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The Ibex exceeds 9,600 points, highest in six weeks, after the ECB and before the 'quadruple witching hour'

MADRID, 15 Sep.

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The Ibex exceeds 9,600 points, highest in six weeks, after the ECB and before the 'quadruple witching hour'


The Ibex 35 exceeded 9,611 points towards the middle of the session (0.66%), which represents the highest level of the selective since August 1, in the middle of a day of volatility in which the 'quadruple witching hour' takes place. and in which investors are still digesting what the European Central Bank (ECB) will do in the future.

The ECB decided on Thursday to raise interest rates to 4.5%. This increase, the tenth in a row, does not mark the end of the consolidation path. The president of the institution, Christine Lagarde, left the door open to further increases, refusing to confirm whether the price of money has already reached its maximum peak.

After the monetary policy decision of the ECB, the selective of the Spanish stock markets and markets accumulates a revaluation of almost 200 points in just two days.

This Friday's price may also be affected by the classic volatility that affects the markets due to the third 'quadruple witching hour' of the year. Thus, options and futures contracts on indices and stocks expire this Friday in Europe and the United States.

On the other hand, this Friday China published a battery of economic data that gives clues about the progress of its economy. On the one hand, the country's industrial production rose 4.5% in August, eight tenths more than in July, while retail sales rose by more than two points, up to 4.6% in the eighth month of the year. anus. For its part, the unemployment rate in August fell by one tenth, to 5.2%.

Continuing with the macro agenda, this Friday it was announced that inflation in France rose six tenths, to 4.9% in August, while that of Italy contracted by five tenths, to 5.4% in the same month. .

In this context, Amadeus was the value that rose the most in the mid-session (1.79%), ahead of ArcelorMittal (1.63%), IAG (1.23%), Banco Santander (1.11%), Rovi (1.10%), ACS (1.09%) and Telefónica (0.94%).

On the opposite side, Colonial led the declines with a fall of 0.70%, while Acciona fell 0.69%; Solaria, 0.61%; Bankinter, 0.50%, and Merlin, 0.42%.

The increases towards the middle of the session were common to the rest of the main European stock indices. London advanced 0.65%; Paris, 1.46%; Frankfurt, 0.99%; and Milan, 0.72%.

In the raw materials market, a barrel of Brent stood at $93.98, up 0.29%, while West Texas Intermediate (WTI) advanced 0.35%, to $90.48.

In the debt market, the yield on the Spanish bond maturing in 10 years rose to 3.711%, from 3.641% recorded at the close of Thursday. In this way, compared to German debt, the risk premium has risen by 1.2 points, to 106 basis points.

In the foreign exchange market, the euro registered an appreciation of 0.22% against the dollar in the mid-session, until it was trading in the markets with an exchange rate of 1.0666 dollars for each euro.