economy and politics

The Ibex 35 closes flat and is below 11,600 points

The Ibex 35 closes flat and is below 11,600 points

MADRID 20 Nov. () –

The Ibex 35 closed this Wednesday’s session practically flat, barely having gained 0.01%, and standing at 11,589.5 points, despite the fact that in the first hours of trading it had managed to recover 11,700 integers.

Investors’ attention is focused on geopolitical risks, after Ukraine’s decision to launch the first long-range missiles of American origin against Russia and with Russia warning the United States and its allies that this situation could lead to a direct conflict.

In this Wednesday’s session, the inflation rate in the United Kingdom also stands out, which stood at 2.3% in October in an interannual rate, accelerating six tenths compared to the 1.7% price increase recorded. in September and returning to the levels of last April.

In the eurozone, it has been known that negotiated salaries have reached an increase of 5.2%, their largest increase since 1993, which may call into question future interest rate cuts.

In addition, the markets will be awaiting the results of Nvidia, one of the main exponents of artificial intelligence (AI), although they will be known at the close of the European market.

During this Wednesday’s session, the Colonial and Merlin SOCIMIs closed as leaders, with an increase of 2.55% and 2.29%, respectively. Behind them were IAG (+1.64%), Aena (+1.47%), ACS (+1.25%) and Acciona Energía (+1.24%).

The worst data of the day is for Solaria (-4.1%), followed by BBVA (-1.05%), Fluidra (-1%), Banco Santander (-0.91%), ArcelorMittal (-0. 63%) and Ferrovial (-0.43%).

The rest of the European stock markets recorded a negative evolution this Wednesday, with London falling 0.17%; Paris, 0.43%; Frankfurt, 0.29%; and Milan, another 0.29%.

At the close of the European trading session, a barrel of Brent was trading at $73.26, 0.07% lower, while West Texas Intermediate (WTI) was at $69.55, 0.23% higher. .

In the debt market, the yield on the Spanish bond maturing in 10 years has stood at 3.062%, from 3.045% on Tuesday. In this way, the risk premium against German debt has stood at 71.1 basis points, four tenths more.

Regarding currencies, the euro depreciated 0.73% against the dollar at the close of the European session, to 1.0519 ‘greenbacks’ for each euro. Bitcoin has reached new all-time highs this Wednesday, touching $95,000.

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