Quote of the European market
The European stock markets closed with mixed sign and moderate variations session marked by the ECB (Toronto: ECB-PA. . tO – news) and business results
the European indices were trading without a definite trend in the morning, pending the ECB (Dusseldorf meeting. BCE1.DU – news)
the European Central Bank decided to keep interest rates of regular loans at a record low of 0% and the deposit rate at -0.4%. In the subsequent press conference, Mario Draghi has said they are open, but not committed, to provide additional incentives when they meet in September as they have had time to assess the impact of the decision of the UK to leave the European Union in growth prospects. ECB President stressed that the decision in favor of Brexit is added to the pitfalls for the eurozone economy, including a number of geopolitical uncertainties are included.
In the afternoon, Wall Street opened . lower after the ECB’s decision to keep unchanged its monetary policy despite the triumph of Brexit
However, results from companies like General Motors (NYSE: GM – news), Qualcomm (Hanover: QCI .ha – news) or eBay, beating estimates, allowed selective on both sides of the Atlantic enter the profit zone
at the close, the DAX added 0.14% and the Eurostoxx one. 0.05% while the CAC down 0.08% and 0.43% FTSE
macroeconomic news affecting the market quotation
at the macroeconomic level, initial requests for unemployment benefits in United States fell by 1,000 in the week of July 16 to stand at 253,000, compared to the estimate of 265,000 applications.
the business landscape Philadelphia Fed fell in July to level -2, 9 from the previous 4.7, estimating a positive value of 4.5.
also in the US have released the data on national activity index Chicago Fed, which has left behind the negative value of -56 (revised from -0.51) in July to reach the level of 0.16, beating the estimate of -0.20. At the same time, the leading index showed an increase of 0.3% as opposed to the fall of -0.2% in May and beating the estimate of 0.2%.
On the other hand, housing price index FHFA increased 0.2% in May, below the estimated rise of 0.4% and 0.3% growth in April (revised from 0.2%). Sales of previously owned homes in June reached 5.57 million, surpassing the 5.51 million in May and 5.48 million forecast. In percentage terms, sales of homes rose 1.1% as opposed to -0.9% drop estimated (vs. + 1.5% previously).
In Spain, the trade balance recorded in May a deficit of 940,900 million euros, more than 637,300 million recorded the previous month deficit.
in France, business confidence index for July rose slightly to level 102 from 100 points previous month, compared with the drop level 99 which discounted the market.
oil prices and exchange rate euro dollar a European closing
in the market for derivatives, oil futures traded in negative and They traded on the environment of the $ 44.92 the European close. In the Forex currency market, the euro recorded slight variations against the dollar; at 17:35 the between two currencies is set in the vicinity of 1.1013
Business News
In business, net profit of Bankinter (Amsterdam: BI6.AS – news). between January and June stood at 286 million euros against 197.3 million euros in the same period of 2015, the bank said in a statement sent to the CNMV. Bankinter explained that, regardless of the negative goodwill arising from the purchase of assets of Barclays (Swiss: BARC.SW – news), net profit would have been 203 million euros
. Popular Bank prepares an adjustment of up to 3,000 jobs, 20% of its workforce, by the end of this year, both the network and central services, and implement an early retirement plan, said Thursday the newspaper Expansion citing sources.
at the international level, Qualcomm increased its profit in the third fiscal quarter, beating Wall Street forecasts, posting sales of chips larger than expected. In the year ended June 26 quarter, Qualcomm achieved a net profit of 1.400 billion, or $ 0.97 per share, compared with 1.200 billion, or $ 0.73 per share, a year earlier. The adjusted EPS increased to $ 1.16 from $ 0.9.
The net profit of General Motors grew by 157% to 2,900 million in the second quarter, compared to 1,100 million one year before. Operating profit was $ 1.86 per share, exceeding Wall Street forecasts of $ 1.49. Meanwhile, revenue rose 11% to 42,400 million dollars compared to 38.200 billion in the same comparative period
The total revenue of EasyJet (Other OTC: EJTTF – news). Fell 2 , 6% to 1,200 million pounds (1,590 million dollars), said the company based in Luton, England. The airline carried 20.2 million passengers between April and June, 5.8% more than in the same period last year. EasyJet said pretax profit in the third quarter, which was affected by nearly 500 flight cancellations more than a year ago, will be lower by 28 million pounds.
Deutsche Lufthansa today warned that their income could fall in the second half of the year and reduce its benefits because the recent terrorist attacks have led passengers to cancel their travel plans. Lufthansa cut its annual forecast adjusted earnings before interest and taxes, or EBIT, and said he expects this magnitude is less than that obtained the previous year. Previously, it predicted a Ebit “slightly higher” than the previous year. Lufthansa said it expects unit revenue between July and December falling between 8% and 9% after declining 2.6% in the first half.
Quote Ibex 35In Spain, the Ibex 35 records online behavior to that of their European counterparts and closes the session with an advance of 0.09% at the level of 8583.6 points Popular, Repsol (Amsterdam: RP6.AS – news) and ArcelorMittal (London: 0NSF. L – news) in front of progress. In the red zone of the table include Falls IAG after the profit warning Lufthansa.
This morning, the Treasury has placed 3,077 million euros in the auction of bonds and debentures, compared to the range between 2,500 and 3,500 million planned. Specifically, in the auction of 3-year bonds it has sold 1,715 million euros, with a coverage ratio of 1.74 and an average return of -0.072%. Specifically, in the auction of 5-year bonds it has sold 907.17 million with a coverage ratio of 3.34 and an average yield of 0.227%. In 30-year bonds, the Treasury has placed 455.31 million euros, with a coverage ratio of 2.25 and an average yield of 2.275%.
In this context, the Spanish risk premium . set at the level of 114 points, with the interest rate of the 10-year bond at 1.124%
the largest variations of the selective Ibex 35 were:
Cierre Blue Chips positive for the market with the exception of Telefonica falling 0.60% to close at 8,777 euros and Iberdrola (Amsterdam: ID6.AS – news) closing flat. Repsol wins 2.29%, BBVA (London: 931474.L – news) and Santander 0.96% 1.31%
Intraday Chart Ibex 35:
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