The Ibex closes again in tables (-0.05%) and consolidates 11,300 points awaiting Fed minutes

May 22. () –

The Ibex 35 closed this Wednesday with a minimum drop of 0.05%, reaching 11,329 points, on a day in which investors are waiting to know this afternoon the minutes of the last meeting of the Federal Reserve of the United States. United States (Fed), as well as the results of the American technology company Nvidia.

The main indicator of the Spanish market has thus chained its fourth day above 11,300 points, close to the historical highs of July 2015 that it reached a week ago, although the start of this week has stood out for the minimal variations (the selective It rose 0.1% on Monday and dropped 0.04% yesterday.

On the macroeconomic agenda, this Wednesday it was announced that the interannual inflation rate in the United Kingdom stood at 2.3% last April, nine tenths below the rise in prices recorded in March and the lowest reading of the index since July 2021.

Regarding the Fed minutes, which will be known this afternoon with the European market already closed, Renta 4 analysts indicated today in a report that they do not expect surprises and that they will confirm the idea that, although inflation may take more than expected to approach the 2% target, and although the road towards it will be bumpy, the next movement in interest rates will be downwards.

The entity forecasts two Fed rate cuts in 2024, the first of them after the summer.

In the business sphere, the owners of Mayoral have acquired a 5.001% stake in Línea Directa (listed on the continuous market), controlled exclusively through voting rights, according to the records of the National Securities Market Commission (CNMV).

In this context, Acciona Energía has led the advances of the Ibex 35 by recording an advance of 4.76%, followed by Solaria (+4.26%), Merlín (+2.94%), Acciona (+2.35% ), Banco Sabadell (+1.55%) and Endesa (+1.53%).

On the opposite side, Grifols (-6.27%), Mapfre (-5.08% due to the ex-dividend effect), Enagás (-1.49%), Fluidra (-1.15%) and Amadeus ( -0.97%).

The evolution in the mid-session this Wednesday was also negative in the rest of the main European stock markets. London fell 0.29%; Paris, 0.50%; Frankfurt, 0.26%; and Milan, 0.24%.

In the rest of the European markets, losses have been the common denominator: Frankfurt has lost 0.25%; Milan 0.41%; London 0.55% and Paris 0.61%.

At closing time, a barrel of Brent crude oil, the benchmark in the Old Continent, fell 1.1% to $82, while its US counterpart, WTI from Texas, fell 1.07%, up to $77.83.

In the foreign exchange market, the euro depreciated 0.15% against the dollar, reaching an exchange rate of 1.0838 ‘greenbacks’ for each unit of the community currency.

On the other hand, in the secondary debt markets, the yield of the Spanish bond maturing in 10 years has closed at 3.295% after adding three basis points, with the risk premium (the differential with the German bond) at 76, 2 points.

In the foreign exchange market, the euro depreciated 0.15% against the dollar, reaching an exchange rate of 1.0838 ‘greenbacks’ for each unit of the community currency.