The Ibex 35 yields 0.16% at the opening and maintains the whole 9,400, pending Powell

MADRID, 21 Jun.

The Ibex 35 yields 0.16% at the opening and maintains the whole 9,400, pending Powell

MADRID, 21 Jun. (EUROPA PRESS) -

The Ibex 35 has started the session this Wednesday with a decline of 0.16%, with which the Madrid selective has stood at 9,425.14 points, in a day in which the markets will be pending the intervention of the president of the United States Federal Reserve (Fed), Jerome Powell, before the Financial Services Committee of the House of Representatives of Congress.

The Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) made the decision last week to unanimously keep interest rates in the target range of between 5% and 5.25% after the ten increases undertaken since March 2022.

Investors will also be attentive today to the statements by the German representative on the board of the European Central Bank (ECB), Isabel Schnabel, who already defended on Monday the need to continue raising interest rates until there is convincing evidence that the rate Headline inflation returns to the 2% target in a sustained and timely manner.

After closing yesterday with an increase of 0.08%, up to 9,439.8 points, the Madrid parquet had breakfast with the publication of inflation in the United Kingdom, whose interannual rate stood at 8.7% last May , in line with the rise in prices registered in April, although the underlying CPI accelerated to 7.1%, three tenths more than in April and its highest level since March 1992.

In the early stages of this Wednesday's session, the biggest increases within the Ibex 35 were recorded by CaixaBank (0.68%), Repsol (0.35%), Grifols (0.26%), Acerinox (0.25 %) and Banco Sabadell (0.25%), while on the opposite side, with the greatest falls, were Merlin Properties (-1.22%), Meliá (-1.11%), Iberdrola (-0, 98%), Red Eléctrica (-0.89%) and Naturgy, whose shares lost 0.78%.

The main European stock markets also opened the day with a negative sign: 0.48% for London, 0.14% for Paris, 0.08% for Frankfurt and 0.03% for Milan.

In the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 76.02 dollars, with a rise of 0.16%, while Texas was trading at 71 .33 dollars, with an increase of 0.2%.

In the foreign exchange market, the price of the euro against the dollar stood at 1.0911 'greenbacks', while the Spanish risk premium was around 92.6 points, with the interest required on the ten-year Spanish bond in 3.378%.

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