The Ibex closes sticking to annual highs, rises 2.7% in April and 9.2% in the year

The Ibex 35 has closed this Friday a week that has been positive, in which it has finally managed to surpass its highs for the year and in which it has already headed the path towards 9,000 points with a firm step. Although this Friday it has dropped slightly by 0.09%, to 8,815 points, the Spanish selective has risen by 2.74% in the accumulated for the month of April, which yields an annual gain of 9.2%.

The end of the week also ends a month that has been very quiet, in which volatility has increased to some extent in recent weeks and in which nothing has altered the pulse of investors who seem ready for the stock markets to continue advancing . We have already entered in May, with its famous 'sell in may and go away'. Whether this will be accomplished this time around remains to be seen.

BBVA, SABADELL ...

BBVA and Sabadell have published their results today. The former has risen 2.6% after earning 1.2bn in the first quarter and returning to pre-Covid levels. In addition, it has anticipated that it will begin its share buyback program in the fourth quarter and that this program will last about six months.

The second has shot up 8.7% after registering a 22% decrease in its profit. In addition, today the figures of Siemens Gamesa will be known after the closing, while, outside our country, Barclays, BNP Paribas and AstraZeneca published results.

The results have marked the week in Spain, with the publication of very relevant figures that, in general, have been well received. In this first quarter of the year, an increase in the profits of companies is being seen, since it compares with a very complicated first quarter of 2020 marked by the outbreak of the pandemic.

As for the rest, at this time the Amazon and Twitter results are still affecting stocks. The first rises 1% and the second sinks 13%. The social network ended the month of March with 199 million daily monetizable users. Despite the fact that it is a fairly high figure, the company itself expected to reach 200 million.

GDP AVALANCHE IN EUROPE

In this last weekly session, the GDPs for the first quarter of Spain, France, Germany and the euro zone were published. In Spain, GDP has fallen by 0.5%, due to the decrease in consumption and investment, thus reflecting the impact of the third wave of Covid and the storm Filomena.

For its part, the euro zone has entered recession again after a 0.6% contraction, less than expected (-0.8%) and less than that of the fourth quarter (-0.7%).

In addition, the April CPI of the euro area has risen to 1.6% and adds its fourth month of increases. Finally, the unemployment rate for March has fallen to 8.1% from 8.2% previously and against the forecast of a rise to 8.3%.

On the other hand, it should be noted that the April manufacturing PMI in China has fallen to 51.1 from 51.9 and compared to the forecast of 51.7. The non-manufacturing PMI has stood at 54.9 from 56.3. Caixin's manufacturing PMI has risen to 51.9 from 50.6 and from the estimate of 50.8.

OTHER MARKETS

The euro falls in value 0.7% and trades at $ 1.2032. Oil fell more than 2%, to 67.24 dollars for Brent and 63.30 for West Texas.

Gold and silver are up slightly to $ 1,770 and $ 26.17.

Bitcoin is up 6% ($ 56,250), and Ethereum is up 1% ($ 2.7646).

The yield of the 10-year American bond stands at 1.63% and that of the 10-year Spanish bond falls slightly to 0.47%.