Aug 5 – The Ibex-35 started on Friday without a clear trend, thus breaking a streak of three moderate increases, given the reluctance of investors to take positions before the news about the US economy. At 12:30 (GMT time) the US job creation report for June will be released, for which analysts foresee a certain slowdown, although without showing a recession in the world’s largest economy. The markets will analyze the labor data to try to predict the direction of the US economy and therefore the cost of loans in the country, which in turn will determine the weekly evolution of the main Spanish stock market index, which at the opening on Friday showed a slight upturn accumulated over the last five days.“The publication of the employment report will serve as a thermometer to analyze whether the sharp rises in rates that the FED is carrying out are cooling the economy”, said analysts at Renta 4 in a no daily rate to clients. At 07:05 GMT on Friday, the selective Spanish stock market Ibex-35 rose 1.20 points, or 0.01%, to 8,162.30 points, while the index of large European securities FTSE Eurofirst 300 fell 0.05%. For the week as a whole, the Ibex-35 shows a rise of 0.07%. In the banking sector, Santander rose 0.08%, BBVA fell 0.40%, Caixabank advanced 0.79%, Sabadell gained 0.44%, and Bankinter fell 0.56%. Among the large non-financial stocks, Telefónica fell 0.05%, Inditex lost 0.04%, Iberdrola 0.14% was left, Cellnex gained 0.49% and the oil company Repsol lost 0.64%. Pharma Mar stood out, with an advance of 3%, after receiving an “innovative designation” from the United Kingdom pharmaceutical authorities for the anticancer drug lurbinectedin.
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