The Ibex moves further away from 9,500 in the mid-session, falling 0.61%

MADRID, 25 Sep.

The Ibex moves further away from 9,500 in the mid-session, falling 0.61%


The Ibex 35 has moved even further away from 9,500 points in the mid-session, trading at 9,443.90 points around 12:00 p.m., which represents a decrease of 0.61%, compared to the fall of 0.37% that he had observed in the first stages of the session.

Investors learned this Monday that Spanish industrial inflation fell 10% in August compared to the same month in 2022, which represents the steepest decline since the beginning of the historical series, in 1976.

Looking at Europe, it has also been learned that the confidence of German businessmen has registered its fifth consecutive monthly decline in September, as reflected by the index prepared by the Munich Economic Research Institute (Ifo), which has stood at 85.7. points from 85.8 last month, its worst reading since August 2022.

Investors will be watching the rest of the week for inflation data from Germany and Spain, as well as GDP data for the United States, which will be published on Thursday. On Friday, attention will be focused on the evolution of the United Kingdom's GDP, inflation in the eurozone and unemployment in Germany.

In this context, only six companies of the entire selective experienced positive evolution: Fluidra (0.79%), Repsol (0.74%), Indra (0.43%), Unicaja (0.40%), Banco Sabadell ( 0.05%) and Inditex (0.03%).

On the other hand, ArcelorMittal was the stock that performed the worst in the mid-session (-2.38%), ahead of Acerinox (-2.02%), Sacyr (-1.95%), Acciona Energías Renovables (- 1.80%), Cellnex (-1.78%) and Acciona (-1.72%).

The negative evolution was common in the rest of the large European markets, with London falling by 0.50%; Paris, 0.55%; Frankfurt, 0.64%; and Milan, 0.56%.

In the raw materials market, a barrel of Brent stood at $93.72, up 0.46%, while West Texas Intermediate (WTI) rose 0.37%, to $90.36.

For its part, the Spanish bond with a maturity of 10 years registered a yield of 3.876% in the secondary debt markets, above the 3.819% registered on Friday. In this way, the differential with respect to German debt contracted one point, to 107 basis points.

In the foreign exchange market, the euro depreciated 0.14% against the dollar, until trading at an exchange rate of 1.0638 'greenbacks' for each euro.