The Ibex 35 advances 0.3% at the close and exceeds 9,500 integers, on the brink of its annual maximum

June 29 () –

The Ibex 35 has closed the session this Thursday with an advance of 0.31%, which has led it to stand at 9,510.6 integers, although it has remained below the maximum level registered last March 6 , when it closed at 9,511.00 integers.

Investors have been waiting these days for the appearance of the central banks in the forum that has been held in Sintra (Portugal) where they have reported that they will continue to raise interest rates.

In addition, today the president of the United States Federal Reserve (Fed), Jerome Powell, has assured in an act of the Bank of Spain in Madrid that the US banking system continues to be solid and resilient, after the tensions that affected the sector last spring. But, in his opinion, the resilience of the financial system cannot be taken for granted.

“We cannot take the resilience of the financial system for granted,” warned the US central banker during his speech at his conference in Madrid, organized by the Bank of Spain and CEMFI.
The US central banker recalls that the majority of the Fed Committee is in favor of two or more additional rate hikes.

As a macroeconomic reference, the CPI for Germany stands out, which stood at 6.4% in the month of June, which represents a rise of three tenths above the figure for May.

In contrast, in Spain the CPI cut its year-on-year rate by 1.3 points, to 1.9%, its lowest level since March 2021, due to the fact that the rise in fuel, electricity and food prices was less than that experienced a year before.

Returning to the Ibex 35, the rises of Unicaja Banco (+2.41%), CaixaBank (+1.89%), BBVA (+1.52%), Inditex (+1.51%) and Banco Sabadell (+1.51%) have stood out. +1.45%), while Endesa (-8.37%) and Red Eléctrica (-5.79%), whose shares were listed today without the right to receive the dividend, were on the downside. Without this effect, Endesa fell 1.06% and Red Eléctrica, 1.58%. The rest of notable falls have been those of Colonial (-1.69%), Merlin (-1.41%) and Grifols (-1.16%).

The main European squares have closed with a mixed sign. Thus, London has fallen by 0.38% and Frankfurt, by 0.01%, while Paris has risen by 0.36% and Milan, by 1.05%.

In the raw materials market, the price of a barrel of Brent fell 0.22%, to 73.87 dollars, while the West Texas Intermediate (WTI) fell to 69.37 dollars, 0.32% less .

In the debt market, the yield of the Spanish bond with a maturity of 10 years stood at 3.401%, with the risk premium reaching 97.7 basis points, while in the currency market, the euro was exchanged at 1 .0880 dollars after depreciating 0.30%.