The Ibex 35 falls 1.1% in the mid-session and remains below 10,000 points

MADRID, 16 Ene.

The Ibex 35 falls 1.1% in the mid-session and remains below 10,000 points


The Ibex 35 was trading in the mid-session this Tuesday with a fall of 1.12%, which brought it to 9,963.9 points, on a day in which Wall Street returns to stock market activity after being closed yesterday for the celebration of Martin Luther King Day.

Today, Germany's CPI stands out, which stood at 3.7% year-on-year in December, which represents an increase of half a percentage point compared to November, although the average increase in the cost of living in the largest European economy in 2023 will be moderated to 5.9% from 6.9% in 2022.

In addition, it has been learned that the ZEW index of investment confidence in Germany and the eurozone has improved in January, reaching its highest record in eleven months.

In Spain, the Spanish Public Treasury has placed 1,997.76 million euros in a short-term debt auction and has done so by cutting the remuneration offered to investors for both the three-month and nine-month reference.

Despite reducing the interest offered in this issue of bills, the high levels of profitability have maintained the markets' investment appetite for Spanish securities. The joint demand from both references has doubled what was awarded, with requests of 4,574 million euros.

Investors are also awaiting the publication of the European Central Bank's (ECB) inflation expectations for one year and three years, in a context in which markets await signals to determine expectations of rate cuts.

In addition, this week the World Economic Forum is taking place, which will be held in the Swiss town of Davos from this Monday until next Friday, and in its 54th edition it has a large presence from the Ibex 35, among others.

In this context, the only increases in the Ibex 35 in the mid-session were recorded by Grifols (0.97%) and Telefónica (0.03%). On the other hand, the biggest falls were those of Solaria (-3.21%), Banco Sabadell (-3.17%), Aena (-2.70%) and Acciona (-2.43%).

European stock markets were also trading in the red. Specifically, Paris fell 0.56%; Frankfurt, 0.65%; Milan, 1.10%, and London, 0.53%.

In the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.90%, to 78.85 dollars, while Texas stood at 73.07 dollars, a 0.54% more.

In the currency market, the price of the euro against the dollar advanced to 1.0878 'greenbacks', while in the debt market the interest required on the 10-year Spanish bond fell to 3.133% and the premium risk stood at 91 basis points.