economy and politics

The Ibex 35 advances 0.2% at closing and recovers 8,700 integers, standing at its highest since June

The Ibex 35 advances 0.2% at closing and recovers 8,700 integers, standing at its highest since June

10 Jan. () –

The Ibex 35 has closed with an advance of 0.20%, after trading negatively for a large part of the session, which has allowed it to recover the level of 8,700 points lost yesterday and stand at its highest level since the beginning of June, in a day marked by the intervention of the president of the Federal Reserve (Fed) of the United States, Jerome Powell.

Powell has defended in a colloquium organized by the Bank of Sweden that “in the absence of an explicit mandate”, the US central bank must avoid implementing climate bias policies and stick to its statutory goals so as not to compromise its independence to set monetary policy.

In addition, the central banker has reminded that restoring price stability when inflation is high may require unpopular measures in the short term and this is possible due to the absence of direct political control over decisions. “I think the benefits of independent monetary policy in the US context are well understood and widely accepted,” he stressed.

At the close, the Ibex 35 stood at 8,712.7 points, its highest level since June 8, when it closed at 8,842.7 points.

The greatest falls were recorded by Colonial (-2.03%), Grifols (-1.89%), Rovi (-1.42%), Acerinox (-1.08%), IAG (-1.06% ), Cellnex (-0.76%) and Indra (-0.74%).

On the rise side, Naturgy has appreciated by 2.53%, after the IFM fund has raised its stake in the company to 14%. It was followed by Unicaja Banco (+2.27%), Acciona Energía (+1.64%), Acciona (+1.58%), Sabadell (+1.55%), Bankinter (+1.51%) and Mapfre (+1.47%).

Also noteworthy is the 25% increase in Prisa in the continuous market, after yesterday announcing the terms of its bond issue and the fact that today the National Securities Market Commission (CNMV) approved the operation, which will begin this Friday. , January 13th.

The rest of the European stock markets have closed with falls of 0.55% in Paris, 0.39% in London, 0.12% in Frankfurt and 0.08% in Milan.

Likewise, a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 80.31 dollars, with an increase of 0.84%, while Texas stood at 75.35 dollars, with an increase of 0.96%.

Finally, the price of the euro against the dollar stood at 1.0733 ‘greenbacks’, while the Spanish risk premium stood at 104 basis points, with the interest required on the ten-year bond at 3.322%.

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