The Ibex 35 rises 0.63% due to the United States CPI and sets its sights on the Federal Reserve (Fed)

June 12. () –

The Ibex 35 closed this Wednesday with an increase of 0.63%, reaching 11,245.4 points, encouraged by the decline in inflation in the United States in May and waiting to know the Reserve’s decision in a few hours Federal (Fed) regarding interest rates.

The Spanish selective has started the day with doubts and seemed determined to stay below 11,200 integers, however, it has finally recovered that level due to the declining inflation in the United States and despite the leadership in the declines of BBVA and Banco Sabadell, that have subtracted more than 2% from their price.

Specifically, the United States Consumer Price Index (CPI) slowed its year-on-year increase by one tenth in the month of May, reaching 3.3%, while the underlying rate has moderated to 3.4%.

Thus, investors’ attention now shifts to the meeting of the United States Federal Reserve (Fed). Although no changes in interest rates are expected, investors will look for clues about changes in the future in the press conference given later by its president, Jerome Powell.

“Although the Fed is not expected to cut rates today, today’s inflation report is a step in the right direction as investors look for clues from Chairman Powell on what the Fed’s next steps could be,” the analyst continued. eToro investment manager Bret Kenwell.

Also on the macroeconomic agenda this Wednesday, it was highlighted that China’s CPI registered a year-on-year increase of 0.3% last May, the fourth in a row, thus repeating the rate of rise in prices from the previous month. For its part, it has been confirmed that German inflation in May rose two tenths, to 2.4%.

Under the Spanish business umbrella, the new Almirall shares issued as a result of the capital increase to implement its flexible dividend have been admitted to trading on the Madrid, Barcelona, ​​Bilbao and Valencia Stock Exchanges this Wednesday.

Given this situation, within the Ibex 35, Grifols has led the selective in the section of increases (+3.7%), followed by Colonial (+3.23%), Ferrovial (+2.64%), Merlín ( +2.43%), Aena (+2.32%), Amadeus (+2.25%) and Inditex 2.2%).

On the opposite side, BBVA (-2.54%), Banco Sabadell (-2.17%), Naturgy (-1.51%), Repsol (-0.97%) and Telefónica (-0. 91%).

The stock market performance has been more vigorous in the rest of Europe: London has added 0.83%; Paris 0.97%; Frankfurt 1.42% and Milan 1.43%.

In the raw materials market, a barrel of Brent rose 0.46% at closing time in Europe, to $82.3, while West Texas Intermediate (WTI) reached $78.28, a 0.5% more.

In the debt market, the yield on the Spanish bond with a 10-year maturity closed at 3.311% after subtracting almost one tenth. In this way, the risk premium (the differential with the German bond) has remained at 78.3 points.

Regarding currencies, the euro was trading at 1.0844 dollars for each unit of the community currency, 1% more than yesterday’s close thanks to the decrease in inflation in the United States and the consequences that it could have in the face of a greater monetary flexibility in that country.