The Ibex 35 started the session with a 0.75% gain this Thursday, leading to second place in the selective. 8,424 integers at 9:01.Following gains on Wall Street after Jerome Powell said yesterday that the Federal Reserve (Fed) will abandon its 75 basis point hike path in December.
In this way, the Fed chairman gave a signal that: monetary authority will take its foot off the gas In his speech at an event held in Washington, he made statements regarding the rate hike next month.
Fed to hold last monetary policy meeting Between 13-14 December. The increase in rates (known as the price of money) was guaranteed, but doubts remained about the magnitude of the increase until now.
In this way, after the end of November 5% increase, Madrid picks started the session above the 8,400 psychological level after gains of 2.18% for the Dow Jones, 3.09% for the S&P 500 and 4.41% for the Nasdaq.
In the early stages of Thursday’s session, most stocks were trading higher.r Grifols (+2.68%), Red Eléctrica (+2.08%), Indra (+0.68%), Telefónica (+11%), Amadeus (+0.98%), ArcelorMittal (+ 0.95%) and BBVA (+0.66%) , while standing on the other side Caixabank (-1.04%), Bankinter (-0.51%) and Sabadell (-0.21%).
The rest of European stock markets opened higher. 1% increase 0.6% for Frankfurt, 0.6% for Paris and 0.3% for London.
Also, the price oil barrel Brent quality, the reference of the Old Continent, fell 0.18% to $86, while Texas fell 0.16% to $80.
Finally, value of the euro against the dollar At 1.0423 ‘dollars’, the Spanish risk premium stands at 99 basis points and the required interest rate for the ten-year bond stands at 2.874%.