economy and politics

The Ibex 35 rose 0.67% in the session and recovered 11,900 points

The Ibex 35 rose 0.67% in the session and recovered 11,900 points

MADRID 15 Oct. () –

The Ibex 35 closed this Tuesday’s session with a rise of 0.67%, which has translated into a gain of almost 80 points, so the selective has reached 11,930.2 integers, which points to be a new ‘attack’ at the level of 12,000 points.

At the beginning of the session this Tuesday it was known that the Consumer Price Index (CPI) fell 0.6% in September in relation to the previous month and cut its interannual rate by eight tenths, to 1.5%, its lowest figure since March 2021, when it stood at 1.3%, according to data published by the National Institute of Statistics (INE), which coincides with those advanced at the end of last month.

At the European level, it has been published that French inflation in September moderated to 1.1% year-on-year; that Germany’s ZEW investment confidence has improved more than expected in October and that eurozone industrial production in August rebounded by 1.8% monthly (0.1% year-on-year).

Likewise, it has been known that the unemployment rate in the United Kingdom fell by one tenth in August, reaching 4%.

On a broader level, investors are awaiting Thursday’s meeting of the European Central Bank (ECB), which already lowered interest rates by 25 basis points last September, while at the same time paying attention to the corporate earnings season in the United States.

In the Spanish business field, OHLA has once again asked its bondholders to postpone the payment of the next debt coupon, initially scheduled for September 15 and which it now expects to pay on October 31, as reported by the company yesterday, with the market already closed, to the National Securities Market Commission (CNMV).

At the close of the session, IAG was the main value on the Ibex 35, flying above the others with an increase of 4.84%. Below were Endesa (+1.76%), Iberdrola (+1.70%), Aena (+1.68%), Logista (+1.55%), Redeia (+1.07%) and Grifols (+1.02%).

On the opposite side, Solaria has been the value that has fallen the most (-3.51%), ahead of ArcelorMittal (-2.09%), Puig Brands (-2.02%), Repsol (-2.01% ), Banco Sabadell (-0.45%) and Fluidra (-0.43%).

Outside the Ibex 35, the price of Pharmamar stands out, which has increased by 32.69%, after publishing “positive” results from one of its clinical trials.

The Ibex has been the ‘green lantern’ of the European stock markets. London has fallen 0.52%; Paris, 1.05%; Frankfurt, 0.11%; and Milan, 0.29%.

In the raw materials market, a barrel of Brent stood at $73.89, 4.63% less, while West Texas Intermediate (WTI) reached $70.19, 4.93% less.

In the debt market, the yield on the Spanish bond with a 10-year maturity fell to 2.945%, from 3.010% registered at the close of Monday. In this way, the risk premium against German debt fell by 1.4 points, to 72.1 basis points.

In the foreign exchange market, the euro depreciated 0.08% against the dollar, until trading at an exchange rate of 1.0900 ‘greenbacks’ for each unit of the community currency.

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