The Ibex 35 ends September with a fall of 0.8% in the month, but holds above 9,400

MADRID, 29 Sep.

The Ibex 35 ends September with a fall of 0.8% in the month, but holds above 9,400

MADRID, 29 Sep. (EUROPA PRESS) -

The Ibex 35 closed the month of September with a drop of 0.81% compared to August, although it has managed to hold on above 9,400 points.

In addition, it maintains an increase of 14.5% over December, when it closed the year at 8,229.1 integers. Compared to last week, it lost 0.77% and compared to June, the end of the second quarter, 1.72%.

The XTB analyst, Joaquín Robles, points out that the markets continue to be conditioned by the policies of the central banks, since these institutions could keep interest rates high for longer than expected or even make some additional increase, which is generating a "climate of pessimism."

As a reference, the expert highlights the eurozone CPI, which fell to 4.3% in September, the lowest figure since the end of 2021, while underlying inflation has slowed to 4.5%, driven by the sharp fall in the services sector, which has been in contraction for two months.

These figures have been "well received" in the market, since they could remove the possibility of a new rate increase, although inflation is still far from its objective and could suffer spikes in the coming weeks. In Spain, for example, inflation increased for the third consecutive month and stood at 3.5% in September.

In the first week of October, investors will be awaiting the publication of the manufacturing and services PMI in Europe and the United States. In addition, there will be a decision on rates in Australia and employment data in the United States.

Robles recalls that next week will be the prelude to a new season of business results in which a new decline in profits is expected, although this time only by 1.3%.

Returning to the Ibex 35, this Friday it closed practically flat compared to yesterday's level, with Solaria (3.90%), Fluidra (2.49%), Acciona Energía (2.09%), Colonial (1.99%) and Merlin (1.72%) as the most notable increases. On the opposite side, Ferrovial (-1.19%), Repsol (-1.02%), Santander (-0.86%), Inditex (-0.79%) and Acciona (-0.66) have been placed %).

The main European stock markets closed with gains of 0.41% in Frankfurt, 0.28% in Milan, 0.26% in Paris and 0.08% in London.

For its part, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.02%, to 95.36 dollars, while Texas stood at 90.91 dollars, 0.87 % less.

In the currency market, the price of the euro appreciated 0.17% against the dollar, to 1.0584 'greenbacks', while the interest rate on the long-term Spanish bond fell almost nine basis points and stood at at 3.928%.

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