The Ibex 35 fell 0.11% in the mid-session, up to 11,558 points

MADRID 8 Nov. () –

The Ibex 35 was trading at 11,557.9 points in the mid-session this Friday, which represents a decrease of 0.11% compared to Thursday’s close, after the monetary policy decision of the United States Federal Reserve was announced yesterday.

Specifically, the Fed decided to lower interest rates by 25 basis points, to a target range of 4.50% to 4.75%. Furthermore, the president of the central bank, Jerome Powell, has detailed that he has no intention of resigning before the arrival of Donald Trump and that, in any case, he cannot be dismissed.

On a business level, this Friday IAG published results, reporting a net profit of 2,340 million euros between January and September, 8.8% more.

Outside the Ibex 35, FCC has carried out the spin-off of its real estate and cement businesses into the new company Inmocemento, and the CEO of Duro Felguera, Jaime Argüelles, has resigned.

In this context, towards mid-session, Grifols was the main bullish value (+5.95%), after having published its accounts on Thursday at market close. Behind them were IAG (+5.82%), Solaria (+3.06%), Acciona Energía (+1.97%), Cellnex (+1.80%), Iberdrola (+1.18%) and Redeia (+1.17%).

On the opposite side were BBVA (-2.55%), ArcelorMittal (-2.43%), Banco Santander (-2.07%), Banco Sabadell (-1.90%), Puig Brands (-1.40 %) and Repsol (-1.14%).

At mid-session, London fell 0.92%; Paris, 1.08%; Frankfurt, 1.02%; and Milan, 0.91%.

In the raw materials market, a barrel of Brent stood at $74.63, 1.34% less, while West Texas Intermediate (WTI) reached $71.27, 1.53% less.

Regarding debt, the yield on the Spanish bond with a 10-year maturity stood at 3.143%, from the 3.179% recorded at the close of Thursday. In this way, the risk premium against German debt rose by nine tenths, to 74.3 basis points.

In the foreign exchange market, the euro depreciated 0.10% against the dollar, reaching an exchange rate of 1.0794 ‘greenbacks’ for each unit of the community currency.