The Ibex 35 has closed the trading day this Monday with a slight increase of 0.03%, settling at 14,251.3 points, although it came close to reaching 14,300 points during the day.
In a day with few references, investors’ attention is focused on the meeting scheduled today between the US and China in London to resume negotiations on the trade war.
The meeting will take place between US Commerce and Treasury Secretaries, Howard Lutnick and Scott Bessent, and Chinese Vice Premier, He Lifeng, with a focus on tariffs, rare earths, and technology, according to Renta 4 analysts.
Continuing with China, it has been reported today that the country’s Consumer Price Index (CPI) registered a year-on-year decline of 0.1% in May, marking the fourth consecutive price decrease.
The most significant ‘macro’ data of the week will be the US CPI for May, which is expected to be released on Wednesday. Renta 4 anticipates a «slight rebound» from 2.3% to 2.5% in the overall rate and from 2.8% to 2.9% in the core rate. Additionally, the Federal Reserve Bank of New York will publish its one-year inflation expectations, and the University of Michigan will release its preliminary consumer confidence survey for June.
In the eurozone, Renta 4 analysts highlight the Sentix Consumer Confidence Index, which will be published tomorrow, as well as the industrial production data for April and the final inflation figures for May in Germany, France, and Spain. Additionally, Inditex will report its first-quarter results.
In this context, Fluidra was the top gainer (+2.21%), followed by IAG (+1.85%), Unicaja (+1.14%), Inditex (+1.12%), Colonial (+0.90%), and Solaria (+0.83%).
On the other hand, the main decliners on Monday were Aena (-1.24%), CaixaBank (-0.91%), Ferrovial (-0.82%), Telefónica (-0.60%), Cellnex (-0.50%), and Endesa (-0.44%).
In contrast, the rest of the European markets closed in the ‘red’ on Monday. London fell by 0.06%; Paris by 0.17%; Frankfurt by 0.54%; and Milan by 0.35%.
At the end of the European session, the Brent barrel was priced at $66.85, up 0.59%, while the West Texas Intermediate (WTI) reached $64.95, down 0.57%.
In the debt market, the yield on the Spanish 10-year sovereign bond stood at 3.143% at the close, compared to 3.153% on Friday. Consequently, the risk premium against German debt settled at 57.8 basis points.
Regarding currencies, the euro appreciated by 0.23% against the dollar at the end of the European session, trading at an exchange rate of 1.1424 dollars per euro.
FUENTE