Results and macro data have animated the different Stock Exchanges in Europe in recent meetings with FED. Ibex in the session that opened in May has risen the increasing, and renewed the maximum of last August of 105 above 10.800 points.
The Stock Exchange of Spain returns to the duty after having been three days without activity. The most favorable sign that we can see is the one that was seen in April with a + 2.3% in the Ibex that has led to a very positive start of the month.
The Ibex was 0.98% in the session, to 10,820 points, renewing the highs of August of 2015. The selective of Spain did not close above this level since August 18 of the same year. External references now include encouraging macro data on recent industrial activity in Europe, in addition to the obvious improvements in the results, as happened with BP.
Once the greatest wave of business results has passed, and with exceptions like Colonial, the attention has been diverted to the next corporate movements. Abertis (+ 0.06%) has highlighted in this section, pending the news about the possibility of Italian Atlantia launching an opa.
Among the candidates who will receive other purchase offers, highlight Dia(-0.79%). The distribution company, harassed by the bassists, has lost other support among investment firms. Raymond James’s analysts have withdrawn the recommendation of the strong buy, and advised now over-weigh.
The financial sector, the most represented in the Ibex, has been highlighted on the rise. While el Banco Popular (+ 3.57%) struggles to recover ground, to get back to 0.7 euros per share. BBVA (+ 1.24%) has been backed by analysts at Independent Research, which raised the valuation to 7.5 euros.
In the case of Santander (+ 1.15%) its shares are consolidated at the level of 6 euros on the day it pays its dividend. The other Ibex giant, thanks to market capitalization, Inditex (+ 0.64%), also paid the dividend of 0.34 euros per share. Along with the bank, Repsol (+ 0.65%) has been among the best values of the day. The oil company has received the benchmarks of BP’s rise, awarded in the stock market by the drastic improvement of the results.
The European Stock Exchanges started this month with increases. The pattern of festivity has given way to a day that has relied on the truce in risk premiums, especially in France and Greece, and with the macro data banking. Manufacturing activity has increased in the euro area up to its six-year highs.
Germany’s Dax has traded another day in the zone of historical highs, and it has managed to break the 12,500 points barriers that had been resisted during the previous days.