The Ibex-35 went back and forth, but this Friday it was able to withstand Wall Street’s downward pressure better than European stock markets. The increase in stock markets on the Old Continent was led by the selective index, which saw a gain of 0.96%. This allows the indicator to close at 8,100 points and limits its weekly fall to 0.8%.
For a long time, investors have been discounting the possibility of a recession. Link Securities analysts indicated that after closing the worst semester since the pandemic, which saw losses of 7% and 8.5%, the future behavior of financial markets will be influenced largely by how the macroeconomic situation evolves, particularly how inflation performs.
It will also be relevant for the evolution equities in short/medium terms what listed companies say, when they release their figures from the second quarter and give an opinion on how they see their future businesses in which subtraction, they assure in daily analysis.
The energy companies are driving July’s opening with an increase in the number of energy companies. Iberdrola is leading the charge with a rise of 4.49%. Also, there were increases of 3% in Endesa as well as 2% in REE and Acciona Energiea.
The trend will not be evident in the July session, despite the uncertainty that characterized the first half of the year. We will need to wait until July 4, as Wall Street is on holiday next Monday, to see whether investors will be willing to take on more risk after the fall.
In the meantime, Brent quality oil was being quoted at 110.81 USD, an increase of 1.63%. The price for a barrel in the raw materials market was $107.35, an increase of 1.5%.
