MADRID, 30 Nov. (EUROPA PRESS) -
The Ibex 35 has closed the month of November with a rise of 5.09% compared to October, after having registered an advance of 0.49% this Wednesday, which has led it to stand at 8,363.2 integers, in a day marked by the publication of several macro data, including the advance data of the CPI of the euro area and the GDP of the United States.
The month has been marked, once again, by the evolution of inflation and its possible impact on the decisions of central banks, whose objective is to maintain price stability. With the data from the US, which stood at 7.8% in October, which seems to confirm the moderation of inflation, the markets are beginning to discount a softer path from the Federal Reserve (Fed).
In fact, last week, the minutes released from the Fed's October meeting seem to confirm this trend.
In Europe, the situation could be the opposite, although today it has been revealed that the year-on-year inflation rate in the euro area stood at 10% in November, which implies a drop of six tenths compared to the all-time record registered in October , according to the preliminary information published by the community statistical office, Eurostat, which points to Spain as the eurozone country where prices rose less intensely, with 6.6%.
"The drop in inflation represents the first cut in the rate since May 2021. The data is positive and should be welcomed by the market. In any case, inflation continues to be one of the main problems of the European economy and the The ECB has little room for maneuver to soften its approach We expect the ECB to continue raising rates both at its last meeting this year (we estimate 50 basis points on December 15) and throughout the first half of the year 2023", Bankinter analysts have pointed out.
On the other hand, the United States Bureau of Economic Analysis (BEA) has revised its growth forecast for gross domestic product (GDP) upwards by one tenth, to 0.7%, according to the second estimate of the data released by the agency this Wednesday.
In this way, the country left the technical recession into which it had entered in the second quarter, when the economy contracted by 0.1%, after having observed a fall of 0.4% in the first three months of the year.
The market is also waiting today for the appearance of the president of the Federal Reserve (Fed) of the United States, Jerome Powell.
The biggest increases in the Ibex 35 have been registered by Acciona Energía (5.99%), Meliá (3.07%), Acciona (2.81%), Solaria (2.43%), PharmaMar (2.36%), Naturgy (2.14%), Grifols (2.12%) and Fluidra (1.78%).
On the contrary, in the negative field, Merlin (-2.10%), Colonial (-1.67%), Indra (-1.61%), Bankinter (-1.19%), Red Eléctrica (- 1.12%), Enagás (-0.40%) and ArcelorMittal (-0.29%).
The rest of the European stock markets have also closed with gains of 1.01% in London, 1.04% in Paris, 0.29% in Frankfurt and 0.59% in Milan.
The price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 85.36 dollars, with a rise of 2.81%, while Texas stood at 80.67 dollars, with a rise of 3.17%.
Lastly, the price of the euro against the dollar stood at 1.0321 'greenbacks', while the Spanish risk premium stood at 99 basis points, with the interest required on the ten-year bond at 2.936%.