The Ibex looks at 10,100 in the mid-session after better than expected inflation data in Spain

MADRID, 29 Nov. (EUROPA PRESS) -

The Ibex 35 maintained an upward path in the first section of this Wednesday's session and is already looking at 10,100 points after Spain's inflation data was released this morning, being better than the consensus expected.

Specifically, the selective rose 0.61% towards 12:00 p.m. compared to Tuesday's close, standing at 10,064.30 points.

The INE published this Wednesday that the CPI fell 0.4% in November compared to the previous month and cut its interannual rate by three tenths, to 3.2%, due to the cheaper fuel and tourist packages and an increase of food prices less pronounced than that experienced a year earlier.

Core inflation (without unprocessed food or energy products) in November fell seven tenths, to 4.5%, a rate 1.3 points higher than the general CPI and the lowest since April 2022, when it stood at 4.4%.

Outside Europe, investors are awaiting the review of the gross domestic product (GDP) of the United States for the third quarter of the year. The Fed Beige Book will also be published later this afternoon.

In this context, Ferrovial led the 'green' stocks, with an increase of 2.55%, after having reported that it was selling its 25% stake in TopCo, the holding company that manages London's Heathrow airport for 2.7 billion of euros. In this way, the price reached historical highs.

Behind Ferrovial were Acciona Energía (1.99%), Colonial (1.68%), ArcelorMittal (1.57%), Cellnex (1.51%), Solaria (1.42%) and Fluidra ( 1.25%).

On the opposite side were Grifols (-1.05%), Mapfre (-0.98%), Rovi (-0.81%), Naturgy (-0.51%) and Bankinter (-0.43%).

Regarding the rest of the European stock markets, only London fell in the mid-session (-0.10%), while the rest were also trading higher. Paris advanced 0.55%; Frankfurt, 0.98%; and Milan, 0.80%.

In the raw materials market, a barrel of Brent stood at $82.67 in the average European trading session, 1.21% higher, while West Texas Intermediate (WTI) rose 1.37%, to 77.46 dollars.

The yield on the Spanish bond maturing in 10 years stood at 3.438% in the mid-session, compared to the 3.500% at which it closed on Tuesday. Thus, the risk premium against German debt stood at 99.3 basis points, one point less.

In the foreign exchange market, the euro depreciated 0.16% against the dollar, until trading at an exchange rate of 1.0975 'greenbacks' for each euro.