Thursday, the selective Spanish stock market Ibex-35 rose 56.10 points, 0.64%, to 8,856.50 points, while the index of large European securities FTSE Eurofirst 300 advanced 0.44%.

At the top of the index, Meliá (MC: MEL ) rose 2.87%.

The insurance company Línea Directa Aseguradora (LDA) shot up to 28.2%, becoming the first IPO that has been registered on the Ibex this year, carried out through a “listing” procedure.

across the board, DIA (MC: DIDA ) dropped 8.02% after announcing that it will submit to the board a price of 0.02 euros for each new share in the capital increase announced in March.

Spanish airport operator Aena (MC: AENA ) also fell slightly , after posting a loss of 241 million euros in the first quarter.

Outside the Ibex, Laboratorios Farmacéuticos ROVI gained 2.01% after announcing the increase in production of Moderna’s COVID-19 vaccine at its facilities.

In the banking sector, Santander (MC:) was up 0.38%, BBVA (MC: BBVA ) was up 0.82%, Caixabank (MC: CABK ) was up 0.04%, and Sabadell (MC: ) earned 0.59%.

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Among the large non-financial stocks, Telefónica (MC: ) was up 0.39%, Inditex (MC: ITX ) was up 0.85%, Iberdrola (MC: IBE ) was up 0.66%, Cellnex ( MC:  ) gained 0.70% and oil company Repsol (MC: REP ) lost 0.53% after the publication of results.

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