• Spanish index rebounded from levels of support
  • US employment data for June showed an increase of 222,000 jobs
trump merkel

The Ibex 35 fell 0.09% on Friday and closed practically flat at 10,488 points. In the end it was confirmed that there were five sessions of transition, marked by the holiday in the US and the capital injection of Santander. The preemptive rights of the bank fell 7.7%, while its shares fell 1.3%.

IBEX 35

  • 11.465,100
  • -0,02%

The Ibex was on tenterhooks this Friday, debating between breaking support (10,380) or rebounding, something it has not achieved since last Friday.

Among the movers today were Acciona, which gained 2%, along with Amadeus on 1.52% and IAG on 1.34%. The worst performers were Mediaset with a loss of 2.70%, after JPMorgan lowered its target price on Thursday. It was followed by Caixabank on -1.80% and Gamesa on -1.79%. Among the blue chips, Inditex gained 0.43%, Telefonica 0.3%, Iberdrola 0.06%, while BBVA fell 0.15%.

DIA’s shares fell 1.3%, hampered by Carrefour, which fell 5.06% in France after it reported results for the second quarter.

All this comes in a day in which the important data is the employment report in the US showed a net growth of 222,000 jobs, above the 179,000 expected.. The unemployment rate was raised by one decimal point in June to 4.4%.

In other news, all the geopolitical attention turned toward Hamburg for the G20 summit, where US President Donald Trump and Angela Merkel will face off. Trump also met Vladimir Putin for the first time, after allegations of Russian interference in the 2016 US presidential election.

Benoit Coeure, board member of the European Central Bank, said on Friday in an interview that the recovery has finally arrived to the eurozone. However, he added that it makes sense for the central bank not to lower its guard as the recovery is cyclical.

In commodities, oil prices fell 3% in trading after US inventories in the US, which showed an increase in production.

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