The Spanish stock market is volatile, rising 0.26% and regaining 9900 points

MADRID, February 19 (EFECOM).- The Spanish stock market, which started the week with slight losses, turned around after opening on Monday with a gain of 0.26% and recovered 9,900 points, supported by some great values ​​such as Repsol, Santander and Telefonica.

At 9:10 am, the IBEX 35, the main Spanish index, is trading at 9,913.6 points after rising 0.26%. Accumulated losses for the year were reduced to 1.87%.

The Spanish stock market is heading in a positive direction on Monday after closing last Friday with a decline of 0.41% and a negative weekly balance that left it below 9,900 points.

On the other side of the Atlantic, Wall Street also finished in the red on Friday, ending a five-week positive streak, as investors continue to digest that the Federal Reserve (Fed) will not cut interest rates imminently, in the face of inflation that is not improving as quickly as expected. .

After such a bearish close on Wall Street last Friday, in Asia, Tokyo closed flat, while the benchmark Shanghai Stock Exchange index rose 1.56%.

Just this Monday, Chinese markets returned to trading after a week's closure for the holiday, while Wall Street will be offline today due to the President's Day celebration.

Thus, on a day when European markets would no longer have their main reference, the major markets opened lower.

With the euro reaching $1.078, Paris prices fell by 0.23% at the opening; Frankfurt 0.22%; Milan 0.18%; and London 0.06%.

The reference price of Brent crude in Europe has now declined by 0.71% to $82.91.

In the debt market, the yield of Spanish ten-year bonds reaches 3.3%, with a risk premium of 90 basis points.

Within the IBEX 35, large caps lead the increases: Repsol adds 1.95%; Santander 1.16%; and Telefonica 1.1%.

Iberdrola also recorded 0.56%; WPFA, 0.09%; While Inditex shares fell by 1.09%.

ArcelorMittal is the value that falls the most at the open, 1.15%. Evie

Million dinars/barb

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