The Ibex 35 starts a decisive week for interest rates, rising 0.4%, to 9,349 points

MADRID, 12 Jun.

The Ibex 35 starts a decisive week for interest rates, rising 0.4%, to 9,349 points

MADRID, 12 Jun. (EUROPA PRESS) -

The Ibex 35 has started the session this Monday with a rise of 0.46%, which has led the selective to 9,349 points, with investors waiting for the decisions that the United States Federal Reserve (Fed) will adopt this week and the European Central Bank (ECB) on interest rates.

Already last week there were movements that predict that the ECB and the Fed will continue raising rates. The Federal Reserve Bank of Australia raised its rates to 4.10% last Monday, while the Bank of Canada approved two days later to raise rates 25 basis points to 4.75%.

While waiting for the Fed and the ECB, the Ibex 35 started the week above 9,300 points, highlighting the advances of Solaria (6.8%), Sacyr (0.83%), Fluidra and Inditex (0.74 % in both cases) and Iberdrola, whose shares appreciated by 0.65% after announcing the signing of a binding agreement with MIP for the sale of 55% of its business in Mexico for 6,000 million dollars.

Sacyr also slipped into the biggest promotions at the start of the session after announcing, before the market opened, the sale of its subsidiary Valoriza to Morgan Stanley Infrastructure for 734 million euros.

On the side of declines, those of Repsol (-0.87%), Acerinox (-0.46%) and Endesa stood out, whose shares fell 0.14% in the early stages of the trading day.

The main European markets have also opened up this Monday. Paris rose 0.6%, Frankfurt appreciated 0.5%, and London and Milan rose 0.4%, in line with the Madrid selective.

In the raw materials market, the price of a barrel of Brent fell 1%, to 74.03 dollars, while the West Texas Intermediate (WTI) fell to 69.45 dollars, 1% less.

In the debt market, the yield on the 10-year Spanish bond stood at 3.355%, with the risk premium hovering around 97 basis points, while in the currency market, the euro was trading at 1.0749 Dollars.

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