Economy/Stock Market- The Ibex 35 extends its gains in the mid-session with a rise of 0.53%, clinging to 9,400 points

June 28 () –

The Ibex 35 maintained the upward trend at the opening and in the mid-session registered a rise of 0.53%, which brought the selective up to 9,442.9 integers, with investors awaiting the last day of the forum of central banks that is held in Sintra (Portugal), where representatives of the European Central Bank (ECB) and the United States Federal Reserve (Fed) will participate.

The ECB’s chief economist, Philip Lane, has warned this morning that interest rate cuts should not be expected in the next two years, a statement that is in line with yesterday’s appearance by the president of the body, Christine Lagarde .

Specifically, Lagarde pointed out this Tuesday, at the start of this banking forum organized annually by the ECB, of the risk that companies try to defend their margins without absorbing rising labor costs, adding that “it is unlikely” that they can declare themselves in a near future that interest rates have peaked.

In addition to Lane, this banking colloquium will also have the participation of the vice president of the ECB, Luis de Guindos, during the session on Wednesday. For his part, the Chairman of the ECB Supervisory Board, Andrea Enria, will speak at the European Parliament’s Committee on Economic and Monetary Affairs in Brussels.

Powell will attend an event of the Bank of Spain in Madrid tomorrow, in a day in which the inflation data in Germany and Spain will be known, at the same time that the updated data of the GDP of the United Kingdom in the first quarter will be published on Friday , unemployment in Germany and inflation in the euro area as a whole.

In the half session, the advances of Banco Santander (+2.35%), Fluidra (+2.17%), Grifols (+1.59%) and Merlín Properties (+1.51%) stood out, while in the On the side of the decreases, those of Acciona Energía (-0.9%) and Caixabank stood out, whose shares lost 0.89% in the middle tranche of the negotiation.

The main European markets also easily maintained the positive sign in the mid-session: Milan posted 0.4%; London, 0.6%; Frankfurt, 0.78% and Paris, 0.85%.

In the raw materials market, the price of a barrel of Brent rose 0.58%, to 72.68 dollars, while the West Texas Intermediate (WTI) rose to 68.19 dollars, 0.72% more .

In the debt market, the yield on the 10-year Spanish bond stood at 3.29%, with the risk premium reaching 96.8 basis points, while in the foreign exchange market, the euro was trading flat with respect to the ‘green ticket’ and was exchanged at 1.0958 dollars.