economy and politics

The Ibex 35 closes below 12,000 but at its highest since 2010

The Ibex 35 closes below 12,000 but at its highest since 2010

MADRID 16 Oct. () –

The Ibex 35 closed this Wednesday’s session below the level of 12,000 points, although it exceeded it for a few minutes before closing, just one day before the new interest rate decision of the European Central Bank is announced. (ECB).

Specifically, the selective index rose 0.56% this Wednesday, to 11,996.7 points, having reached an intraday maximum of 12,024 points.

In the Spanish business field, Iberdrola and Masdar, a renewable group from the Emirate of Abu Dhabi, have completed the installation of the 50 wind turbines of the Baltic Eagle offshore wind farm, of 476 megawatts (MW) and located in German waters of the Baltic Sea.

At the ‘macro’ level, the annual inflation rate in the United Kingdom stands out, which stood at 1.7% in September, half a percentage point below the rise in prices recorded in August and the lowest level since April 2021.

Telefónica has been the main bullish value of the selective (+2.51%), ahead of Acciona (+2.16%), ACS (+2.13%), IAG (+1.65%), Inditex (+ 1.59%), Redeia (+1.52%) and Ferrovial (+1.51%).

On the opposite side were Mapfre (-1.74%), Solaria (-1.73%), BBVA (-1.63%), Banco Sabadell (-1.25%), CaixaBank (-1.25% ) and Bankinter (-0.92%).

Regarding the rest of the main European markets, London has risen by 0.97% and Milan, by 0.24%; while Paris has fallen by 0.40% and Frankfurt, by 0.27%.

In the raw materials market, a barrel of Brent fell 0.50%, to $73.88, while West Texas Intermediate (WTI) stood at $70.13, 0.61% less.

In the debt market, the yield on the Spanish bond with a maturity of 10 years has stood at 2.904%, from 2.941% on Tuesday. In this way, the risk premium against German debt has risen by one tenth, to 72 basis points.

Regarding currencies, the euro depreciated 0.19% against the dollar at the close of the European session, until trading at an exchange rate of 1.0872 ‘greenbacks’ for each unit of the community currency.

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