BusinessThe Ibex 35 advances 0.8% in the half session and stands at the edge of 8,400 points

The Ibex 35 advances 0.8% in the half session and stands at the edge of 8,400 points

File – Stock market indices at the Madrid Stock Exchange Palace, on October 14, 2022, in Madrid (Spain). – Eduardo Parra – Europa Press – Archive

The Ibex 35 traded in the mid-session this Thursday with an advance of 0.85%, which brought it to the brink of 8,400 integers, in a session in which Wall Street will remain closed for the celebration of Action Day Thanksgiving in the United States, while tomorrow it will only open half a session.

The market learned yesterday the minutes of the United States Federal Reserve (Fed), from which it appears that the members of its Federal Open Market Committee (FOMC, for its acronym in English) argued at their last meeting, held at the beginning of month, that “soon” it would be appropriate to slow down the rate of interest rate rises. The Renta 4 analysts point out that this possible moderation in the rate of interest rate increases was received with rises in the stock markets and falls in the yield of US bonds.

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Today it has been known that the confidence of German businessmen has rebounded in November for the second consecutive month, as reflected in the index prepared by the Munich Institute for Economic Research (Ifo), which has stood at 86.3 points from 84 .5 of last month, thus reaching its highest value since last August.

In the Ibex 35, the biggest increases were recorded by Colonial (+4.20%), Fluidra (+4.07%), Melia (+3.20%), Cellnex (+2.55%), Rovi (+ 2.07%), Merlin (+1.99%), IAG (+1.85%), Solaria (+1.71%) and Acciona (+1.43%).

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On the opposite side were Sabadell (-0.71%), Red Electrica (-0.39%), Endesa (-0.25%), Inditex (-0.08%), Natrugy (-0.07% ), Acerinox (-0.06%), Bankinter (-0.06%) and Siemens Gamesa (-0.03%).

The rest of the European stock markets were trading on the rise with increases of 0.23% for London, 0.67% for Paris, 0.86% for Frankfurt and 0.29% for Milan.

Likewise, a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 84.71 dollars, with a decrease of 0.82%, while Texas stood at 77.60 dollars, with a fall of 0.44%.

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Finally, the price of the euro against the dollar stood at 1.0404 ‘greenbacks’, while the Spanish risk premium stood at 96 basis points, with the interest required on the ten-year bond at 2.769%.


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