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The Ibex is trading flat in the mid-session, halfway to recovering 11,000 points after seven years

MADRID, 25 Mar.

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The Ibex is trading flat in the mid-session, halfway to recovering 11,000 points after seven years

MADRID, 25 Mar. (EUROPA PRESS) -

The Ibex 35 was trading unchanged in the mid-session this Monday, with investors' attention focused on recovering the level of 11,000 integers, levels that had not been seen on the Spanish stock market since June 2017.

Specifically, around 12:00 p.m., the Ibex 35 was trading at 10,943.6 points, just four tenths above Friday's close. The selective thus recovered the slight drop that it had registered in the first minutes of trading.

Bankinter analysts indicated this Monday that the Spanish index could maintain the upward pace this year and reach 12,000 points, levels not seen for 14 years.

On the other hand, this Monday it was also known that industrial prices decreased by 8.2% last February compared to the same month in 2023, expanding by 4.3 points the decrease recorded last January, due, mainly, to the cheaper electricity.

This week the Consumer Price Index (CPI) will be published in Spain and the personal consumption expenditure price index (PCE) in the United States, a metric that serves as a reference for the United States Federal Reserve (Fed).

In the business field, investors will continue to pay attention to Grifols, after the new attack by the bears and the conclusion of the National Securities Market Commission (CNMV) on its accounts, which detected "relevant deficiencies" in them, but has not considered necessary to reformulate it.

In this way, in the middle section of the negotiation, Mapfre ( 4.06%), CaixaBank ( 1.16%), Indra ( 0.92%), Banco Santander ( 0.87%), Naturgy ( 0 .86%), Enagás (0.78%), Bankinter (0.54%) and Colonial (0.47%).

On the opposite side were Solaria (-2.29%), IAG (-1.12%), Inditex (-0.95%), Cellnex (-0.90%), Acciona (-0.76%), Amadeus (-0.71%) and Acciona Energía (-0.70%).

The evolution on most other European stock markets was negative in the mid-session. London fell 0.36%; Paris, 0.39%; Frankfurt, 0.04%; and Milan rose 0.31%.

A barrel of Brent was trading in the average European session at $85.84, up 0.48%, while West Texas Intermediate (WTI) reached $81.06, up 0.52%.

For its part, the yield on the Spanish bond with a 10-year maturity reached 3.186%, from 3.159% on Friday. In this way, the risk premium against German debt increased three tenths, to 83.9 basis points.

In the currency market, the euro appreciated 0.13% against the dollar, up to 1.0822 'greenbacks' for each unit of the community currency.

Keywords:
IBEX 35