Ibex returns to 359,200 but US debt default is coming

Ibex returns to 359,200 but US debt default is coming

This is different from today’s macroeconomic agenda Publication of the CPI for the euro area for April. Euro zone year-on-year inflation rate It jumped a tenth in April compared to the previous month, thus reaching 7% compared to 6.9% in MarchWhile in the European Union (EU), prices rose by 8.1% in March from 8.3%, according to data published by Eurostat, accumulating five months of moderation.

Investors are keeping an eye on the debt ceiling talks in the US. US President Joe Biden, a Democrat, and Kevin McCarthy, the Republican’s top congressman, came closer to a deal on Tuesday to avoid impending default on US debt, as the threat of disaster prompted Biden to cut short a trip to Asia this week. Inspired to

The most appreciated in IBEX 35 this Wednesday were Meliá Hotels up 3.92%, IAG (Iberia) up 2.46%, Sacyr up 2.16%, Banco Sabadell up 1.84% and ArcelorMittal up 1.83% Is.

For its part, Acciona Energia fell 3.12% and led the decline in Spanish Selective, Naturgy (Gas Natural) 1.78%, Grifols A 1.70%, Solaria 1.66% and Iberdrola 1.56%.

In the banking sector, Santander advanced 0.59%, BBVA 1.08%, Caixabank advanced 1.59%, Sabadell 1.84%, Bankinter 1.48% and Unicaja Banco 0.92%.

Talgo has soared 10% on the stock market this Wednesday, following the announcement of the signing of a second order to manufacture 56 Model 230 Talgo trains for an estimated value of 1,400 million euros with German railway operator Deutsche Bahn.

Global Dominion has launched its new 2023-2026 strategic plan, which aims to increase sales and gross operating profit (EBITDA) by 5% and 7%, respectively, compared to figures for 2023, a year in which EBITDA is estimated to be around 150%. million euros.

Germany’s second largest bank Commerzbank reported a net profit of 580 million euros in the first quarter of the year, representing a 94.8% increase compared to the result of 298 million recorded in the same period of 2022. Unit.

gross domestic product (GDP). Japan recorded an expansion of 0.4% in the first quarter of the year after the stagnation seen in the previous three months, according to data published by the government Cabinet Office.

During the Asian day, the Japan Stock Exchange shrugged off the downward pressure, with the Nikkei 225 index in Tokyo rising 0.84% ​​to 30,093. The Japanese economy emerged from recession and grew faster than expected in the first quarter, thanks to a post-crisis consumption boom that offset global headwinds and strengthened hopes of a sustained recovery, it was revealed today.

Meta, the company that owns Facebook, WhatsApp and Instagram, has rejected a proposal to impose network usage charges on big technology companies, defended by telecom operators and being studied by the European Commission (EC). In his opinion, this would be harmful to both consumers and businesses.

The euro is exchanged at $1.0826 (-0.33%). Oil has risen about 2 percent. Brent is at $76.19 and WTI at $72.24.

Gold is down 0.39% ($1,989). Silver falls 0.1% ($23.87).