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Thursday, September 28, 2023
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The Ibex 35 is encouraged with increases on the way to 9,400 points against Jackson Hole

Date: September 28, 2023 Time: 11:31:16

The Ibex 35, the reference of the Spanish stock market, has started the session this Thursday with a rise of 0.8%, which has allowed it to selectively climb to 9,376 points, in a day in which investors will be, above all , pending the Jackson Hole central bankers summit, which begins this Thursday.

Just a few minutes after the start of the session, the selective extended its gains to more than 0.9% and touched 9,400 integers, after yesterday’s positive close on Wall Street and the gains that the Asian stock markets are recording, with the Hang Seng . Hong Kong rising almost 2%.

The main European markets also woke up with notable advances this Thursday. Milan appreciated 0.9% at the opening, while Frankfurt and Paris rose just over 0.8%. London, for its part, rose 0.6%.

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The markets will keep an eye on this week’s big event today and tomorrow: the Jackson Hole symposium of central bankers, which will feature speeches by the chairman of the United States Federal Reserve (Fed), Jerome Powell, and the president of the European Central Bank (ECB), Christine Lagarde.

Despite the fact that the ‘leitmotiv’ chosen for this year’s edition of the Jackson Hole symposium, the 46th since its inception, is that of “structural changes in the global economy”, the markets will be awaiting any clue about the next rate decisions by US and eurozone central banks.

Practically all the values ​​of the Ibex 35 traded in positive. Only Logista recorded losses of 1.1%. At the other extreme, the largest increases in the selective were registered by Colonial (+2%), Inditex (+1.63%), Merlin (+1.55%), CaixaBank (+1.14%) and Unicaja Banco ( +1.09%).

At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.5%, to $82.77, while Texas stood at $78.39, a 0.6% less.

In the currency market, the price of the euro against the dollar fell to 1.0858 ‘green bills’, while in the debt market the interest required on the 10-year Spanish bond relaxed to 3.494%, almost 0.3 points below Tuesday.

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

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