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The Ibex 35 exceeds 10,700 points and reaches its highest levels since August 2017

MADRID, 19 Mar.

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The Ibex 35 exceeds 10,700 points and reaches its highest levels since August 2017


The Ibex 35 closed this Tuesday's session with a rise of 0.99%, which means that the index ended the session at 10,701.4 points, a level that had not been seen since August 2017.

This Tuesday it was known that the confidence of German investors has improved again in March, according to the indicator of the Leibniz Center for European Economic Research (ZEW, for its acronym in German), which has stood at 31.7 points from 19 .9 from the previous month, its best reading since January 2022.

Investors' attention is also focused on what decisions the United States Federal Reserve (Fed) will take tomorrow, after today the Bank of Japan decided to undertake the first increase in interest rates since 2007.

In the Spanish business field, Indra's board of directors approved this Monday - with the market already closed - the segregation of its space business unit to later integrate its activities into a newly created limited liability company called Indra Space and that it will be "fully owned" by the former.

In this context, Grifols has led the selection, with an increase of 3.42%. Cellnex (2.46%), Banco Sabadell (2.37%), CaixaBank (2.21%), IAG (2.13%), Bankinter (2.09%) and Naturgy (1, 93%).

Of the 35 securities on the selective, only seven closed on Tuesday in negative territory: Acciona (-2.13%), Solaria (-1.85%), ACS (-1.10%), Acciona Energía (-0.65% ), Endesa (-0.31%), Redeia (-0.03%) and Acerinox (-0.02%).

The bullish streak has been common in Europe. London has advanced 0.20%; Paris, 0.65%; Frankfurt, 0.31%; and Milan, 0.95%.

At the close of the European trading session, Brent advanced 0.81%, to $87.6, while West Texas Intermediate (WTI) reached $83.74, up 1.23%.

The yield on the Spanish bond maturing in 10 years stood at 3.250% at the close of the session, up from 3.244% on Monday. In this way, the risk premium against German debt rose 1.5 points, to 80 basis points.

In the currency market, the euro remained almost stable against the dollar, trading at 1.0865 'greenbacks' for each unit of the community currency.