The week ends turning around for the price of the main European equity references thanks to the boost received by the latest rate cut by the European Central Bank (ECB) this Thursday. The Spanish stock market, on the other hand, does not achieve the same turn as its counterparts despite the fact that in the middle of this week the Ibex 35 led the increases in Europe. At the beginning of the results season in the Old Continent, just on the day before the ECB meeting, the selective of the 35 managed to rise in the stock market and surpass its maximums of the year, breaking 12,000 points and reaching levels not seen since January 2010, although without managing to close at these desired levels. Finally, The Ibex 35 ends this week below this psychological barrier, in the 11,925.2 points, and with an increase of 1.75%.
The market was disappointed with the debut of some of the first companies to publish their annual balance sheet in Europe, especially in the technology and luxury sector. On Tuesday, Europe’s main chip producer, ASML, deeply disappointed investors. The Dutch firm published its results for this quarter in advance on its website webwhich showed a drop in their reserves, to half of what was expected by the market consensus that includes Bloomberg. This unleashed a bleeding In its price, the firm fell more than 15% in just one session and infected the continent’s stock markets. On the other hand, the first drop in Louis Vuitton sales was taken as a signal to withdraw positions in luxury companieswith which the rest of the companies in the sector fell, due to the weakness of the Chinese consumer.
The lowering of rates and the message after this Thursday’s meeting have calmed spirits in Europe, and these two companies advanced 3% in the last day, so at a weekly level the queen of chips closes with a decrease of 15% while Louis Vuitton’s parent company falls around 4%. For its part, the European reference, the EuroStoxx 50, becomes the most bearish index of the week affected by the complicated start of the accounting season, with a fall of 0.4% in the stock market. The rest of the continent closes colored of greenled by the Italian Ftse Mib, which increased its price by 2.6% in the last five days.
The Spanish reference remains in second position, with its 1.8% increase mentioned above, and which remains the most bullish on the continent this year, registering 18%. The Dax advances 1.5% weekly, although At an annual level it is hot on the heels of the Spanish reference, with its 17.4% increase in the stock market. Behind in the weekly count is the Cac 40, the French stock market gains 0.5%, although its return to the positive ground at an annual level that it had lost stands out, already in the year it rises by almost 1%.
The most bullish and bearish of the Ibex
On the other side of the Atlantic, the main stock exchanges listed on Wall Street end the European close positively. The S&P 500 and the Dow Jones show increases with 0.8% on a weekly basis thanks to the rise in retail sales in the US. The American benchmark celebrates its sixth consecutive week of rally bullish, in addition, both indices continue to trade at their historical highs. Meanwhile, andThe technological indicator, the Nasdaq 100, is the exception, falling 0.65% in the weekly count. The investors they took the disappointing ASML data as a sign of weakness for technology companies rises to the car of artificial intelligence, despite the increases in TSMCwhich took the firm to historical highs, but are insufficient to put the selective on positive ground.
This last week, 25 Ibex companies managed to turn positive. The gold medal It is taken by the multinational IAG, with an increase of 7% in the last five days. In second and third place are Endesa and Ferrovial: the firms increased their prices by 4% this week. While Solaria is this week’s red lanternfalls 8%. For their part, Puig and Repsol fell 3%.
In the raw materials market, the fall in oil to levels not seen since January stood out, around $72 per barrel of Brent, but the historical highs set by gold also stand out: $2,700. The euro, pending the ECB, once again lost ground and was moving around $1,085.
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