The Ibex 35 regains 9,000 points thanks to banks and the rise of Sabadell

With regard to the economic agenda, the Preliminary US GDP for the fourth quarter. showed a growth of 2.9%This figure is higher than the consensus forecast of 2.6%, and slightly lower than the 3.2% recorded in the third quarter.

For the moment, the American economy is showing a slight slowdownAggressive interest rate hikes by the European Central Bank (ECB) are not yet evident. Federal Reserve (Fed) over the past few months.

In this sense, the remain at very low levels, falling from 192,000 to 186,000, while the market was anticipating a rise to 205,000.

SABADELL FLIES AFTER HIS RESULTS

On the business side, as we tell you, Sabadell was the protagonist of the session.. The bank announced a profit of 859 million euros in 2022, up 62%.. In addition, she communicated a salary increase of 50%..

Likewise, in Spain, we also speak of IAD (increases sales by 9.6% in 2022), of Apps (sells its vehicle inspection business in the United States) Where In this (postpones the annual results to March to take into account the shutdown of the Pontevedra plant.).

In Europe, the focus is on SAPwho announced the dismissal of 3,000 employees, or 2.5% of its workforce..

On the other side of the Atlantic, the focus is on You’re herewho published the results last night and gained 58% more in the fourth quarter, to $3.687 billion.and a record 12,556 million for the whole of 2022. The business is growing thanks to these numbers.

Elsewhere, the day’s agenda includes the release in Spain of unemployment, which fell by 79,900 people in 2022.

However, Europe made progress on Thursday after Wall Street closed the day yesterday mixed and down from the lows of the day.. The Nasdaq, which fell as much as 2%, ended the day with a slight drop of 0.18%.

Interestingly, especially given what the Federal Reserve (Fed) might do next week, that. the Bank of Canada raised rates by 25 basis points.in addition to anticipating a pause in the increase for future meetings. while assessing the impact of multiple rate hikes on the Canadian economy.

“It seems that the markets reacted to this announcement based on the fact that the Federal Reserve may try to do something similar at its meeting next Wednesday.as US markets rallied from their lows following the announcement of the Canadian rate decision. It would be a huge guess and could end in tears next week.“warns Michael Hewson, head of research at CMC Markets in London.

OTHER MARKETS

The euro is trading at $1.0861 (-0.49%). Oil prices are up 1.8%. Brent is at $87.68 and WTI at $81.65.

Gold is down 0.85% ($1,926) and silver is up 0.5% ($24.06).

Bitcoin is touching $23,000 (+0.3%, $22,968) and Ethereum is trading below $1,600.

The yield on the US 10-year bond is 3.509%.