The Ibex falls 0.25% but continues to hold above 9,500 awaiting the Fed and the ECB

MADRID, 25 Jul. (EUROPA PRESS) -

The Ibex 35 closed the session this Tuesday at 9,519.2 points (-0.25%) on the second day after the general elections on Sunday and with investors still awaiting the monetary policy decisions adopted this week by the United States Federal Reserve (Fed) and the European Central Bank (ECB).

In addition to the numerous results of companies that have continued to be known this Tuesday, the update of the macroeconomic projections of the International Monetary Fund (IMF) has had a highlight during the day.

Specifically, the Washington-based organization has indicated that the expansion of the Spanish economy this year will occur at a substantially higher rate than initially expected, for which reason it has once again revised upwards its growth forecast for Spain in 2023, up to 2.5%, while maintaining the forecast for 2024 at 2%.

In this way, Spain is at the head of the expected growth in 2023 among the main advanced economies in the new projections published this Tuesday by the international institution, after the IMF has applied to the country the largest upward revision for the expansion forecast this year.

In this context, ArcelorMittal has been the most outstanding stock this session, rising 2.44%. It was followed by Banco Sabadell (2.11%), Logista (1.38%), Bankinter (1.24%), Rovi (1.01%) and CaixaBank (1%).

On the other hand, IAG has positioned itself as the Ibex company with the worst performance this Tuesday (-1.78%), ahead of Inditex (-1.42%), Repsol (-1.37%), Enagás (-1.01%) and Cellnex (-0.84%).

Compared to the rest of the main European stock markets, Frankfurt climbed 0.13%; Milan, 0.20%, and London, 0.17%; while Paris left 0.16%.

In the raw materials market, a barrel of Brent experienced a rise of 1.03% at the close of the European trading session, to $83.59, while the West Texas Intermediate (WTI) stood at $79.79, 1.33% more.

In the debt market, the yield of the Spanish bond with a maturity of 10 years has been located at 3.449%, from the 3.438% observed at the close of Monday. Thus, the risk premium against German bonds has risen 1.1 points, to 102.4 basis points.

On its side, the euro registered a daily depreciation of 0.13% against the dollar at the close of the European stock market session, until it was quoted at 1.1050 'green bills' for each euro.