The Ibex 35 gives up 0.6%, but retains 10,000 points

MADRID, 1 Feb.

The Ibex 35 gives up 0.6%, but retains 10,000 points


The Ibex 35 closed this Thursday with a decrease of 0.63%, which brought it to 10,014.0 points, in a day marked by the Fed's monetary policy decision on Wednesday and the publication of results. from Banco Sabadell.

Yesterday, after the European markets closed, the United States Federal Reserve decided to maintain interest rates in a target range of between 5.25% and 5.50% for the fourth consecutive meeting. The president of the central bank, Jerome Powell, announced that the price of money is already at its peak in this monetary cycle, so in 2024 rates will end up lowering.

Today, the Bank of England's Monetary Policy Committee has decided to maintain the reference interest rate for its operations at 5.25%, the highest level since 2008 and unchanged for the fourth consecutive meeting, as announced by the institution.

In the business field, Sabadell reported this Thursday that it obtained a record net profit of 1,332 million euros in 2023, which is equivalent to an increase of 55% compared to the previous year. The entity has also announced a share repurchase plan of 340 million euros and the payment of a complementary dividend of 0.03 euros per share.

The resignation of Indra's financial director and the entry into the capital of Opdenergy by GCE BidCo have also been announced.

In the macroeconomic field, Eurostat reported this Thursday that the inflation rate in the euro zone stood at 2.8% year-on-year in January, one tenth below the 2.9% rise in prices at the close of 2023.

Likewise, this Thursday the Public Treasury has placed 6,569.6 million euros, in the middle band of its objectives, in a bond issue with which it has begun the auctions for the month of February, lowering the interest offered to investors in the reference to 10 years and raising that of obligations linked to inflation.

In this context, only four stocks have ended positively: Repsol (0.91%), Sacyr (0.46%), Santander (0.12%) and ACS (0.05%). On the opposite side, the biggest falls have been those of Colonial (-4.74%), Ferrovial (-3.16%), Sabadell (-2.86%), Bankinter (-2.03%), Merlin (- 1.84%) and Acciona Energía (-1.58%).

The rest of the European indices have also closed lower, highlighting the 0.89% decrease in Paris. Behind, Frankfurt ended the session with losses of 0.26%; Milan, 0.18%; and London, 0.11%.

In the raw materials market, a barrel of Brent registered a rise of 1.06%, up to $81.40, while West Texas Intermediate (WTI) reached $76.70, up 1.12%.

In the debt market, the yield on the Spanish bond with a 10-year maturity fell to 3.072%, while the risk premium against German debt stood at 92.7 basis points.

In the foreign exchange market, the euro appreciated 0.42% against the dollar, until trading at an exchange rate of 1.0863 'greenbacks' for each unit of the community currency.