The Ibex 35 opens slightly upwards and is close to 9,500 points, watch out for Powell in Madrid

MADRID, 29 Jun.

The Ibex 35 opens slightly upwards and is close to 9,500 points, watch out for Powell in Madrid

MADRID, 29 Jun. (EUROPA PRESS) -

The Ibex 35 has started the session this Thursday with a rise of 0.08%, which has led the selective to 9,488.79 points, with the markets pending the intervention of the president of the Federal Reserve of the United States (Fed ), Jerome Powell, in an act of the Bank of Spain in Madrid.

Powell warned yesterday, at the central bank forum held in Sintra (Portugal), that the Fed has room to continue raising interest rates after having interrupted the sequence of ten consecutive increases in June, while stressing that there is a "significant" probability that the economy will enter a recession, even if it is not the main scenario.

Likewise, investors will be attentive today to the European Central Bank, which publishes its economic bulletin this Thursday, and to the summit of leaders of the European Union (EU) in Brussels.

After closing yesterday with a rise of 0.94% and standing at 9,481.3 points, close to its highs for the year, the Madrid parquet had breakfast with the publication of the advanced CPI for Spain, which increased by 0.6% in June in relation to the previous month and cut its interannual rate by 1.3 points, to 1.9%, its lowest level since March 2021.

Likewise, this Thursday the inflation data in Germany and the new requests for unemployment benefits in the United States will also be released, at the same time that tomorrow the updated data on the GDP of the United Kingdom will be published in the first quarter, the unemployment in Germany and inflation in the euro area as a whole.

Within the Ibex 35, the advances of CaixaBank (0.67%), Inditex (0.61%), Acciona (0.52%) and Banco Sabadell (0.32%) stood out, while on the side of decreases Those of Endesa (-7.58%) stood out, whose shares are already trading without the right to receive the dividend that will be distributed on July 3; Red Eléctrica (-3.79%), and Indra (-0.22%).

The main European markets have opened this Thursday with a mixed sign: Paris rose 0.18%, while the Milan Stock Exchange appreciated 0.14%, and Frankfurt and London were trading almost flat.

In the raw materials market, the price of a barrel of Brent fell 0.4%, to 73.94 dollars, while the West Texas Intermediate (WTI) fell to 69.28 dollars, 0.4% less .

In the debt market, the yield on the 10-year Spanish bond stood at 3.332%, with the risk premium reaching 95 basis points, while in the foreign exchange market, the euro was trading at 1.0905 Dollars.

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