The Ibex-35 tries to consolidate the 9,100 points with all the attention in the CPI of the US

By: News Team

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The Ibex-35 tries to consolidate the 9,100 points with all the attention in the CPI of the US

Spain’s stock index Ibex-35 It opened on Friday with a slight rebound and tried to maintain 9,100 points after the blow of the previous session, while waiting for a indicator of inflation in the United States that if higher than expected could derail hopes of a near end to monetary tightening.

“(…) some moderation is expected in general CPI (+6.2%e and +6.5% previously) and core CPI (+5.5%e and +5.7% previously), but for which we do not rule out that it may surprise negatively given the latest known data on the price of second-hand vehicles +2.5% or fuels +9% in January, “said the Spanish brokerage house Renta 4 (BME:RTA4) in its morning report.

In the midst of the debate on how far interest rate hikes will go in the major economies, investors will examine with a magnifying glass the macroeconomic data that may provide clues about the monetary future.

In addition to the CPI of the United States, which will be released on Tuesday, the data of industrial production and retail sales (Wednesday) in the United States stand out, as well as the GDP of the fourth quarter (Tuesday) and industrial production (Wednesday) in the euro area, and the British GDP of January (Wednesday).

In the background, the quarterly results will continue to provide information on the impact of higher prices, rate hikes and the economic slowdown on business activity.

Among others, they will publish their figures this week: Naturgy (BME:NTGY) (Wednesday) and Repsol (BME:REP) (Thursday) in Spain; Carrefour (EPA:CARR) (Tuesday), Orange (EPA:PRAY), Renault (EPA:RENA) and Airbus (EPA:AIR) (Thursday) in France; Nestlé (SIX:NESN) (Thursday) in Switzerland; and Allianz (ETR:ALVG) (Friday) in Germany.

At 08:05 GMT on Monday, Spain’s selective Ibex-35 was up 13.40 points, or 0.14%, at 9,130.80 points, while the FTSE index of large European stocks Eurofirst 300 advanced 0.19%.

In the banking sector, Santander (BME:SAINT) rose 0.07%, BBVA (BME:BBVA) was recorded by 0.34%, Caixabank (BME:CABK) advanced 0.35%, Sabadell (BME:KNOW) gained 0.52%, Bankinter (BME:BKT) rose 0.46% and Unicaja Banco rose 0.27%.

Among the large non-financial securities, Telefónica (BME:TEF) was recorded by 0.17%, Inditex (BME:ITX) yielded 0.11%, Iberdrola (BME:IBE) was revalued by 0.38%, Cellnex (BME:CLNX) gained 0.70% and oil company Repsol lost 0.55%.

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