The Ibex recovers 35 8,200

In the middle of a session, the IBEX 35, rose 0.89% to 8,211 points. The largest increases during the opening hours of the Ibex 35 are related to Grifols Awhich advanced 5.56% in the 18,3150 euros and the banks Sabadell Bank (+ 5.41% at 0.7176 euros) and BBVA (+ 4.04% to 4.7640 euros).

Melia Hotels He started the day positively after presenting his accounts last night, but at the moment he is leading the reductions with a subtraction of 8.74% in the 7.00 euros. Endesa The 18,9750 euros decreased by 1.63% and Repsol 1.62% remains up to 13.35 euros.

At the macroeconomic level, there are few references for investors to talk about in Spain today, so focus beyond our borders: Italy will publish industrial production for March and Germany will publish ZEW’s investor confidence index for May. also. information about the euro area.

Across the Atlantic, the U.S. Retail Sales Red Book will be released and statements from several FOMC members are expected before inflation figures are released April tomorrow.

And the main reference of the week is the US CPI which will be published last Wednesday, and which may give new clues as to the course of tightening the monetary policy of the Federal Reserve. Even though, in Spain to get information on the CPI data we will have to wait until Friday.

In the debt markets, the Spain’s risk premium stands at 111 basis points, with the ten – year debt bond offering a return of 2.21%, for the 1.09% paid by the German bund. In the US, the ten-year benchmark bond yields a return of 3.06%.

In the business arena, the roundabout of quarterly results, today continues to dominate Endesa, which received a net profit of 338 million euros in the first quarter, 31.2% less than the same period of the previous year.

It is the gross operating product (Ebitda) of Endesa At the end of March it was 914 million euros, a decrease of 10.4% compared to the first three months of 2021, and revenue was 7,596 million euros, with a growth of 59.1%. Despite this decline in profits, Endesa has secured its financial objectives for 2022 of a net net return of 1,800 million euros and an Ebitda of 4,100 million euros.

Yesterday at closing time it was the hotel’s turn Melia Hotelswhich showed net losses of 59.3 million euros in the first quarter, nevertheless showing an improvement of 54.7% compared to the data for the same period of 2021.

The hotel company’s revenue was 271.4 million euros, more than triple the previous year (+ 255.5%), but still 20.9% below the 2019 figure. Operating costs increased 94.1% on the previous year, up 246 million euros. Gross operating product (Ebitda) was 22.7 million euros, 73.9 million above the negative return of 51.2 million euros in the previous year. At the end of the period, the company had liquidity of more than 310 million euros.

Even though, Repsol yesterday told the regulator to redeem € 75,000,000 in exchequer shares to pay shareholders.

Then Ongoing MarketMiquel y Cost reported that its profit fell to 7.9 million euros in the first quarter, although the company has confirmed its estimates for 2022 as a whole.
Investors should also pay attention to the price of Audax Renovables, which announced the start of construction of the photovoltaic project La Miranda.

Excluding Ibex shares, the biggest rises in the Continuum are for Atrys and Soltec, with ISE leading the fall.

Deterioration oil spreads after its greatest drop in two months

In the rest of the European markets, the DAX rises 1.4%, to 13,575.06 dollars, the FTSE-100 advances 0.6%, over 7,261.74 points, the CAC 40 advanced by just over one percentage point, to 6,151.33 points, the EURO STOCX 50 it rises to 3,574.25 points and the FTSE MIB kicks off the session with increases of more than one percentage point, on 23,063 integers.

In the Asian session, Tokyo’s Nikkei finally recorded 0.5% declines, while China’s major stock markets picked up increases.

Meanwhile, Wall Street’s futures this morning show a timid rebound after another very difficult day yesterday, in which Nasdaq technology caused the fall again leaving 4.3%.

In commodity markets, declines in oil prices slowed due to fears that a severe lockout in China would erode global demand for crude oil. “China’s Covid situation, rising rates and rising recession risks are not helping risk assets,” said Warren Patterson, head of commodity research at ING.

Los oil futures The Brent Benchmark in Europe fell 0.6% to $ 105.02 a barrel, while the US West Texas fell 0.8% to $ 102.30 a barrel. both references yesterday recorded the biggest drop since Marchleaving 5% and 6%, respectively.

The price of gold, which fell 1.5% this morning to 1,865 dollars an ounce, was also down. In foreign exchange markets, the euro is exchanged for 1,055 dollars.