economy and politics

The Ibex 35 rises 1.21% in the session and reaches 7,300 points

The Ibex 35 rises 1.21% in the session and reaches 7,300 points

Oct. 13 () –

The Ibex 35 has recorded an advance of 1.21% in the session this Thursday, in which it has conquered the level of 7,300 points, after knowing the inflation data corresponding to the month of September in the United States.

The inflation rate in the United States stood at 8.2% last September, barely one tenth below the rise in prices in August, thus chaining three months of moderation and showing a slowdown less than the expected. Core inflation, which is the result of excluding food and energy prices from the calculation, stood at 6.6% in September, compared to 6.3% in August.

“Inflation does not let up. The general rate is slowing down less than estimated and the core rate is chaining its second consecutive month of advances. In fact, it is accelerating more than estimated. More arguments for the Fed to maintain its ‘hawkish’ stance (hard) Bad news for the market, which reacts quickly”, Bakinter analysts have pointed out.

In addition, yesterday the minutes of the last meeting of the Fed were released, where “the need to bring interest rates to a restrictive level and keep them there until inflation returns to its objective” was collected, the experts point out.

However, the Ibex 35 has closed in positive and has been placed at 7,348.8 points, with IAG shot up 9.34%, after announcing that the company’s performance during the third quarter has been better than expected, due to so earnings from operations before exceptional items in the quarter will be about 1.2 billion euros.

Behind, the greatest advances have been presented by Meliá (+5.28%), Repsol (+4.5%), Acerinox (+4.02%), Santander (+3.33%), Sabadell (+3, 21%) and Fluidra (+2.18%).

On the contrary, in the negative field, Acciona (-1.91%), Cellnex (-1.17%), Solaria (-1.11%), Endesa (-0.73%) and Grifols (-0) stood out. .43%).

The rest of the European stock markets have also closed positively, with increases of 0.35% in London, 1.04% in Paris, 1.51% in Frankfurt and 1.56% in Milan.

Likewise, the barrel of Brent quality oil, a reference for the Old Continent, was at a price of 94.24 dollars this Thursday, with a rise of 1.98%, while the Texas price was at 88.93 dollars , with a rise of 1.91%.

Finally, the price of the euro against the dollar stood at 0.9775 ‘greenbacks’, while the Spanish risk premium stood at 118 basis points, with the interest required on the ten-year bond at 3.425%.

Source link