The Ibex closes flat (0.09%) and consolidates at 9,300 points

MADRID, 11 Oct.

The Ibex closes flat (0.09%) and consolidates at 9,300 points

MADRID, 11 Oct. (EUROPA PRESS) -

The Ibex 35 closed practically flat, with a slight rise of 0.09%, consolidating at the level of 9,300 points that it achieved in yesterday's session.

Early on, it was learned that German inflation stood at 4.5% year-on-year in September, which implies a significant relief compared to the 6.1% rise in prices in August and the smaller increase since February 2022, when the Ukrainian war broke out, according to the second estimate published by the Federal Statistical Office (Destatis).

In addition, investors are awaiting the publication of the minutes of the Federal Reserve (Fed), which will be known after the closure in Europe, and the evolution of energy prices, after their rebound on Monday due to the new conflict between Israel and Palestine.

In this sense, a barrel of Brent today registered a drop of 2.02%, to $85.89, while West Texas Intermediate (WTI) lost 2.55%, to $83.77.

In the Spanish selective, which closed at 9,360.4 points, Inditex was the second biggest faller, with a decrease of 2.45% behind Cellnex (-2.71%), after the group LVMH has announced a slowdown in the pace of its sales during the third quarter.

On the increasing side, Acciona (3.08%), Ferrovial (2.85%), Acciona Energía (2.64%) and Solaria (2.23%) were placed.

In the rest of the main European stock markets, Milan has appreciated by 0.36% and Frankfurt, by 0.24%, while Paris has lost 0.44%, and London, by 0.11%.

In the debt markets, the yield on the Spanish bond with a 10-year maturity was trading at 3.804%, below the 3.880% recorded at the close of Tuesday. For its part, the risk premium fell six tenths, to 109.9 basis points.

In the foreign exchange market, the euro appreciated slightly against the dollar, until it was trading at an exchange rate in the markets of 1.0612 'greenbacks' for each euro.

NEXT NEWS