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The Ibex 35 maintains the upward path above 9,500 points awaiting the CPI

Date: December 3, 2023 Time: 10:21:59

Today, Tuesday, the Ibex 35 begins the session with an increase of 0.5%, taking the index to 9,550 points. This follows the largest rise in the index since June 2, which has placed the Spanish benchmark at maximums since August 10 and increasingly close to annual maximums.

The greatest gains in the Ibex 35 are registered by Solaria (+6.35%), Colonial (+2.88%), Santander (+2%), Acciona (+1.76%) and Amadeus (+1.39% ). In terms of losses, Grifols (-1.04%), Fluidra (-0.64%), Indra (-0.54%) and Logista (-0.32%) stand out.

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Investors are watching various economic data such as retail sales in Spain, the GfK consumer climate index in Germany and consumer confidence in the US. In addition, preliminary data for the Consumer Price Index (CPI) for Spain and Germany are expected to be released tomorrow, as are inflation rates for France, Italy and the eurozone on Thursday.

After the positive close on Wall Street yesterday and the gains in Asian markets, with Hong Kong’s Hang Seng rising 2%, the main European stock markets also start Tuesday in positive territory. In particular, London, which was closed for a holiday the previous day, increased 1.1% at the opening, while Paris, Frankfurt and Milan registered increases of more than 0.3%.

In the oil market, the price of a barrel of Brent crude, used as a reference in Europe, decreased by 0.2% to 83.70 dollars, while the price of Texas crude stood at 79.92 dollars, a 0 ,2%less. In the currency market, the euro is cut against the dollar, trading at 1.0812 dollars. In the bond market, the interest on the 10-year Spanish bond is reduced to 3.552%.

* 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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