The Ibex 35 rises 1.1% at the close and climbs to 7-month highs after learning about inflation in the US

12 Jan. () –

The Ibex 35 has risen 1.17% in today’s session, which has allowed it to be at its highest since the end of May, reaching 8,828.1 integers at closing, after knowing the inflation data for the month of December in USA.

Specifically, the inflation rate in the American country stood at 6.5% in December in year-on-year terms, which represents a decrease of six tenths compared to the data for November, thus chaining six months of moderation and registering the smallest increase prices from October 2021.

In addition, core inflation, which is the result of excluding food and energy prices from the calculation, stood at 6% in December, three tenths less than the previous month.

The country’s high inflation data have led the United States Federal Reserve to raise interest rates at a particularly rapid pace, in such a way that the price of money has risen by more than four percentage points during 2022.

In this context, investors pay special attention both to this publication and to that of employment in the United States, to anticipate the movements of the Fed, which could moderate its rate of increases given the moderation of inflation.

However, both at the central bank’s last meeting in December and in recent days, various members of the Fed have reiterated their intention to continue raising rates and to keep them high for longer.

In this context, the biggest increases have been recorded by Meliá (+4.85%), IAG (+3.68%), Amadeus (+2.86%), ArcelorMittal (+2.50%), Banco Santander ( +2.27%), Solaria (+1.97%), ACS (+1.79%) and Fluidra (+1.72%). On the other hand, only Cellnex (-0.85%), Bankinter (-0.45%), Rovi (-0.28%), Naturgy (-0.12%), Acciona (-0 0.05%) and Grifols (-0.04%).

The rest of the European indices have also closed with increases of 0.89% in London, 0.74% in both Paris and Frankfurt and 0.73% in Milan.

The price of a barrel of Brent quality oil, a reference for the Old Continent, was at a price of 84.30 dollars at mid-session, with a rise of 1.98%, while Texas stood at 78.89 dollars, with a rise of 1.90%.

The value of the euro against the dollar stood at 1.0815 ‘greenbacks’, while the Spanish risk premium stood at 98 basis points, with the interest required on the ten-year bond at 3.140%.