Ibex 35 started trading this Monday 0.65% advancewhich brought the selectivity to this point: 9,399 points, but soon attacked all 9,400 points. after almost increasing its profit 0.8%.
Thus, at 9.04 in the morning, Madrid parquet remained at 9,410 points on a day without major macro references, but with the markets moving. Addressing the speeches of the President of the United States Federal Reserve (Fed) Jerome Powell and the President of the European Central Bank (ECB)at the traditional Jackson Hole central bankers meeting.
Powell’sSpeaking at this symposium last Friday, just an hour and a half before European stock markets close, Trump took the opportunity to reassure him, warning that the inflation rate is “still very high” despite a recent slowdown. He said the US central bank is ready to raise interest rates if necessary.
“We are prepared to raise rates further if appropriate and intend to hold tight on policy until we are confident that inflation is falling sustainably towards our target,” he commented.
on his behalf, lagardeSpeaking at the Jackson Hole summit following the closure of European markets, Erdogan warned that “the fight against inflation has not yet been won”, but noted that the tightening in monetary policy has made progress.
Lagarde stressed that in the current environment, for the ECB, this means adjusting interest rates “at levels that are sufficiently restrictive as necessary” to ensure that inflation returns to the medium-term target of 2 percent in a timely manner.
That’s exactly what the markets will be like this week. We are very cautious about publishing CPI data for the euro area and many European countries such as Germany and Spain.and the quarterly GDP of the United States.
After that Positive close on Wall Street last Friday and Asian stock markets gained more than 1% today, Europe’s main squares They also woke up this Monday by winning positions. Thus, Frankfurt gained 0.77%, Paris 0.85% and Milan gained 0.80%. The London Stock Exchange is closing this Monday for a holiday.
The biggest increases in Ibex 35 in the early stages of the first session of the week are Fluidra (+1.34%), Inditex (+1.08%), ACS (+0.98%), Acerinox (+0.83%), Repsol ( +0.82%) and Aena (+0.75)
Prices at the stock market opening barrels of Brent quality oilThe US index, a benchmark for the Old Continent, rose 0.3% to $84.20, while Texas was up 0.45% at $80.19.
In the Forex market, Euro rises to 1.0818 ‘green bill’ against dollarIn the debt market, the 10-year Spanish bond yield decreased to 3,576%.