The Ibex 35 was up 0.54% in mid-session trading, reaching 13,075.2 points, with more than half of its values in positive territory, in a week still marked by geopolitical uncertainty.
According to Renta 4 analysts, the focus this week will continue to be on tariff measures and peace negotiations in Ukraine, two issues where the United States is involved. In fact, tomorrow there will be talks between the US President, Donald Trump, and the Russian President, Vladimir Putin.
Investors will also be watching how the ‘Rearm Europe’ program is being implemented and the votes in Germany to lift the ban on increasing the deficit, allowing the country to increase public spending. Renta 4 points out that the new chancellor, Friedrich Merz, has gained the support of the ecologist party for his stimulus package.
The most anticipated event, however, will be the meeting of the US Federal Reserve (Fed). The market believes that the central bank will maintain its pause in rate cuts and official rates will remain between 4.25% and 4.5%.
«Powell [the Fed President] maintains a positive view of the American economy (solid labor market and inflation approaching 2%), but acknowledges that recent indicators point to a possible moderation in private consumption and inflation risks from tariffs,» experts say.
Meetings will also be held this week at the Bank of Japan (BoJ) and the Bank of England (BoE). In both cases, Renta 4 does not expect any changes and expects rates to remain at 0.5% and 4.5% respectively.
Among today’s data, Renta 4 highlights the figures on activity in China during the month of February which show a «certain stabilization of the economy in terms of consumption and industry, but persistence of weakness in the real estate sector.»
For the rest of the week, data on industrial production in the US; the ZEW survey for the eurozone and Germany and consumer confidence in the eurozone; and the February CPI in Japan, among others, are expected.
Returning to the Ibex 35, the biggest gains at midday were for Acciona (+1.91%), IAG (+1.84%), Repsol (+1.78%), CaixaBank (+1.57%), Indra (+1.55%) and Acerinox (+1.34%). On the other hand, the most pronounced declines were recorded by ACS (-1.28%), Inditex (-0.65%), ArcelorMittal (-0.64%), Merlin (-0.41%) and Bankinter (-0.39%).
The main European stock exchanges were also trading positively: Milan was up 0.40%; Paris, 0.39%; Frankfurt, 0.31%; and London, 0.23%.
On the other hand, the price of a barrel of Brent crude oil, the reference for the Old Continent, was at $71.43, up 1.20%, while Texas rose 1.24% to $68.01.
In the currency market, the euro against the dollar appreciated by 0.27% to 1.0908 ‘greenbacks’, while in the bond market, the yield on the 10-year bond relaxed to 3.448%, with the risk premium at 62.5 points.
On the other hand, the most pronounced declines were recorded by ACS (-1.28%), Inditex (-0.65%), ArcelorMittal (-0.64%), Merlin (-0.41%), and Bankinter (-0.39%).
The main European stock markets were also trading positively: Milan was up 0.40%; Paris, 0.39%; Frankfurt, 0.31%; and London, 0.23%.
On the other hand, the price of a barrel of Brent quality oil, the reference for the Old Continent, stood at $71.43, up 1.20%, while Texas rose 1.24% to $68.01.
In the currency market, the euro against the dollar appreciated by 0.27% to 1.0908 ‘greenbacks’, while in the bond market, the yield on the 10-year bond relaxed to 3.448%, with the risk premium at 62.5 points.
FUENTE