The Ibex 35 starts the week with a rise of almost 100 points, up to 11,272.8 points

September 9 () –

The Ibex 35 started the week on Monday with an increase of 0.89%, equivalent to an increase of 99.8 points, leaving the index at 11,272.8 points, although during the session it momentarily touched 11,295 points.

Investors’ attention will be focused this week on the European Central Bank (ECB). After the traditional summer break, the ECB Governing Council will meet in Frankfurt to examine the euro zone’s monetary policy and whether an adjustment of interest rates is appropriate. This will be the meeting in which José Luis Escrivá will make his debut, after having been appointed Governor of the Bank of Spain last week.

The market is expecting a rate cut from the European central bank. In any case, on Friday, ECB Executive Committee member Isabel Schnabel warned that any decision must be guided by data and analysis and there is no predetermined course.

In this context, Acciona Energía has led the index (+2.13%), followed by CaixaBank (+2.07%), Fluidra (+1.89%), Amadeus (+1.88%), Rovi (+1.79%), Indra (+1.41%), BBVA (+1.37%) and Ferrovial (+1.33%).

On the other hand, Puig has been the value that has fallen the most (-1.89%), ahead of Naturgy (-0.35%), Telefónica (-0.19%) and Merlin (-0.17%).

The rest of the major European markets performed similarly on Monday. London rose by 1.09%; Paris by 0.99%; Frankfurt by 0.77%; and Milan by 0.90%.

A barrel of Brent crude oil was trading at $71.30 at the close of the European trading session, up 0.34%, while West Texas Intermediate (WTI) crude oil was trading at $68.11, up 0.64%.

The Spanish 10-year sovereign bond closed Monday’s session with a yield of 2.998% on the secondary market, compared with 2.997% at the close on Friday. During the session it reached 3.063%.

The risk premium on German debt has thus risen by six-tenths of a percentage point to 83.1 basis points.

On the commodities market, the euro fell by 0.37% against the dollar, trading at 1.1042 euro for each unit of the common currency.

Investors will also get more clues on global monetary policy on Wednesday when US inflation data is released.