September 16 () –
The Ibex 35 closed Monday’s session up 0.35%, pushing the index of Spanish stock markets to 11,581 points, remaining at its highest level since 2015.
The highlight of the week will be the meeting of the US Federal Reserve (Fed) next Wednesday, where a 25 basis point cut in interest rates is expected, the same as that adopted last week by the European Central Bank (ECB).
In addition, monetary policy decisions by the Bank of England, the Bank of Norway and the Bank of Japan will be announced this week, and in the macroeconomic arena, the ZEW index of German business confidence and inflation in the United Kingdom and the Eurozone, among other indicators, will be published.
On Monday, both the ECB vice-president, Luis de Guindos, and the chief economist, Philip Lane, spoke publicly. While the former recalled that the ECB does not have a predetermined path for lowering rates, Lane stressed the gradual approach to monetary policy, looking at the data meeting by meeting.
In this context, Enagás was the main gainer of the day (+2.18%), ahead of Acciona (+1.72%), Rovi (+1.70%), Telefónica (+1.60%) and Redeia (+1.22%). On the other hand, Unicaja (-1.87%), Indra (-1.43%), Grifols (-1.37%), Repsol (-1.01%) and CaixaBank (-0.98%) were on the other side.
The performance of the other major European stock markets was mixed on Monday. London rose 0.06%, while Paris fell 0.21%; Frankfurt dropped 0.35% and Milan remained flat.
Brent crude oil rose 1.27% at the close of European trading to $72.53, while West Texas Intermediate (WTI) crude oil was trading at $69.78, up 1.60%.
On the debt market, the yield on the 10-year Spanish bond has fallen to 2.915%, from 2.939% at the close on Friday. The risk premium has thus risen by five-tenths, to 79.6 basis points.
As for currencies, the euro gained 0.40% against the dollar, reaching an exchange rate of 1.1120 greenbacks for each unit of the common currency.
Add Comment