The Ibex 35 loses strength at the end of the session but manages to stay above the 9,700 points

Thus, although the banks have been located throughout the day in the upper part of the table, finally the gains in the Spanish index have been led by Ferrovial (+1.59%). He was followed by Arcelormittal (+1.29%) and Indra (+1.21%).

In addition, Siemens Gamesa has revalued by 0.08% (throughout the session has risen strongly) after presenting on Thursday the details of its strategic plan 2018-2020 and announce 2 billion in cost savings.

It is also worth mentioning the supermarket chain Dia, which has undergone a small revaluation (+0.13%) after the US bank Goldman Sachs has increased its shareholding position to 4.768%.

On the other hand, the losses were headed by Técnicas Reunidas (-1.71%), followed by Acciona (-1.18%) and Gas Natural (-0.95%).

In the Continuous Market, aeronautics Airbus has been the company with the most profits after having announced that it has multiplied by three its profit in 2017 and has raised the charge for additional costs of A400M to 1,300 million. Likewise, Coca-Cola European Partners has risen more than 4.3% after knowing that it obtained a net profit of 688 million euros in 2017, 25% more than a year before.

OTHER BAGS

On the other hand, the main European stock markets, despite having experienced gains of 1% on average throughout the day, have also lost strength in the last moments until closing with slight increases and, even in the case of the German Dax 30, end in red. Of course, the French Cac 40 has blunting with a rise of 1.12%. In addition, in Asia the rises this morning have been 1.5% on average (Nikkei: + 1.47%).

All this adds to the strong gains that Wall Street once again achieved on Wednesday, which dodged inflationary pressures after the January CPI was above expectations. At the close of the Spanish market, the New York Stock Exchange showed increases of 0.3% on average in its three main indices.

The fear of an increase in inflation and its consequences in monetary policy is serving as an excuse to justify the falls in the stock markets of recent times, but this Wednesday, after a volatile day, the indices chose to ignore it and continue bouncing.

"The prospect of more rate hikes than initially anticipated throughout the year does not seem to be causing the same dismay in the stock markets as a week ago," said Michael Hewson, chief analyst at CMC Markets in the UK.

MACROECONOMY AND BCE

In the macroeconomic area, this Thursday it was known that the CPI of Spain showed a decrease in prices during January, falling to 0.6%. As a result, the Foundation of Savings Banks (Funcas) has estimated an inflation of 1.5% in 2018.

Also, this session also the European Parliament has issued an opinion on the candidates for the vice-presidency of the ECB. In fact, one could say that it is a setback for the candidacy of the Spanish Economy Minister, Luis de Guindos, since the European Parliament has preferred its 'opponent', Philip Lane.

In terms of raw materials, oil is left at the close of the Ibex 0.75% after rising 1% in the past day and first hour after a figure of less than expected stocks of crude oil in the United States and the latest statements from Saudi Arabia.