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The Ibex 35 seeks to end the week at 9,000 points

The Ibex 35 opens the last session of the week to the upside and is close to 9,000 points. The national selective expands the gains registered in the previous day, from rises in Europe and Wall Street thanks to good business results in the US and a weekly US unemployment figure that showed its best record since March 2020, all in a context where doubts about inflation and its impact on the rate of economic growth continues.

The Ibex 35 rises 0.48% and stands at 8,967.90 points at the opening of a session in which the monthly expiration of derivative contracts on the Spanish stock market will take place, which almost always tends to increase volatility in the market.

In the first minutes of negotiation, CIE Automotive leads the increases of the Ibex 35 by adding 1.91%, ahead of Fluidra and of Caixabank, which add up to 1.46% and 1.37%, respectively. The pool manufacturer has formalized the purchase of Realco’s Splash & Zen business, dedicated to the sale of products for the maintenance of pools and spas in Belgium, for more than 3.5 million.

On the side of the falls, with seven values ​​in red, highlights Colonial Real Estate, which lost 0.59%. Next, Telefónica yields 0.51% and Viscofan, 0.27%. The teleco has reached an agreement with General International Telecom (GIT) for the sale of its subsidiary in El Salvador for 144 million dollars, about 125 million euros.

The european bags They start the session in green after the rises of Wall Street and the Asian markets. Frankfurt rises 0.12%; London, 0.34%; Paris, 0.40% and Milan, 0.64%. The Euro Stoxx 50 appreciated by 0.40%.

On Wall Street, the Dow Jones closed the session on Wednesday with a rise of 1.55%, the best in months, hand in hand with the quarterly results of large banks and other major companies. The S&P 500 added 1.71% and the Nasdaq, 1.73%. In addition, the Department of Labor published that the number of new requests for unemployment benefits it fell by 36,000 in the week ended October 9, to a seasonally adjusted figure of 293,000 requests, the lowest since the start of the pandemic in March 2020.

Once again, the main references for this Friday will come from USA, where the retail sales for the month of September and the preliminary reading of the consumer sentiment index for October are published. What’s more, Goldman Sachs presents its results.

To the battery of good results on Wall Street was added the relaxation of bond yields for the second day in a row, which caused the main European and US stock indices to close higher. Link Securities analysts point out that “the positive behavior of bond prices in recent days is very difficult to understand given that inflation remains uncontrolled and the energy crisis points to new upward pressures on the prices of many fossil fuels” .

The benchmark Brent oil in Europe It is already approaching $ 85 per barrel and is trading at highs not seen since 2018, while the US WTI exceeds $ 81. The increase in demand due to the post-pandemic recovery and the arrival of cold in the northern hemisphere, together with the refusal of producers such as the OPEC + To accelerate their production rate, they continue to spur prices.

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