The Ibex 35 rebounds 0.26% and recovers 11,600 points while waiting for the Fed

MADRID Dec. 18 () –

The Ibex 35 rebounded this Wednesday with an increase of 0.26%, reaching 11,617.9 points, in a day marked by the decision of the United States Federal Reserve (Fed), which will be announced tonight with the European market already closed.

Specifically, investors will not only be attentive to the level of interest rates announced by the US central bank, but also to possible clues as to how monetary policy will evolve in the coming months, as the market is awaiting the press conference. , the economic forecasts and the ‘dot plot’ (the map of points that predicts the evolution of rates).

According to Banca March experts, the Fed will close the year with a cut of 25 basis points and will leave them in the range of 4.5-4.25%, while now a period of rate cuts at a more moderate pace.

Within the macroeconomic agenda this Wednesday, it was learned that the eurozone inflation rate rose in November to 2.2% year-on-year, two tenths above the previous month’s reading, but one less than initially estimated. as reported by Eurostat.

In parallel, the interannual inflation rate in the United Kingdom stood at 2.6% last November, accelerating three tenths compared to the 2.3% rise in prices recorded in October and returning to the levels of last month. of March. In this way, the inflation reading for November was once again above the price stability threshold of 2% of the Bank of England, which meets this Thursday for the last time in 2024.

In the Spanish business field, Indra and the Emirati company Edge Group have reached an agreement for the constitution of a new joint entity (‘joint venture’), called Pulse, based in Abu Dhabi, for the design and manufacture of radars.

For its part, Moody’s has assigned Grifols a corporate family rating (CFR) of ‘B3’, after the credit rating agency withdrew its ratings on the Catalan company five months ago believing it had “insufficient or inadequate” to support their maintenance.

Associated with the continuous market, the new OHLA shares put into circulation on the occasion of the 70 million euro increase carried out last week began trading this Wednesday.

In addition, Gestamp’s board of directors has approved the cash distribution of an interim dividend against the results of the 2024 financial year in the amount of 0.04835 euros gross, which will be paid on January 14.

On the other hand, UniCredit reported this Wednesday that its global position in the German bank Commerzbank amounts to “approximately 28%”, of which 9.5% corresponds to direct participation and around 18.5% to derivative instruments.

In this context, Solaria has been the entity with the best performance at the close of the session (+2.38%), ahead of IAG (+2.2%), Logista (+2.12%), Bankinter (+1, 75%), Unicaja (+1.63%), CaixaBank (+1.3%), Repsol (+1.04%) and Banco Santander (+1.02%).

On the opposite side, Cellnex (-1.68%), Grifols (-1.19%), Enagás (-1.06%), Puig (-0.94%), Telefónica (-0.87%) have been placed ), Mapfre (-0.81%) and Sacyr (-0.7%).

In the rest of the main European stock markets, advances have prevailed as a rule: London has added 0.05%; Milan by 0.25% and Paris by 0.26%, while Frankfurt has fallen by a minimum of 0.02%.

At closing time in the Old Continent, a barrel of Brent stood at $74.03, up 1.17%, while West Texas Intermediate (WTI) reached $71.12, up 1.51%. % further.

In the debt market, the yield on the Spanish bond maturing in 10 years closed at 2.934% after adding one basis point, with the risk premium compared to the German bond at 69 points.

Regarding currencies, the euro depreciated 0.2% against the dollar, until trading at an exchange rate of 1.047 ‘greenbacks’ for each unit of the community currency.

For its part, the troy ounce of gold fell 0.45%, to $2,634, while bitcoin discounted 2.3% of its value and was trading at $104,000.