The Ibex 35 rises 1% in the mid-session and recovers 9,600 points while waiting for the US Fed

MADRID, 20 Sep.

The Ibex 35 rises 1% in the mid-session and recovers 9,600 points while waiting for the US Fed

MADRID, 20 Sep. (EUROPA PRESS) -

The Ibex 35 registered a rise of 1% in the mid-session of this Wednesday, reaching 9,622.5 points, returning to the closing levels of the end of August, close to the highs of the year. while waiting to know the results of the meeting of the United States Federal Reserve (Fed), which will communicate its decision on interest rates this afternoon after the European market closes.

Investors will also be watching the monetary policy meetings of the Bank of England and the Swiss National Bank on Thursday, as well as the Bank of Japan on Friday, in the coming days.

In the macroeconomic field and before the opening of the market it was known that the interannual inflation rate of the United Kingdom stood at 6.7% in August, one tenth less than in July, which represents the lowest level of inflation in the country from February 2022.

At the start of the trading day, it was revealed that home sales in Spain registered a decrease of 10.5% in July compared to the same month last year, to a total of 48,303 operations, its lowest figure this month since 2020, in a context of higher interest rates to contain inflation.

Likewise, it has been known that Germany's producer price index (PPI) fell by 12.6% in August in an interannual rate, although it has grown by 0.3% in a monthly rate, more than expected.

In the middle section of trading this Wednesday, the biggest increases within the Ibex 35 were recorded by Colonial (3%), Merlin Properties (2.88%), IAG (2.59%) and Banco Sabadell (2.02 %).

Also standing out, although in a softer way, were other important values ​​in the selective such as Telefónica (1.5%); Inditex (1.2%); Banco Santander (1.17%); Iberdrola (1.1%); BBVA (0.91%) and Caixabank (0.71%).

On the other hand, Rovi (-4.2%) appeared on the decline side; Repsol, affected by the decline in crude oil (-0.36%); Indra (-0.35%); Logistics (-0.32%); Sacyr (-0.27%) and Mapfre (-0.15%).

The main European stock markets also rose at midday: Paris added 0.42%; Frankfurt 0.61%, London 0.76% and Milan 1.06%.

At the same time, in the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.67%, to 93.71 dollars, while Texas stood at 90 .22 dollars, 1.07% less.

In the foreign exchange market, the price of the euro increased by 0.2% against the dollar, to 1.0701 'greenbacks', while in the debt market the interest required on the 10-year Spanish bond fell to 3.77%.

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