The Ibex 35 rises 0.4% at midday and aims for 10,000 points with Wall Street at half throttle

MADRID, 24 Nov. (EUROPA PRESS) -

The Ibex 35 registered a rise of 0.4% at midday this Friday and remained firm on its way to the symbolic level of 10,000 points - a level it last reached just before the outbreak of the pandemic at the beginning of 2020 -, on a day in which the Wall Street reference returns (it closed yesterday for a holiday), although it will only do so for half a session.

Thus, the main indicator of the Spanish market stood, specifically, at 9,945.3 points and during the week it provisionally accumulated a revaluation of close to 2%.

The Spanish selective has started this Friday's session with a firm upward trend while digesting macroeconomic data from Germany, such as the gross domestic product (GDP), which registered a contraction of 0.1% between July and September, which leaves Europe's largest economy on the verge of technical recession.

Likewise, it has also been known in the German country that business confidence has registered its third consecutive monthly rise in November, as reflected by the IFO index, which has stood at 87.3 points from 86.9 the previous month. reaching its best reading since last July.

On the other hand, in the early hours of the morning it was learned that the reference inflation rate in Japan, the one that excludes the impact of the price of fresh food, stood at 2.9% year-on-year in October, one tenth above the of September.

For its part, in Spain it has been published that industrial prices decreased by 7.8% in October compared to the same month in 2022, moderating by seven tenths the decrease registered in September, as reported this Friday by the National Institute of Statistics ( INE).

The markets will in turn be awaiting the appearances of the president and vice-president of the European Central Bank (ECB), Christine Lagarde and Luis de Guindos, respectively, and the battery of economic activity data (PMI) from the United States. Joined.

Thus, in the middle section of the negotiation, the biggest increases within the Ibex 35 were for Bankinter (1.14%), Rovi (1.12%), Rovi (1.1%), Grifols (0.97%). , Enagás (0.95%), Iberdrola (0.8%) and Repsol (0.75%). In contrast, only six stocks were trading with losses, with Merlín Properties leading (-2%), followed by Acciona (-1.4%) and Cellnex (-0.83%).

The majority of European stock markets opted for advances at midday: Frankfurt added 0.15%, Paris 0.2% and Milan 0.3%; while London fell 0.14%.

At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.3%, to 81.68 dollars, while Texas stood at 76.7 dollars, 0. 52% less.

In the currency market, the price of the euro rose by one tenth against the dollar, up to 1.0915 'greenbacks', while the interest rate of the long-term Spanish bond stood at 3.627 after adding one point. basic, with the risk premium (the differential with the German bond) at 98.7 points.