The Ibex turns around in the mid-session and recovers 10,100 points, pending Sabadell

MADRID, 1 Feb.

The Ibex turns around in the mid-session and recovers 10,100 points, pending Sabadell


The Ibex 35 was trading at 10,109.1 points towards the mid-session, which represents an increase of 0.31% compared to Wednesday, compared to the 0.44% drop it had registered at the opening of the market, on a day marked by the Fed's monetary policy decision on Wednesday and the publication of Banco Sabadell results.

Yesterday, after the European markets closed, the United States Federal Reserve decided to maintain interest rates in a target range of between 5.25% and 5.50% for the fourth consecutive meeting. The president of the central bank, Jerome Powell, announced that the price of money is already at its peak in this monetary cycle, so in 2024 rates will end up lowering.

In the business field, Sabadell reported this Thursday that it obtained a record net profit of 1,332 million euros in 2023, which is equivalent to an increase of 55% compared to the previous year. The entity has also announced a share repurchase plan of 340 million euros and the payment of a complementary dividend of 0.03 euros per share.

The resignation of Indra's financial director and the entry into the capital of Opdenergy by GCE BidCo have also been announced.

In the macroeconomic field, Eurostat reported this Thursday that the inflation rate in the euro zone stood at 2.8% year-on-year in January, one tenth below the 2.9% rise in prices at the close of 2023.

Likewise, this Thursday the Public Treasury has placed 6,569.6 million euros, in the middle band of its objectives, in a bond issue with which it has begun the auctions for the month of February, lowering the interest offered to investors in the reference to 10 years and raising that of obligations linked to inflation.

In this context, Banco Santander led the index in the mid-session, rising 2.78%. They were followed by Sacyr (1.24%), BBVA (1.13%), Amadeus (0.98%), Meliá (0.95%), Repsol (0.80%) and Unicaja (0.73%).

On the opposite side were Banco Sabadell (-3.28%), Colonial (-2.06%), Grifols (-1.76%), Acciona Energía (-1.58%), Solaria (-0.99% ) and Acciona (-0.96%).

In the rest of the main European stock markets, only London was trading in 'green' in the mid-session (0.50%). Paris fell 0.74%; Frankfurt, 0.19%; and Milan, 0.39%.

The barrel of Brent registered a rise of 0.73% in the mid-session, up to $81.12, while West Texas Intermediate (WTI) reached $76.42, up 0.75%.

In the debt market, the yield on the Spanish bond with a 10-year maturity rose to 3.136%, from 3.090% at Wednesday's close. In this way, the risk premium against German debt rose seven tenths, to 93.1 basis points.

In the foreign exchange market, the euro depreciated 0.20% against the dollar, until trading at an exchange rate of 1.0796 'greenbacks' for each unit of the community currency.