The Ibex holds above 9,200 points in a half session without changes

MADRID, 16 Oct.

The Ibex holds above 9,200 points in a half session without changes


The Ibex 35 was trading at 9,238.1 points towards the mid-session, which represents an increase of 0.06% compared to Friday's close, in a key week due to the start of the business results season in Spain, which will begin this Thursday with the publication of Bankinter's third quarter accounts.

The dynamism of the Spanish selective has thus relaxed compared to the opening, when it was trading with an increase of 0.17% and close to the level of 9,250 integers.

At the macro level, the acting Government has raised its growth forecast for this year for the Gross Domestic Product (GDP) to 2.4%, three tenths above the previous projection, while it has cut four tenths of its estimate for the advancement of the economy in 2024, up to 2%, according to the 2024 Budget Plan sent to the European Commission.

Investors will remain attentive the rest of the week to several economic references: the ZEW index of investment confidence in Germany and unemployment in the United Kingdom on Tuesday and GDP, industrial production, unemployment and retail sales in China on Wednesday, in addition of inflation in the eurozone and the United Kingdom.

In this context, Bankinter was the value that rose the most on the Stock Market towards the middle of the session (1.28%), ahead of Banco Santander (1.11%), ArcelorMittal (1.04%), Merlin (1.01% ), Unicaja Banco (0.99%), Cellnex (0.91%).

On the opposite side, Rovi fell 5.45%, ahead of Grifols (-1.49%), Iberdrola (-1.28%), Solaria (-1.02%), Sacyr (-0.82%) and Fluidra (-0.80%).

Regarding the rest of the large European cities, London advanced by 0.35%, while Paris fell by 0.14%; Frankfurt, 0.17%; and Milan, 0.01%.

The barrel of Brent remained above 90 dollars (giving 0.19%, to 90.72 dollars) due to the conflict between Israel and Hamas, while West Texas Intermediate fell 0.02%, to $87.69.

In the debt markets, the yield on the Spanish bond with a 10-year maturity stood at 3.92%, above the 3.88% at which it closed on Friday. In this way, the risk premium against German debt stood at 114 basis points, three tenths less.

For its part, the euro appreciated 0.23% against the dollar, until it was trading at an exchange rate in the markets of 1.0534 'greenbacks' for each unit of the community currency.