Main European markets close with gains except Madrid, which falls 0.09%

FRANKFURT, Germany.— The main European markets recorded profits this Wednesday, with the exception of the Spanish market, whose main indicator, the IBEX35what fell 0.09%while the euro achievement exceed $1,072at the close of operations.

The euro exceeds 1,072 dollars

The euro surpassed the 1,072 barrier this Wednesday after learning that the eurozone economy It’s stalled in the fourth quarter of last year.

The single currency was changed to $1.0721 around 16:00 GMT, compared to $1,717 in the last hours of trading on Tuesday.

For his part, the European Central Bank (ECB) set the exchange rate at 1.0713 dollars.

During the day, the office Community statistics Eurostat confirmed that the eurozone economy recorded a growth rate of 0% during the fourth quarter of last year, but employment in the common currency countries as a whole rose 0.3% in the same period.

The eurozone, therefore, dodged the technical recession at the end of 2023, which it would have entered if it had registered a negative rate between October and December that was added to that observed in the third quarter, of -0.1%.

In monetary policy, the vice president of the European Central Bank, Luis de Guindosinsisted today that the institution needs more time before lowering interest rateswhile tomorrow the president of the institution, Christine Lagardewill appear before the European Parliament.

In it United Kingdomthis Wednesday it was confirmed that the inflation remained at 4% year-on-year until January, the same rate as in December 2023, after yesterday the US CPI fell three tenths, to 3.1%, which represents a smaller decrease than expected by the markets and removes the possibility of a rapid rate cut .

The single currency has been exchanged today in a fluctuation band between 1.0723 and 1.0697 dollars.

The Spanish stock market falls 0.09%

The Spanish stock market It closed with a drop of 0.09% after having traded with increases for most of the session, although at the last minute it deflated to take the bearish path and stood out from the rest of the European stock markets.

The main Spanish selective, the IBEX 35fell 8.8 points, that fall of 0.09%, to 9,916.6 integers.

The Spanish market opened with slight losses although minutes later it reversed the trend to trade upwards for much of the day and approached 10,000 points, although the gains deflated after the opening of Wall Street, despite the rising start of the Dow Jones, and the IBEX ended in the red.

Among the large values, Inditex rose 0.26%; Santander, 0.2% and Iberdrola, 0.19%.

On the contrary, BBVA fell 0.95%; Repsol, 0.93% and Telefónica, 0.14%.

The London Stock Exchange rises 0.75%

The London Stock Exchange It closed with an increase of 0.75% due to general increases, especially in the retail sector.

The general index FTSE-100 of the main companies listed on the market grew 56.12 points to 7,568.40 points, while the secondary FTSE-250 index gained 80.06 points, or 0.42%, to 19,003.89 points.

The day was marked by the latest official data on British year-on-year inflation.

He Consumer price index (CPI) in the United Kingdom It remained at 4% in the twelve months to last January, the same rate as in December 2023, according to the Office for National Statistics (ONS).

The largest contribution to the increase came from the costs of maintaining housing and community services, such as higher gas and electricity charges, while lower prices for food and non-alcoholic beverages put downward pressure.

Among the rising companies were shares in construction company Persimmon, which rose 3.09% to 1,403 pence, while sports store chain JD Sports Fashion rose 2.66% to 108 pence.

Shares in food delivery chain Ocado rose 2.54% to 532p, while those in telecommunications company BT rose 2.44% to 104p.

Among the companies in the red are the shares of the mining company Fresnillo, which fell 1.12% to 466 pence, while those of the mining company Endeavor Mining fell 1.01% to 1,269 pence, those of Anglo American lost 0.50% to 1,747 pence and the shares of the oil company BP fell 0.68% to 476 pence.

The CAC-40 rises 0.68%

The Paris Stock Exchange recovered almost the losses of the day before and its selective CAC-40 It improved by 0.68%, which placed it again close to 7,700 points and somewhat below its all-time high.

One day after falling 0.84%, the reference indicator overcame a hesitant opening to launch gains, which increased throughout the day to end at 7,677.35 points, close to the 7,690 that would have been a new record. .

On a calm day, awaiting a barrage of business results, investors exchanged shares worth more than 2.6 billion euros.

The technology company Capgemini led the gains with a rise of 6.85%, ahead of the industrial Thales, which rose 4.08% and the electronic components manufacturer Schneider Electric, which rose 1.87%.

At the other extreme was the steel company ArcelorMittal with a drop of 0.69%, followed by the real estate company Unibail, which fell 0.49% and the online payment group Teleperformance, which fell 0.44%.

Milan rises 0.63%

The Milan Stock Exchange closed higher and its selective index FTSE MIB It advanced 0.63%, reaching 31,329.38 points, after the red numbers of the previous day due to US inflation.

For its part, the general index FTSE Italia All-Share It grew by 0.62%, up to 33,462.01 integers.

During the session, almost 623 million shares were exchanged for a value of 1,984 million euros.

After the drop the day before, caused by inflation that did not fall as expected in the United States, Milan investors attempted a comeback, betting especially on the largest Italian financial and industrial securities.

The biggest increase was from the aerospace company Leonardo (6.06%), followed by the water extractor Interpump (5.33%), the collection system Nexi (4.22%), Banca Monte Paschi Siena (2.85%), Banca Mediolanum (2.18% ) and Finecobank (1.53%).

The fashion brand Brunello Cucinelli (1.95%), Telecom Italia (1.93%) and Iveco trucks (1.43%) also won.

On the contrary, PIrelli (-1.17%), Banca Popolare Emilia Romagna (-1.12%), the oil company Saipem (-0.55%), the steel company Tenaris (-0.54%), Campari (-0.47%), the electrical network Terna (-0.43%) and the cable manufacturer Prysmian (-0.41%), among others.

The DAX 40 rises 0.38%

The main selective of the Frankfurt stock exchangehe DAX 40rose 0.38% and is again close to 17,000 points after the day before it closed negative after knowing the inflation rate in the United States.

The DAX 40 ended the session at 16,945.48 points, while the Tex DAX technology index advanced 0.51% to 3,386.91 points.

The German market has returned to the path of growth after closing in red on Tuesday after confirming that the United States inflation rate fell in January to 3.1% year-on-year, while the underlying one – that which does not take into account energy and fresh foods – remained at 3.9%.

By company, Adidas has led the advances, after its shares rose 2.5%, followed by the healthcare company Fresenius, with 2.39%, and the pharmaceutical company Merck, with 1.75%.

On the other hand, the automobile company Porsche has been the company that has lost the most, 1.14%, ahead of the energy company RWE (-1.09%) and the cement company Heidelberg Materials (-1.08%).

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