economy and politics

The Ibex 35 closes with an increase of 0.29% and at 11,840 points, with attention focused on the US.

File - Ibex panels at the Madrid Stock Exchange Palace, September 30, 2024, in Madrid (Spain).


File – Ibex panels in the Madrid Stock Exchange Palace, September 30, 2024, in Madrid (Spain). – Carlos Luján – Europa Press – Archive

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MADRID 5 Nov. () –

The Ibex 35 closed this Tuesday’s session with an increase of 0.29%, reaching 11,839.2 points, on a day marked by the holding of the presidential elections in the United States.

During the session, the selective of the Spanish stock markets and markets has lost the level of 11,800 points on several occasions, but has finally closed higher.

Banca March experts have assessed in a report in relation to the United States elections that “although the voting ends today, it is most likely that uncertainty will remain for several days and we will not know who will be president until a couple of weeks later.” .

Investors are also awaiting the monetary policy meeting of the United States Federal Reserve (Fed), which will be held this Thursday and for which the market predicts a new quarter-point interest rate cut.

In Spain, at the start of the day it was known that unemployment rose by 26,769 people in October, weighed down by the services sector and exceeded 2.6 million, while Social Security gained an average of 134,307 contributors.

Likewise, the Public Treasury has placed 4,956 million euros in six- and twelve-month bills this Tuesday, in the high expected range, and has done so by raising the profitability to one year, but reducing it in the case of six-month bills.

In this way, Unicaja was the stock that rose the most on the Stock Market this Tuesday (+1.84%), ahead of Repsol (+1.70%), Bankinter (+1.63%), ArcelorMittal (+1, 32%), Inditex (+0.96%) and IAG (+0.91%).

On the opposite side were Puig Brands (-1.86%), Cellnex (-1.42%), Rovi (-1.42%), CaixaBank (-1.20%, due to the ex-dividend effect ‘), Acciona Energía (-1.18%) and Acciona (-0.99%).

The evolution in the rest of the European markets has been uneven. While London has fallen 0.14% and Milan has dropped 0.20%; Paris rose 0.48% and Frankfurt rose 0.57%.

In the raw materials market, a barrel of Brent advanced 1.52% at the close of the European session, up to $76.23, while West Texas Intermediate (WTI) reached $72.65, up 1. 67% more.

In the debt market, the yield on the Spanish sovereign bond with a 10-year maturity has climbed to 3.128%, from the 3.103% recorded at the close of Monday. In this way, the risk premium against German debt stood at 70.3 basis points, five tenths less.

In the foreign exchange market, the euro appreciated 0.40% against the dollar, reaching 1.0921 dollars for each unit of the community currency.

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