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The Ibex 35 gains momentum from 9,300 and fights to end the streak of falls

Date: October 18, 2024 Time: 12:27:25

The Ibex 35 is fighting to recover from 9,300 points after the corrective action of recent days. The Spanish stock market reference starts with a rebound of 0.26%, which can help it reduce part of the weekly fall. Green prevails in the squares of the Old Continent, with Paris and Milan rising 0.26%, Frankfurt rising 0.13% and London advancing 0.16%. The stock markets suffer from the doubts of investors, who are already preparing for the monetary policy meetings of the European Central Bank (ECB) and the Federal Reserve (Fed), in which they will offer their economic perspectives.

In this sense, analysts warn that markets may suffer tensions. This Friday the General Industrial Production Index (IPI) in Spain was released, which fell by 1.8% year-on-year last July, three tenths lower than that of June and its biggest decline since April, when it plummeted by 4 .2%. Thus chaining two negative months. At the international level, inflation in Germany stood at 6.1% in August, one tenth less than in July and its lowest increase since last May.

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At the opening of the stock market, the price of a barrel of Brent oil, a reference for the Old Continent, dawned with a drop of 0.22%, to 89.72 dollars, while that of Texas stood at 86.50 dollars. 0.43% less. In the foreign exchange market, the price of the euro against the dollar drops to 1.0714 ‘greenbacks’, so much so that in the debt market the interest required on the ten-year Spanish bond climbs to 3.604%.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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