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The Ibex rises 0.52% in the mid-session and is close to 10,100 integers

MADRID, 21 Feb.

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The Ibex rises 0.52% in the mid-session and is close to 10,100 integers


The Ibex 35 was trading in the mid-session with a rise of 0.52%, which took it to 10,090.4 points, on a day in which investors will be awaiting the publication of the minutes of the last meeting of the United States Federal Reserve (Fed).

In this regard, Renta 4 analysts expect the Fed to reiterate its speech of keeping rates high for longer to give the market "greater conviction" about inflation control.

In fact, they indicate that market expectations about the Fed's rate path have moderated, since investors now expect four cuts, instead of the seven they anticipated at the beginning of 2024, and a delay in the timing of the cuts, being more likely from June.

A similar situation occurs with the European Central Bank (ECB). The market has also lowered its expectations, reducing the declines from between seven and six to four, which would begin in June, and not in spring.

Renta 4 experts also highlight the increases in Chinese indices after the government has applied new measures to stabilize the market, such as the approval of new loans for real estate developers or the obstacles to bearish funds.

On the other hand, before the market opened, Squirrel Media reported that it recorded a net result of 17.6 million euros in 2023, a figure that multiplies by almost four (279%) the profits it obtained in 2022, which were 4 .6 million euros. In the mid-session it rose around 4%.

Grifols was the 'red lantern' in the mid-session, with a drop of 0.91%. Ahead were Repsol (-0.81%), Indra (-0.69%), Meliá (-0.59%) and Redeia (-0.36%). On the opposite side, the biggest increases were those of Solaria (1.86%), BBVA (1.58%), Colonial (1.36%), Aena (1.26%) and Inditex (1%).

The main European stock markets were also trading with advances, which were 0.86% in Milan, 0.42% in Frankfurt and 0.31% in Paris. Only London fell 0.82%.

In the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.51%, to 81.92 euros, while that of Texas stood at 76.61 euros , 0.56% less.

In the foreign exchange market, the price of the euro against the dollar advanced to 1.0800 'greenbacks', while in the debt market the interest required on the 10-year Spanish bond climbed to 3.282% and the risk stood at 90.7 basis points.