The Ibex 35 rises 1.29% and recovers 11,500 points

MADRID 14 Nov. () –

The Ibex 35 closed this Thursday’s session higher, so that it managed to end the day by increasing 1.29%, to 11,524.30 points, with all the attention of investors focused on the United States.

In a few hours, the president of the Federal Reserve, Jerome Powell, plans to appear publicly to discuss the country’s economic prospects.

Continuing with central banking, this Thursday the minutes of the last meeting of the European Central Bank (ECB) were published. The Governing Council unanimously decided at its monetary policy meeting on October 17 to lower interest rates by 25 basis points, considering that the risks of acting at that time were lower than those of waiting for the December meeting to make a decision and do it too late.

On the other hand, this Thursday it was announced that the eurozone economy registered an expansion of 0.4% in the third quarter of the year, double the rate observed in the previous three months, while compared to the same period of 2023, annual growth was 0.9%, according to the second reading of the data published by Eurostat.

At the national level, this Thursday it was published that the CPI rose 0.6% in October in relation to the previous month and raised its interannual rate three tenths, up to 1.8%, according to the definitive data published by the National Institute of Statistics (INE), which coincide with those advanced at the end of last month.

In the Spanish business field, the energy infrastructure and water treatment group Cox has set the price of its IPO on the Continuous Market at 10.23 euros per share, the minimum amount of the price range it was considering (of 10.23 euros to 11.38 euros per title).

The vast majority of the Ibex 35 values ​​have closed the day positively. Grifols led the advances (+4.05%), followed by ArcelorMittal (+3.98%), Acciona Energía (+3.43%), Acciona (+3.38%), Banco Sabadell (+3.33% ), Merlin (+3.12%) and Unicaja (+2.93%).

Only four stocks ended Thursday’s day falling on the stock market: Fluidra (-1.07%), Rovi (-0.31%), Logista (-0.27%) and CaixaBank (-0.15%).

The positive tone has been common among the main European markets. London is up 0.49%; Paris, 1.31%; Frankfurt, 1.26%; and Milan, 1.86%.

In the raw materials market, a barrel of Brent was trading at $72.51 at the close of the European session, 0.32% higher, while West Texas Intermediate (WTI) appreciated 0.26%, up to $68.82.

In the debt market, the yield on the Spanish bond maturing in 10 years has stood at 3.048%, from 3.116% registered at the close of Wednesday. In this way, the risk premium against German debt has been reduced by two points, to 70.6 basis points.

In currencies, at the close of the European stock market session the euro was trading practically flat against the dollar, reaching an exchange rate of 1.0565 ‘greenbacks’ for each unit of the community currency.