economy and politics

The Ibex 35 boosts 1.5% at the close of the session after the ECB meeting

The Ibex 35 boosts 1.5% at the close of the session after the ECB meeting

March 16 () –

The Ibex 35 has risen 1.50% at the close of the session this Thursday, which has led it to stand at 8,890.2 integers, on a day marked by the support of the Swiss National Bank (BNS) for Credit Suisse to reinforce its liquidity by 50,000 million francs (about 50,750 million euros) and in which investors have also been attentive to the meeting of the European Central Bank (ECB).

The Governing Council of the central bank has decided to raise interest rates by 50 basis points, as it had anticipated it would do, so that the interest rate for its refinancing operations will stand at 3.50%, despite of the turbulence that the European stock markets have registered due to the collapse of three US banks –Silicon Valley Bank, Silvergate Bank and Signature Bank– and the Credit Suisse crisis.

In this regard, the ECB has indicated that the exposures of banks in the euro zone to entities in trouble in recent days are limited and not concentrated, adding that the ECB has a toolbox with which to offer liquidity if it were to necessary.

In this way, the greatest revaluations have been recorded by Inditex (+3.94), which fell yesterday after presenting its results and today returns to the upward path; BBVA (+3.41%), Fluidra (+3.29%), Santander (+2.60%), IAG (+2.33%), Amadeus (+2.13%) and Meliá (+1, 97%).

On the other hand, Grifols has been the ‘red lantern’, with a fall of 5.47%, followed by Bankinter (-2.52%), Unicaja Banco (-1.76%), Colonial (-1.51 %) and CaixaBank (-1.32%).

The rest of the European stock markets have also closed with increases. In the case of Paris, it has appreciated by 2.03%, followed by Frankfurt, with an advance of 1.57%, Milan, with a rise of 1.38%, and London, with gains of 0.89%. .

Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 1.22% to 74.61 dollars, while Texas stood at 68.43 dollars, 1.21%. further.

In the currency market, the price of the euro against the dollar stood at 1.0623 ‘green bills’, while in the debt market, the yield on the Spanish bond with a 10-year maturity stood at 3.374% and the risk premium, at 110 basis points.

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