The Ibex 35 rises 0.25% in the half session and exceeds 9,500 points

MADRID, 29 Jun.

The Ibex 35 rises 0.25% in the half session and exceeds 9,500 points


The Ibex 35 registered a rise of 0.25% in the mid-session, which led the selective to stand at 9,505.5 points after 12:30 p.m., after learning of the drop in Spanish inflation in June to 1.9% in rate year-on-year, its lowest level since April 2021, and with the markets pending the intervention of the president of the United States Federal Reserve (Fed), Jerome Powell, in an act of the Bank of Spain in Madrid.

Specifically, he has ensured that the US banking system remains solid and resilient, after the tensions that affected the sector last spring have eased. In his opinion, the resilience of the financial system cannot be taken for granted.

"We cannot take the resilience of the financial system for granted," warned the US central banker during his speech at his conference in Madrid, organized by the Bank of Spain and CEMFI.

After closing yesterday's session with a rise of 0.94% and standing at 9,481.3 points, close to its highs for the year, the Madrid parquet exceeded the psychological level of 9,500 points at mid-session on a day in which that investors will be attentive to the European Central Bank (ECB), which publishes its economic bulletin, and to the summit of leaders of the European Union (EU) in Brussels.

In the event, the inflation data for Germany in June and the new requests for unemployment benefits in the United States will also be released, while 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 (1.48%), Inditex (1.45%), ACS (1.37%) and BBVA (1.34%) stood out, while on the side of decreases those of Endesa (-8.76%), whose shares are already trading without the right to receive the dividend that will be distributed on July 3; Red Eléctrica (-5.45%), and Colonial Real Estate (-0.71%).

The main European markets, with the exception of London, which dropped 0.26%, traded in profits in the middle tranche of the negotiation: Frankfurt rose 0.04%; Paris 0.57% and Milan 0.76%.

In the raw materials market, the price of a barrel of Brent fell 0.16%, to 73.91 dollars, while the West Texas Intermediate (WTI) fell to 69.53 dollars, 0.05% less .

In the debt market, the yield on the Spanish bond with a maturity of 10 years became more expensive and stood at 3.334%, with the risk premium reaching 98.5 basis points, while in the currency market, the euro rose it exchanged at 1.0923 dollars after appreciating one tenth with respect to the US currency.