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Monday, March 27, 2023

European stock markets opened with mixed signals pending IPC and US elections

IBEX 35 started this Wednesday’s session with a drop of 0.22%, which led to the selective standing at 7,981 integers, but that changed after a few minutes and managed to win over 8,000 integers.

Awaiting the publication of new macro data this Wednesday, major European markets also woke up to the downside, with Frankfurt down 0.4%; 0.3% in London and 0.2% in Paris at CAC 40. Milan, for its part, woke up flat. The EUR STOXX 50 fell 0.23%.

Notably, at 9:19 a.m., the Madrid selective rose 0.3% to a round of 8,026, marked by the results of the United States midterm election (or ‘midterm’) which, for now, counted votes in absentia. After finishing, they give victory to the Democrats Senate and Republicans in the House of RepresentativesWhere 435 seats are at stake.

In the first bar of this Wednesday’s session, the biggest declines were reported by Indra (-0.7%), IAG (Iberia) (-0.6%) and Grifols A (-0.5%), while the biggest increase was reported by energy companies. Gone, with Iberdrola in the lead (+1.5%). It was followed by Naturgy, whose shares rose 1.3%, and Endesa and Enagás gained about 0.5%.

Iberdrola will invest a record figure of 47,000 million between 2023 and 2025 to promote energy transition, employment and zero net emissions, as published by the company in the National Securities Markets Commission (CNMV). The Group is celebrating its Capital Markets Day in London today.

€27 billion will be allocated to the network to reach an asset base of €56 billion in 2025. €17 billion investment in renewable energy with a total capacity of 52,000 MW at the end of the period. The United States will be the main investment destination (47% including organic investment and integration of PNM resources), followed by the United Kingdom (16%), Spain (13%) and Latin America (11%). The company will also boost its presence in other European markets such as Germany and France, and Australia, to which it will allocate 13% of the total investment.

Ercros reported a net profit of €50.52 million in the first nine months of the year, representing an increase of 93.1% compared to the same period last year, the company reported to the National Securities Markets Commission (CNMV).

Berkeley Energia has appointed an advisory committee to the board of directors of its Spanish subsidiary, which owns the uranium mine project in Salamanca, which is currently in ‘dead line’ status due to the government’s denial of authorization, which Will be built over Rafael Miranda, Jaime García-Legaz and Miguel Riano, the company reported to the National Securities Markets Commission (CNMV).

Orizon Genomics has received IND (Investigational New Drug Application) approval from the US Food and Drug Administration (FDA) to begin a phase II collaborative study with iadademstat in patients with relapsed/refractory high-grade neuroendocrine carcinoma (NES). Is for. National Securities Markets Commission (CNMV).

Christian Bluhm steps down as head of exposure at UBS Group to focus on his photography studio. The bank said in a statement that Christian Bloom, chief risk officer of Swiss bank UBS, has decided to leave his position at the financial institution to focus on his photography studio and pursue his career as a university academic.

Entrepreneur Elon Musk has sold 19.5 million Tesla shares worth $3.95 billion, according to documents filed Tuesday by the automaker with the United States Securities Markets Commission (SEC).

German manufacturer of consumer and beauty products Henkel, owner of brands such as Loctite, Schwarzkopf, Patex or Pritt, recorded sales of 5,976 million euros in the third quarter of 2022, representing an increase of 17.3% compared to the same year. period last year, as the company reported on Tuesday.

German logistics and parcel company Deutsche Post DHL reported a net profit of €1,228 million in the third quarter of 2022, representing a 13% increase compared to the same period last year, the company reported on Tuesday. . income details.

China’s CPI narrowed its year-on-year growth to 2.1% in the seven tenths of OctoberAccording to data published this Wednesday by the Office for National Statistics (ONE), September recorded its highest rate since April 2020 (2.8%). The year-on-year rate recorded in October (2.1%) is the lowest since last May, when the Asian giant’s CPI also rose 2.1%.

The main index of the Tokyo Stock Exchange, the Nikkei, down 0.56% in this Wednesday’s sessionInvestors turned to profit-booking till the US mid-term election results were out.

The Nikkei, which brings together the 225 most representative titles in the market, fell 155.68 points to 27,716.43 totals. Broader Select Topics, which includes core segment firms, which have the largest capitalisation, declined 0.41% or 8.07 points to stand at 1,949.49 units.

At the opening of European markets, the price of a barrel of Brent quality oil, a reference to the old continent, stood at $95.19 this Wednesday, down 0.2%, while Texas it traded at $88.55. Had been. , down 0.4%.

In the money market, the euro was priced at 1.0067 ‘greenback’ against the dollar, while the Spanish risk premium was around 109 basis points, requiring a 3.284% interest rate on the ten-year bond. The main index of the Tokyo Stock Exchange, the Nikkei, fell 0.56% in the session on Wednesday as investors opted to take profits pending the results of the midterm elections in the United States.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
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