Except Frankfurt, the main European markets closed with gains

FRANKFURT, Germany.— With the exception of the Frankfurt Stock Exchangewhich ended with a 0.02% marginal lossthe main European markets closed the day with gains this Wednesday, while the euro rose to 1.0943 dollars.

The euro rises to 1.0943 dollars

The euro rose this Wednesday to 1.0943 dollars following industrial production fell 3.2% in the eurozone and 2.1% in the European Union (EU) in January.

The single currency It was exchanged at $1.0943 around 16:00 GMT this Wednesday, compared to $1.0918 at the last trading hours yesterday.

He European Central Bank (ECB) set the exchange rate at 1.0939 dollars.

During the session, the Statistical Office of the European Union, Eurostatconfirmed that industrial production in the eurozone fell 3.2% in January compared to December and 6.7% compared to the same month a year earlier.

In the EU as a whole, industrial production contracted by 2.1% compared to December and by 5.7% year-on-year.

The ECB announced that it will implement a narrower spread between the main refinancing operations (MRO) and the deposit facility, which remunerates excess overnight reserves and currently stands at 4%.

This measure, which will come into force on September 18, is part of the changes that the organization is going to make in its operational framework to direct short-term interest rates, with the aim of normalizing the balance sheet.

The single currency was exchanged today in a fluctuation band between 1.0946 and 1.0921 dollars.

The Spanish stock market gains 1.65%

The Spanish stock market It gained 1.65% and approached 10,600 points due to Inditex’s rise of almost 8% following presenting its results at the end of its fiscal year, according to market data.

Your reference index, the IBEX 35added 171.6 points, that is 1.65%, the largest increase since last November 14, up to 10,560.5 points, the level at the end of January 2018. In the year it gains 4.54%.

Inditex, the company with the greatest weight in the Spanish market, took center stage in the market and its rise of 7.7% following having increased its profits by 30% last year, allowed the stock market to advance above other international markets. The price of Brent oil rose 2.1% and stood at $83.64.

All the big values ​​rose: Inditex 7.74% (greater advance of the IBEX and the stock market); Repsol 2.42%, Iberdrola 0.97%, Banco Santander 0.86%, BBVA 0.74% and Telefónica 0.39%.

The Paris Stock Exchange gains 0.62%

The Paris Stock Exchange closed with new records, since the CAC 40 achieved a new mark following rising 0.62%, with several of its heavyweights reaching or close to the best price in their history.

The Paris market benchmark index ended the session at 8,137.58 points, surpassing the 8,100 level. Analysts interpreted the increases in the positive interpretation of the United States inflation data for February, released yesterday, Tuesday.

Electrical equipment manufacturer Schneider led the gains (2.13%) and closed at the highest level ever achieved. BNP Paribas (2.08%) and TotalEnergies (1.76%) also had notable increases.

It was also a positive day for the luxury sector, with increases in Hermès (1.12%), LVMH (0.95%) and L’Oreal (0.80%).

In addition to Schneider, Hermés and other potent stocks, such as Airbus (0.81 %) or Air Liquide (0.45 %) ended the session at historic levels.

On the opposite side, the heaviest losses were for Alstom (-2.14%), Vivendi (1.92%) and STMicroelectronics (1.84%).

Milan rises 0.39%

The Milan Stock Exchange closed today higher and its selective index FTSE MIB It advanced 0.39%, reaching 33,885.43 points, thanks to the good performance of the banking sector and large Italian industrial securities.

For its part, the general index FTSE Italia All-Share It grew another 0.39%, up to 36,040.33 integers.

During the session, 1,040 million shares changed hands for a value of 3,114 million euros.

In the session, the defense sector company Leonardo stood out, which rose 3.45%, thanks to its multimillion-dollar order forecasts for 2024, up to 19.5 billion euros.

Also winning were the holding company Azimut (3.00%), the oil company Eni (1.95%), the two largest banks in the country, Intesa Sanpaolo (1.31%) and Unicredit (1.29%), the fashion brand Brunello Cucinelli (1.13%). , the insurer Generali (0.98%), the energy giant Enel (0.94%) and the steel company Tenaris (0.94%).

On the contrary, among the listed companies with the most losses were the renewable company Erg (4.93%), the electricity company A2a (2.58%), Stmicroelectronics (1.94%), Stellantis (1.28%), the Diasorin laboratories (0.99%) and the oil company Saipem (0.98%), among others.

The London Stock Exchange rises 0.31%

The London Stock Exchange closed this Wednesday with general gains, with an advance of 0.31%, boosted by mining companies, on a day in which it was also known that the national economy grew 0.2% last January.

The main London index, the FTSE-100increased this day by 24.36 points to 7,772.17 integers, while the secondary index, the FTSE-250decreased 1.29 points, 0.01%, to 19,563.92 units.

The British selective advanced to closure following the National Statistics Office (ONS) will reveal today that the gross domestic product (GDP) of United Kingdom It grew 0.2% last January, compared to a drop of 0.1% in December. This was the first estimated GDP data known following the ONS confirmed that the national economy entered recession at the end of 2023 by chaining the last two quarters of contraction.

Within this context, among the winning groups of the day today were the mining company Antofagasta, which advanced 5.23%, followed by Glencore, with a rise of 5.03%, and Anglo American, which registered gains of 4.80%, as well as the group of Entain betting, which added 2.12% to its value.

On the other hand, the sporting goods group JD Sports Fashion ended in the red, which fell 4.07%, followed by the telecommunications group Vodafone, with 4.01% less, and the company Rontokil Initial, which registered losses of 3.07%.

The DAX 40 falls 0.02%

The main selective of the Frankfurt Stock Exchangehe DAX 40has fallen 0.02% this Wednesday from yesterday’s maximum following a day in which it surpassed the 18,000 point barrier for the first time in its history.

The DAX 40 closed this Wednesday’s session at 17,961.38 points, while the technological index TecDAX It has fallen 0.74% to 3,438.55 points.

In a day without major macroeconomic data in the country, the session in the German market has been marked by the presentation of the financial results of Zalando, Adidas, E.ON and Volkswagen, which have led the first three to lead the increases now. the automobile company to position itself as the one that loses the most.

Specifically, the online fashion sales company Zalando has led the session, following rising 18.9%, following confirming that during 2023 it obtained a net profit of 83 million euros, five times more than a year before, although it had a turnover of 1.94 % less, with 10,143 million.

It was followed on the stock market by the energy company E.ON, which has advanced 6.01% following reducing its net profit by 72% to 517 million in 2023.

In the case of the sports brand Adidas (+3.84%), it lost 75 million euros in 2023, compared to the positive result of 612 million a year before, following reducing its income due to the interruption of its collaboration with the American rapper Kanye West and the reduction of its inventories.

For its part, the Volkswagen automobile company has led the red numbers (-5.89%) following earning 7.6% more in 2023, up to 16,013 million, while its turnover increased by 15.5% and units delivered increased by 11.8%.

Along with this company were the automobile company Porsche AG and the stock manager Deutsche Börse, which have lost 4.32% and 2.89%, respectively.

All this during a day in which the Statistical Office of the European Union, Eurostat, has confirmed that industrial production in the eurozone fell by 3.2% in January compared to December, while in the European Union (EU), the decline was 2.1%.

For its part, the European Central Bank (ECB) has announced that it will implement a narrower spread between the main refinancing operations (MRO) and the deposit facility, which remunerates excess overnight reserves and which is currently in 4%.

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