June 28 () –
The Ibex 35 has closed this Wednesday with a rise of 0.94%, which has taken the selective up to 9,481.3 points, for which reason it has been close to its maximums of the year, in which it was listed two weeks ago, despite the fact that the main central banks have anticipated further rises in interest rates during the day to tackle high inflation.
The ECB’s chief economist, Philip Lane, warned this morning at the central bank conference in Sintra (Portugal) that interest rate cuts should not be expected in the next two years, a statement that is in line with the appearance yesterday of the president of the organization, Christine Lagarde.
His counterpart at the US Federal Reserve, Jerome Powell, has declared that more restrictions are coming and has estimated that it will take between 12 and 18 months to reach the inflation target of 2%, while the governor of the Bank of England has indicated that the British economy is being more resilient than expected to rate hikes.
Powell will attend an event of the Bank of Spain in Madrid tomorrow, in a day in which the inflation data in Germany and Spain will be known, at the same time that the updated data of the GDP of the United Kingdom in the first quarter will be published on Friday , unemployment in Germany and inflation in the euro area as a whole.
At the close of the session, Banco Santander led the advances of the Spanish selective with a rise of 3.58%, followed by Fluidra with 3.34% and Grifols with 3.23%. On the opposite side, Acerinox has reaped the most bearish result of the session with a fall of 1.04%, while ArcelorMittal has left 0.4% and Caixabank 0.3%.
The main European markets have also concluded the session with advances without being affected by the bearish tone of Wall Street: London has added 0.52%; Frankfurt 0.64%; Milan 0.86% and Paris 0.98%.
In the raw materials market, the price of a barrel of Brent rose 1.94% to 73.68 dollars, while the West Texas Intermediate (WTI) rose to 69.19 dollars, 2.23% more.
In the debt market, the yield on the 10-year Spanish bond closed at 3.285%, with the risk premium reaching 97.5 basis points, while in the currency market, the euro lost 0, 48% compared to the ‘green ticket’ and was exchanged at 1.0909 dollars.
