MADRID 9 Oct. () –
The Ibex 35 ended the session practically flat, with a slight advance of 0.06%, which has led it to consolidate at the level of 11,700 integers, in a day of transition and with hardly any macroeconomic and business references.
The only highlight today is the publication of the minutes of the last meeting of the United States Federal Reserve (Fed), which will be known with the European market closed.
In this regard, Banca March experts comment in a report that these minutes will offer more detail about “the most important decision of the year” in terms of monetary policy, as it was the first rate cut in almost five years and that left rates in the United States in the range of 4.75%-5%.
Continuing with monetary policy but at the European level, the governor of the Bank of France and member of the Governing Council of the European Central Bank (ECB), François Villeroy de Galhau, has expressed his conviction that there will be a drop in interest rates for the eurozone in the meeting that the entity will hold on October 17 and which also “will not be the last.”
In the Spanish business field, Europastry yesterday canceled its IPO, scheduled for this Thursday, October 10, due to the low acceptance of the operation among investors. In a statement sent to the National Securities Market Commission (CNMV), the company has justified the cancellation “in response to the international geopolitical situation, which is producing profound instability in the markets.”
In this context, the biggest increases in the Ibex 35 have been those of ACS (+1.48%), Indra (+1.41%), IAG (+1.11%), Logista (+1.11%) and Amadeus (+1.10%). On the other hand, the most pronounced decreases have been recorded by Puig (-1.65%), Bankinter (-1.21%), Naturgy (-1.01%), Solaria (-0.74%) and Santander (- -0.60%).
Compared to the Ibex 35, the main European indexes have registered more forceful increases, with increases of 0.99% in the DAX of the Frankfurt Stock Exchange, of 0.65% in the FTSE 100 of London, of 0.59% in the FTSE MIB Milan, 0.52% on the CAC 40 in Paris.
Regarding raw materials, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.54%, to 76.76 dollars, while that of Texas stood at 73.32 dollars, 0.33% less, both affected by tensions in the Middle East.
In the foreign exchange market, the price of the euro against the dollar fell by 0.26%, to 1.0951 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond rose up to 3.008% with the risk premium (the differential with the German bond) at 74 points.
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