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The Ibex 35 reaches its maximum since January 2018 at 10,560 integers, thanks to Inditex

MADRID, 13 Mar.

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The Ibex 35 reaches its maximum since January 2018 at 10,560 integers, thanks to Inditex

MADRID, 13 Mar. (EUROPA PRESS) -

The Ibex 35 has revalued by 1.65% this Wednesday, which has led it to close at 10,560.5 points, thus reaching its highest level since the end of January 2018.

The rise in the Spanish stock market occurs in the wake of Inditex, which presented results this Wednesday. The textile firm registered a record net profit of 5,381 million euros in its 2023-2024 fiscal year (from February 1, 2023 to January 31, 2024), the second of Marta Ortega as president of the company. which represents an increase of 30.3% compared to the previous year.

Today, investors have continued digesting yesterday's inflation data in the United States, which was 3.2% in February, one tenth above the January data, and the implications it could have for monetary policy. In monthly rate, the general variable of the index advanced four tenths from three tenths in January.

In the United Kingdom, it has been known that the gross domestic product (GDP) grew again in the month of January, when it expanded by 0.2% compared to the previous month, after the monthly contraction of 0.1% registered in December 2023. .

In this context, Inditex has seen a rise of 7.74%, reaching 44.2 euros per share, reaching historical highs. Behind them were Repsol (2.42%), Rovi (2.35%), ACS (2.28%), Sacyr (2.21%) and Endesa (2.10%). On the opposite side, the biggest falls have been those of Grifols (-2.48%), Solaria (-1.67%), Cellnex (-1.03%), Acciona Energía (-0.88%) and Naturgy (-0.81%).

The rest of the main European stock markets have also closed in 'green', with revaluations of 0.62% in Paris, 0.39% in Milan and 0.31% in London. Only Frankfurt closed with a slight drop of 0.02%.

In the raw materials market, a barrel of Brent climbed 2.20%, to $83.70, while West Texas Intermediate (WTI) stood at $79.39, up 2.35%.

The yield on the Spanish bond maturing in 10 years rose to 3.149%, from 3.141% the previous day. In this way, the risk premium against German debt stood at 80.6 basis points.

In the foreign exchange market, the euro appreciated 0.18% against the dollar, until trading at 1.0947 'greenbacks' for each unit of the community currency.

Keywords:
IBEX 35