Ibex started the last session of the 35-week period with a 0.6% increase, causing the index to exceed the 9,600 point level. Agreement reached on interest rate increase This will be done by the European Central Bank (ECB) on Thursday and what the United States Federal Reserve (Fed) is expected to do next week.
Specifically, the selector woke up at integer 9,606 on a marked day. For starters in Santiago de Compostela He made statements regarding the informal meeting of the European Union Ministers of Economy and Finance (Ecofin), which will be attended by ministers of 60 countries from both the EU and Latin American and Caribbean countries.
The Eurogroup will also meet this Friday in Santiago, at an event attended by European Central Bank (ECB) president Christine Lagarde.
The head of the European monetary authority will hold a meeting with the press on the same day This Friday, after the increase in interest rates to 4.50% agreed by the institution yesterday, this decision caused the Ibex to close at the integer number 9.549 and took the euro to its lowest price against the dollar since last March.
The ECB’s tenth consecutive rate hike this Thursday does not mean the end of the consolidation path: Lagarde refused to confirm whether the money price had already reached its maximum peak, leaving the door open to further increases.
In addition to what is happening within the framework Ecofin and Euro GroupInvestors will be awaiting a range of macroeconomic data this Friday, including France and Italy’s CPI, the eurozone’s trade balance and US industrial production.
In this context, following Wall Street’s positive closing on Thursday, Europe’s leading stock markets woke up positively today as well. Paris and Frankfurt rose more than 0.9%, while London gained 0.77% and Milan 0.6%.
The largest of the Ibex 35 opening promotions were scored by Amadeus (+1.52%), Aena (+1.24%), IAG (+1.18%), Acerinox (+1.04%) and Cellnex (+0.83%). Only three values were negative: Solaria (-0.88%), Acciona (-0.27%) and Bankinter (-0.12%).
At the opening of the stock market, crude oil continued its rise and reached its highest levels in a year. Specifically, the barrel price of Brent grade oil, the benchmark for the Old Continent, rose 0.6% to $94.30, while Texas rose 0.6% to $90.78.
The price of the euro in the foreign exchange market It rose to 1.0661 banknote against the dollar In the Greens’ debt market, the interest rate on the 10-year Spanish bond rose to 3.655 percent.