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Monday, March 20, 2023

Ibex 35 opposes over 8,000 mark pending election in US

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. In this way, Madrid’s Selective tried to hold on to the psychological level of the 8,000 mark in the middle of the season, the day after the presentation of business results continues and Iberdrola has announced an investment of about 47,000 million euros over the period of 2023. – to reach a net profit of 5,200 and 5,400 million euros at the end of the 2025 period.

In the mid-session, the biggest growth was registered by Selnex Telecom with 4.02%, Naturaji (Gas Natural) 2.26%, Endesa 1.96%, Iberdrola 1.39% and Radia (REE) 1.08%.

For its part, Solaria dropped 3.21% mid-session, ArcelorMittal 2.38%, Pharmamar 1.71%, Melia Hotels 1.66% and Amadeus 1.13%.

The rest of the European stock markets were trading lower by 0.5% for Frankfurt and 0.3% for London and CAC 40 in Paris. Milan registered a marginal increase of 0.03%. EUR STOXX 50 0.5% left.

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).

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. Milan, for its part, woke up flat.

The Chinese CPI narrowed its year-on-year growth to 2.1% in the seven tenths of October.According 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%.

Similarly, the price of a barrel of Brent quality oil, a reference to the old continent, was down 0.81% at $94, while Texas was down 0.91% at $88.

Finally, the euro was priced at 1.0064 ‘greenback’ against the dollar, while the Spanish risk premium was at 103 basis points, requiring a 3.278% interest rate on the ten-year bond.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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