The Ibex maintains its dynamism at mid-session, with investors awaiting rates this week

MADRID, 12 Jun.

The Ibex maintains its dynamism at mid-session, with investors awaiting rates this week

MADRID, 12 Jun. (EUROPA PRESS) -

The Ibex 35 maintained its positive dynamism in the mid-session, standing at 9,344.90 points towards 12:00, which represents an increase of 0.38% compared to Friday, somewhat softer compared to the rise of 0.46% that registered at the opening.

Investors have shown themselves to be waiting for the decisions that the United States Federal Reserve (Fed) and the European Central Bank (ECB) will adopt this week 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%.

At the business level, Sacyr has sold its subsidiary Valoriza to Morgan Stanley for 734 million, while Iberdrola has signed a binding agreement to sell 55% of its business in Mexico for 6,000 million dollars (5,580 million euros).

Likewise, the Antin fund has submitted a takeover bid (OPA) for all Opdenergy shares for 866 million, representing a 46% premium. Outside of Spain, UBS has completed the acquisition of Credit Suisse.

Investors have also had a macroeconomic reference this Monday, with the National Institute of Statistics (INE) reporting that the sale of homes registered a decrease of 8.1% in April compared to the same month of 2022.

In this context, Solaria was the Ibex value that advanced the most towards the mid-session (5.81%), ahead of Fluidra (2.23%), Meliá (1.74%), Amadeus (1.59%) , Sacyr (1.47%) and Inditex (1.29%).

Apart from the selective, the increases of Opdenergy (41.50%), Berkeley Energia (9.43%), Grenergy (6.62%) and Ecoener (5.96%) stand out, due to the offer on the first, which shows the interest in the renewable energy sector.

On the opposite side, Repsol led the decreases towards the mid-session (-1.07%), followed by Endesa (-0.81%), ArcelorMittal (-0.51%), Grifols (-0.48%), CaixaBank (-0.44%) and Acerinox (-0.42%).

In the rest of the European markets, the German DAX advanced 0.72%, while the French CAC 40 rose 0.70% and the Italian FTSE MIB appreciated 0.74%, while the British FTSE 100 experienced an increase of 0.06%.

The barrel of Brent observed a decrease of 2.27% in the half session, to 73.09 dollars, while the West Texas Intermediate (WTI) stood at 68.37 dollars, 2.57% less.

In the debt market, the yield on the Spanish bond with a maturity of 10 years stood at 3.333% at mid-session, from 3.361% on Friday. In this way, in comparison with the German bond, the risk premium was reduced by 1.5 points, to 96.9 basis points.

In the foreign exchange market, the euro appreciated 0.31% against the dollar, reaching 1.0783 dollars for each unit of the community currency.

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