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The Ibex 35 remains stable in the mid-session, although it loses 10,700

MADRID, 20 Mar.

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The Ibex 35 remains stable in the mid-session, although it loses 10,700


The Ibex 35 registered a drop of just 0.05% in the mid-session this Wednesday, so the index was trading at 10,695.8 points, with all the attention of investors already focused on the monetary policy decisions that adopted by the United States Federal Reserve (Fed) after the closure of the European market.

This Wednesday, the president of the European Central Bank (ECB), Christine Lagarde, pointed out that, despite significant progress in the three criteria of the framework managed by the institution (inflation prospects, underlying inflation and transmission of monetary policy) , the ECB is still "not sufficiently confident" that the eurozone is on a sustainable path towards the inflation target.

The Frenchwoman recalled that in June the ECB will have new macroeconomic projections that will confirm whether the inflation path forecast in March is still valid.

In international markets, the price of the yen against the main currencies continued to weaken this Wednesday, particularly against the euro, whose crossing marked its lowest levels since 2008, despite the fact that the Bank of Japan announced yesterday the first increase in interest rates in 17 years.

In this context, in the mid-session Redeia led the increases in the Spanish stock market (1.65%). They were followed by Grifols (0.93%), IAG (0.88%), Colonial (0.78%), Mapfre (0.77%), CaixaBank (0.75%), ACS (0.71%) and Merlin (0.49%).

On the opposite side, they were above some banks and energy companies, with falls led by Solaria (-1.76%), Acciona Energía (-1.75%), Banco Sabadell (-1.72%), Unicaja (-1.04 %), Amadeus (-0.84%), Banco Santander (-0.76%) and Naturgy (-0.65%).

The evolution was negative in the rest of the European stock markets except Frankfurt, which advanced 0.17%. For its part, London fell 0.22%; Paris, 0.55%; and Milan, 0.01%.

The barrel of Brent was trading towards the average European session at $86.46, 1.06% less, while West Texas Intermediate (WTI) reached $82.35, 1.34% less.

In the debt market, the yield on the Spanish bond with a maturity of 10 years stood at 3.221%, from 3.250% on Tuesday. In this way, the risk premium against German debt increased by three tenths in the middle trading section, up to 80.3 basis points.

Regarding currencies, the euro depreciated 0.22% against the dollar, until trading at an exchange rate of 1.0842 'greenbacks' for each unit of the community currency.