IBEX slumps into the red despite upbeat U.S. economic data

Spanish stocks fell again. Despite better-than-expected U.S. jobs data and a bullish start on Wall Street, the main Spanish stock index, the Ibex 35, fell 0.39% on Thursday after rebounding from five consecutive sessions of losses on Wednesday.

The Select Index, which opened negative after falling on the Tokyo Stock Exchange, eased somewhat in the final stretch of the trading day, though it ultimately fell 41 points to close at 10,558. It is still up 4.5% so far this year.

Most of the 35 values ​​that make up the IBEX ended the day in the red. Solaria (-2.06%), Indra (-2.05%), Cellnex (-1.73%), Grifols (-1.41%) and Logista (-1.20%) were the most prominent losers. Only five stocks among the selective stocks closed in the black: Telefónica (+0.40%), Aena (+0.29%), Bankinter (+0.25%), IAG (+0.10%) and Acciona Energía (+0.10%).

Other European stock indices closed down similarly to the Madrid Select Index: Milan fell 0.28%; London, 0.27%; Paris, 0.26%. Only Frankfurt rose 0.37% on the day.

The employment data temporarily dispelled concerns about a US recession, which led to a massive sell-off last Monday, and Wall Street stocks rose. At the NYSE bell, the Nasdaq rose 2.87%, the S&P 500 rose 2.30%, and the Dow Jones rose 1.76%, all of which were the best gains in more than a year.

In the raw material market, the European reference Brent crude oil price rose by 0.77% to $78.94 per barrel; the Texas benchmark price was $76.16 per barrel, down 1.22%.

On the other hand, EUR/USD is trading at 1.0912 Green NotesIn the debt market, the interest required for Spain’s 10-year bonds remained stable at 3.124%, while the risk premium remained at 86 basis points.