MADRID, 13 Sep. (EUROPA PRESS) -
The Ibex 35 fell 0.33% this Wednesday, reaching 9,424.1 points, in a session marked by the results of Inditex and inflation data from the United States in August, waiting for the meeting to take place tomorrow monetary policy of the European Central Bank (ECB).
The Spanish stock started down and at midday it lost more than 1%, which put the level of 9,300 integers in danger, affected by the declines in Inditex, the most important stock on the selective. However, it changed direction and strongly reduced the setbacks until the close of the session after the US CPI data for August was released, on which the Federal Reserve (Fed) will pivot in its meeting scheduled for next week.
The year-on-year inflation rate in the United States accelerated its rise to 3.7% in August from 3.2% the previous month, representing a new rebound for the second consecutive month, although the underlying inflation rate, which excludes The impact of the volatility of food and energy prices reached 4.3%, four tenths less than in July.
Experts at Federated Hermes have pointed out that the inflationary data is likely to justify a new pause by the Fed in September, although it does not clarify its actions "much more", so they expect contradictory statements from the central bank for the fall and a consensus that is difficult to reach and that could lead to a controversial meeting in November.
For their part, Wall Street indices reacted this afternoon with slight increases after the publication of these data.
This day it was also known that the United Kingdom economy fell 0.5% in July compared to the previous month, weighed down by its three main economic sectors, especially services, a figure that contrasts with the 0.5% growth recorded. by Europe's second largest economy last June.
While waiting to hear the ECB's monetary policy decision tomorrow, a report from Banca March pointed out this Tuesday that the probabilities of the institution raising rates by a quarter of a point reach 70%, well above the 40% it was betting on. for that a week ago. If this increase were to occur, interest rates in the eurozone would rise to 4.5%,
Within the Ibex 35, Inditex has fallen 0.47% - it has fallen as much as 4% during the session - after having published record semi-annual results, above analysts' forecasts.
Specifically, the firm founded by Amancio Ortega registered a net profit of 2,513 million euros during the first half of its 2023-2024 fiscal year (between February 1 and July 31), which represents an increase of 40, 1% compared to the same period a year before, while sales grew by 13.5% and reached 16,851 million euros.
On the side of the Ibex falls, Aena (-3.21%), IAG (-2.47%), ArcelorMittal (-2.08%), Grifols (-1.52%), Fluidra (-1 .48%) Bankinter (-1.48%) and Caixabank (-1.45%).
On the other hand, Solaria Energía (5.23%), Mélia Hotels (1.22%), Indra (1.02%) and Colonial (0.82%) have led the advances.
The rest of the European cities have recorded losses similar to those of Madrid: London has subtracted 0.02%; Milan 0.36%; Frankfurt 0.39% and Paris 0.42%.
For its part, at closing time in the Old Continent, the barrel of Brent was trading at 92.12 dollars, 0.07% higher, while West Texas Intermediate experienced an increase of 0.05%, up to $88.9.
In the debt market, the yield on the Spanish bond with a 10-year maturity rose to 3.717% after adding two basis points. In this way, the risk premium (the differential with the German bond) stood at 107 basis points.
In the foreign exchange market, awaiting the ECB's decision, the euro depreciated 0.16% against the dollar, reaching an exchange rate of 1.0737 dollars for each euro.