MADRID, 19 Sep. (EUROPA PRESS) -
The Ibex 35 bounced 0.48% this Tuesday and has recovered the level of the 9,500 points that it lost yesterday, reaching specifically 9,527.2 points, after Eurostat revised the eurozone CPI down one tenth in August , up to 5.2%, while investors' attention shifts to the monetary policy meeting of the Federal Reserve (USA), whose decision will be known tomorrow and from which the majority of the market expects a pause in the increases in interest rates - they would remain at 5.25%-5.5% -.
Ebury experts point out in a report that it is "almost certain" that the Fed will keep interest rates unchanged, although they believe that "it will leave its options open to raise them again in November or December."
In the remainder of the week, the interest rate decisions of the central banks of the United Kingdom, Switzerland and Japan will also be known.
Specifically, after the rate increase decided by the European Central Bank (ECB) last Thursday - raising them to 4.5% -, the turn of the Bank of England and the Swiss National Bank will be on Thursday, while the Bank of Japan will meet on Friday.
Eurostat, which has reduced eurozone inflation by one tenth in August, to 5.2% - which represents a drop of 0.1% compared to the July figure - has confirmed without changes, the inflation rate core at 5.3% - which is why it fell two tenths compared to the July rate.
For its part, the Bank of Spain has maintained this Tuesday its growth forecast for the Spanish economy for 2023 at 2.3%, but has cut its estimates for 2024 from 2.2% to 1.8% and has lowered the 2025 projections of 2.1% to 2%, due to the increase in energy prices, the deterioration of the external context and the greater tension in financial conditions.
At the close of the session, the increases in the Ibex have been led by BBVA (2.21%); Bankinter (2.03%); ACS (1.87%); Solaria Energía (1.77%); Colonial (1.75%) and Unicaja (1.41%).
On the other hand, the losses have been led by Fluidra (-3.06%) and Inditex (-1.07%).
The majority of European markets, with a less defined trend than Madrid, have managed to recover and escape the setbacks in the last part of the negotiation: Paris has added 0.08%; London 0.09% and Milan 0.6%. The exception was Frankfurt, with a drop of 0.4%.
For its part, a barrel of Brent was trading at $95.15, 0.76% higher, while West Texas Intermediate (WTI) advanced 1.04%, to $92.43.
In the debt market, the yield on the Spanish bond with a 10-year maturity stood at 3.794%, after adding two basis points. In this way, the risk premium against German debt was 106 basis points.
In the foreign exchange market, the euro fell 0.1% against the dollar, trading at an exchange rate of 1.0681 dollars for each euro.