The Ibex 35 is revalued by 0.5% at closing and is consolidated at 9,400 integers

MADRID, 8 Mar.

The Ibex 35 is revalued by 0.5% at closing and is consolidated at 9,400 integers

MADRID, 8 Mar. (EUROPA PRESS) -

The Ibex 35 has closed in positive, with an advance of 0.58%, despite having started the day in 'red', which has finally led it to consolidate at the level of 9,400 integers, in a session in which that it has become known that the expansion of the euro zone was interrupted in the fourth quarter of 2022, as the GDP of the region stagnated compared to the previous three months, when growth was 0.4%, according to the latest reading of the data published by Eurostat, which has cut its preliminary estimate by one tenth.

In addition, the market has been awaiting the second appearance of the president of the Federal Reserve (Fed), Jerome Powell, before the United States Congress, where he has assured that the US central bank has not yet made any decision on the rise in interest rates at the meeting that will hold within two weeks. It should be noted that yesterday before the Senate, Powell assured that the Fed would accelerate its rate hikes if inflation does not subside.

In this context, the Ibex 35 has closed at 9,466.1 points and the biggest increases have been recorded by Endesa (4.49%), Amadeus (1.44%), Banco Santander (1.42%), CaixaBank ( 1.43%) and Cellnex (1.20%). On the opposite side were Grifols (-2.66%), Colonial (-1.78%), Merlin (-1.07%), Meliá (-0.69%) and Repsol (-0.65% ).

The rest of the European stock markets closed with slight gains: specifically, 0.58% in Frankfurt, 0.54% in Milan and 0.13% in London. Only Paris has ended in negative with a decrease of 0.20%.

Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 82.81 dollars, with a decrease of 0.56%, while Texas traded at 76.85 dollars, 0. 94% less.

In the currency market, the price of the euro against the dollar stood at 1.0555 'green bills', while the Spanish risk premium stood at 103 basis points, with the interest required on the ten-year bond at 3.655%. .

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