The Ibex 35 takes off towards the mid-session and recovers 9,400 points

MADRID, 14 Jun.

The Ibex 35 takes off towards the mid-session and recovers 9,400 points


The Ibex 35 rebounded towards mid-session and achieved a rise of 0.85%, up to 9,414.6 points, after having woken up practically flat, in a day in which investors will be attentive to the rate decision adopted by the Reserve Federal of the United States (Fed).

This Wednesday it has been known that the GDP of the United Kingdom grew by 0.1% in the three months to April compared to the three months to January 2023. Likewise, wholesale prices in Germany registered a year-on-year drop of 2.6% last May, after the 0.5% drop in April, which represents the largest correction in wholesale inflation since July 2020.

For its part, the International Energy Agency (IEA) has indicated that the growth of global oil demand will slow "to almost a halt" over the next few years, while the transition to cleaner energy accelerates, which allows us to glimpse the "peak" of world crude oil consumption towards the end of this decade.

In this context, Grifols led the selective of the Spanish stock markets and markets (7.18%), after announcing that it is considering selling a percentage of its stake in Shagai RAAS. Behind were BBVA (2.72%), Banco Santander (2.08%), ArcelorMittal (2%), Bankinter (1.73%) and Banco Sabadell (1.64%).

On the other hand, only five Ibex stocks were trading negative towards the mid-session: Sacyr (-0.45%), Telefónica (-0.33%), Acciona Energías Renovables (-0.32%), Inditex (-0 .29%) and Indra (-0.26%).

In the rest of Europe, the main stock markets registered a dynamism towards the mid-session similar to the Ibex. The German DAX advanced 0.50%; the French CAC 40, 0.72%; the Italian FTSE MIB, 1.13%; and the British FTSE 100, 0.30%.

In the raw materials market, the Brent barrel experienced an increase of 1.08%, up to 75.10 dollars, while the West Texas Intermediate (WTI) stood at 70.11 dollars, 0.99% further.

In the debt markets, the yield on the Spanish 10-year bond was 3.399% towards mid-session, above the 3.369% registered at the end of Tuesday. Thus, the risk premium remained unchanged at 94.6 basis points.

On its side, the euro appreciated 0.09% against the dollar, reaching 1.0803 'green bills' for each unit of the community currency.