July 12 () –
The Ibex 35 has closed this Wednesday with a rise of 1.31%, reaching 9,453.7 points, after the greater than expected drop in US year-on-year inflation in June, which stood at 3%, in so much so that the underlying has moderated to 4.8%.
The Spanish selective opened in positive territory with an increase of around 0.5% and remained at these gains until the arrival of the US CPI, at which time the rises of all the European markets intensified, as well as the indicators Wall Street, which added close to 1% at closing time in the Old Continent due to the prospect of a less restrictive monetary policy.
In addition, in Spain, the INE has confirmed that the CPI increased by 0.6% in June in relation to the previous month, but that it cut its year-on-year rate to 1.9%, its lowest level since March 2021.
Investors are also paying attention today to the intervention of the chief economist of the European Central Bank (ECB), Philip Lane, in the United States, as well as the publication in that country of the Beige Book of the Federal Reserve (Fed), with the European market already closed.
Within the Ibex 35, Banco Santander, one of the great values of the selective, has signed the best result of the session with a rise of 4.17%; followed by Fluidra with 3.35%; ArcelorMittal 2.74%; Naturgy 2.48% and BBVA 2.36%.
At the opposite extreme, only three stocks ended the session with a negative sign: IAG (-2.68%), Aena (1.56%) and Acciona Energía (-0.21%).
The main European markets, like Madrid, have closed with gains of more than one point: Frankfurt has risen 1.47%; Paris 1.57%; Milan 1.75% and London 1.83%.
In the raw materials market, the price of a barrel of Brent rose 0.75% at the close of the session, up to 80 dollars -a level that had not been touched since the end of April-, while the West Texas Intermediate (WTI) climbed to the 75.7 dollars, 0.87% more.
In the foreign exchange market, the perspective of a softer monetary policy in the US after knowing the inflation data for June, made the euro appreciate 1.03% compared to the “green ticket”, to 1.1122 dollars, maximum since March 2022, just as the Fed started the tightening cycle that brought interest rates from 0% to the current range of 5-5.25%.
In the debt market, the interest on the long-term Spanish bond closed at 3.583% after subtracting twelve basic points, while the risk premium (the differential with the German bond) remained at 103 points.
