The Ibex 35 conquers 8,300 points in the half session with an advance of 1.23%

June 28. () –

The Ibex 35 extended its gains to 1.23% and conquered 8,300 points in the mid-session, on a day marked by the rise in crude oil, the absence of relevant macro data and the start of the official agenda of the NATO summit in Madrid on June 29 and 30.

The context continues to be marked by inflation, central bank decisions, fears of an economic slowdown, the war between Russia and Ukraine, and lockdowns in China.

The president of the European Central Bank (ECB), Christine Lagarde, assured this Tuesday that the institution is willing to go “as far as necessary” to guarantee that inflation stabilizes in the medium term at the 2% objective and has defended that having a specific tool to combat fragmentation will allow the entity to increase interest rates “as much as necessary”.

On the other hand, it has become known that the confidence of German consumers is being greatly affected by the war in Ukraine and the high levels of inflation, which points to a new drop in the indicator prepared by GfK to a minimum of -27, 4 points, compared to -26.2 the previous month, its worst reading since the beginning of the historical series in 1991.

The index was trading at 8,343.8 points at twelve noon, with most of its values ​​in ‘green’. The greatest increases were presented by Repsol (+3.08%), Naturgy (+2.62%), Sacyr (+2.55%), Sabadell (+2.5%), Endesa (+2.42%), Bankinter (+2.27%) and Amadeus (+2.14%).

On the contrary, Fluidra (-2.72%), Rovi (-1.07%), Cellnex (-0.69%) and Inditex (-0.41%) were listed in ‘red’.

The rest of the European stock markets also showed advances in the mid-session, 1.12% in London, 1.15% in Paris, 0.62% in Frankfurt and 1.09% in Milan.

On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 117.15 dollars, with an increase of 1.79%, while Texas stood at 111, 22 dollars, after advancing 1.47%.

Finally, the price of the euro against the dollar stood at 1.0588 ‘greenbacks’, while the Spanish risk premium stood at 110 basis points, with the interest required on the ten-year bond at 2.725%.