The Ibex 35 maintains 11,500 points after opening slightly lower after the Fed’s decision

MADRID 8 Nov. () –

The Ibex 35 began this Friday’s session with a fall of 0.1%, which has led the Madrid selective to stand at 11,558.5 points at 9:00 a.m., following the decision of the Federal Reserve (Fed) to United States to lower interest rates for the second time since 2020.

Specifically, the Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) decided this Thursday to lower interest rates by 25 basis points, leaving them in the target range of 4.50 % to 4.75%.

In addition, the president of the Fed, Jerome Powell, stated that he continues to consider it feasible to combine a strong labor market with the control of inflation, while ensuring that he has no intention of resigning despite the friction with President-elect Donald Trump.

In Spain, Grifols recorded a net profit of 87.95 million euros during the first nine months of this year, compared to the losses of 14.22 million euros recorded in the same period last year, as reported by this Thursday the company, which has confirmed the forecasts for the whole of 2024.

For its part, IAG obtained a profit after taxes of 2,340 million euros between January and September 2024, 8.8% more than in the same period of the previous year.

In the early stages of this Friday’s session, the biggest increase within the Ibex 35 was recorded by IAG, which rose 4.57%, followed by Grifols (+1.31%), Cellnex (+0.59%) and Solaria (+0.48%).

On the other hand, on the decline side, ArcelorMittal stood out, losing 2.47%; BBVA, which fell 1.18%, and Banco Santander, which lost 0.85%.

The main European stock markets opened with a mixed sign. Specifically, Milan, Frankfurt and Paris fell by 0.26%, 0.04% and 0.01%, while London rose by 0.02%.

At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 74.87 dollars, 0.07% less, while Texas fell 0.2%, to $71.55.

In the currency market, the price of the euro against the dollar stood at 1.0770 ‘greenbacks’, while in the debt market, the interest required on the 10-year bond rose to 4.317%.