The Ibex scores a rise in February of 6% in a volatile, and bearish, end of the month

Very volatile trend for the Ibex 35, which has fallen 1.12% to 8,225 points. All this after the very strong losses that Wall Street registered, with falls of more than 3% on the Nasdaq, due to the rise in the yield of American bonds. In Asia, the Nikkei has slumped 4%; and Wall Street is recording mixed earnings and is nervous this Friday.

Notably, while the Nasdaq accumulated a 5% drop in February, the Ibex has risen in value 6%, which has allowed it to partially close the valuation gap with Wall Street.

All this in a day that has been dominated one more day by business results. IAG, Iberia's parent company, has lost 6.9 billion euros in 2020 due to the coronavirus.

And Amadeus, specialized in airline reservations, has lost 505 million euros in 2020 due to the impact of Covid. IAG has been one of the most bullish values ​​of the session. Another value that has led the green numbers has been Cellnex, which has improved its Ebitda by 72%, to 1,182 million.

In addition, Grifols has fallen sharply despite earning 619 million euros in 2020, while Sacyr has fallen in the Continuo after presenting an annual profit of 36 million euros.

On Thursday, after the market closed, several prominent companies presented results. ACS earned 574 million in 2020, 40.3% less, due to the impact of Covid on Abertis, its toll road subsidiary. And Ferrovial lost 410 million due to the impact of the crisis on the airports. In addition, OHL recorded losses of 151 million euros during 2020.

Another company very affected by the pandemic has been the hotel company Meliá, which lost 595 million in 2020 due to the severity of the crisis.

On the positive side, Viscofan, immune to the virus, gained 16% more last year, to 122.5 million.

For its part, Colonial only earned 2 million in 2020 due to the fall in the value of its assets. Another real estate group, Merlin Properties, earned 56 million euros, 90% less, due to the impact of Covid.

In addition, Bolsamanía publishes that Telefónica will not sell its fiber network in Spain. "It is a strategic asset", said the CEO of the company, Ángel Vilá. His shares fall close to 3% and put downward pressure on the Ibex, along with BBVA, Repsol and Santander.

On the economic agenda, the Spanish CPI for February has dropped five tenths, to 0%, due to cheaper electricity; and consumer confidence in the US, prepared by the University of Michigan, has slightly exceeded the forecast, standing at 76.8.

On the rise in bond yields, Jeffrey Halley, an analyst at OANDA, says Jerome Powell's words on Tuesday and Wednesday had a reassuring effect that lasted "very little, less than 24 hours." Markets remain focused on rising inflation, which is causing strong movements in sovereign debt.

For example, the profitability of the Spanish 10-year bond, which a little more than a month ago was negative for the first time in its history, has rebounded in a few days to 0.45%, although it relaxed compared to 0.51% from Thursday.

In other markets, Brent oil fell 0.9% to $ 66.24. In addition, the euro falls in value 0.48% and changes to 1.2117 dollars; while bitcoin falls 5% to $ 46,370; and the ounce of gold fell 0.8%, to 1,760 dollars.