The Ibex 35 is driven by 1.79% and remains at the gates of 7,700 integers

MADRID, 24 Oct.

The Ibex 35 is driven by 1.79% and remains at the gates of 7,700 integers

MADRID, 24 Oct. (EUROPA PRESS) -

The Ibex 35 has increased 1.79% in the session this Monday, which has led it to stand at 7,680.5 integers, at the beginning of a week marked by the meeting of the Governing Council of the European Central Bank ( ECB), in which a new rise in interest rates is expected.

This week will also release new economic data such as third quarter GDP and inflation for the month of October in Germany, consumer confidence and third quarter GDP in the United States.

At the business level, Enagás, Iberdrola, Santander, Aena, PharmaMar, Repsol, Ferrovial, Sabadell, Acerinox, BBVA, CaixaBank, IAG and Mapfre are expected to announce their results.

This Monday it was published that the gross domestic product (GDP) of China registered a growth of 3.9% in the third quarter compared to the same period of the previous year, as well as in relation to the second quarter of the year.

Also in China, its main indices have registered falls after the end of the Communist Party Congress, which has resulted in the consolidation of the current leader, Xi Jinping.

In the United Kingdom, the Conservative Party has confirmed that former Finance Minister Rishi Sunak, the main favorite to succeed Liz Truss, will be the new leader of the formation after former Defense Minister Penny Mordaunt announced her departure from the race to take over leadership, after failing to secure the necessary support.

Scope Rating's director of public sector and sovereign debt ratings, Eiko Sievert, said that Sunak's victory "should underscore the new UK government's commitment to stabilizing public finances, thus helping to reassure markets shaken by the 'mini budget' from a month ago.

However, the new leader will have to make "unusually difficult" decisions as prime minister. "His government has few easy options, given the difficult macroeconomic context aggravated by the burden of Brexit," adds Sievert.

In this scenario, the biggest rises in the Ibex 35 have been recorded by PharmaMar (4.10%), Rovi (4.08%), BBVA (3.79%), Solaria (3.63%), Fluidra (2, 93%), Endesa (2.92%), Inditex (2.74%) and Acciona (2.71).

On the contrary, only IAG (-0.46%), Indra (-0.40%), ArcelorMittal (-0.32%), Grifols (-0.20%) and Enagás (- 0.16%).

The rest of the European stock markets have also closed with advances. Specifically, London has advanced 0.63%, Paris, 1.59%, Frankfurt, 1.79%, and Milan, 1.93%.

Likewise, a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 92.93 dollars, with a decrease of 0.62%, while Texas stood at 84.38 dollars, with a drop of 0.85%.

Finally, the price of the euro against the dollar stood at 0.9873 'greenbacks', while the Spanish risk premium stood at 111 basis points, with the interest required on the ten-year bond at 3.408%.

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