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HomeLatest NewsThe Ibex 35 reconquers 9,200 and marks a new maximum while waiting...

The Ibex 35 reconquers 9,200 and marks a new maximum while waiting for Lagarde

Date: March 27, 2023 Time: 07:48:25

The Ibex 35 gains momentum and accelerates in the session this Thursday with a rise of more than 1.3%, which places it above 9,200 points on the day of the European Central Bank (ECB) and the Bank of England (BoE) . This Wednesday the Federal Reserve announced a 25 basis point rise in interest rates with the expectation that it will carry out two more increases, as assured by the president of the central bank, Jerome Powell.

“The monetary authorities are expected to increase their interest rates by 50 basis points, although the moment the two economies are going through is very different, with the Eurozone showing much more resilient than expected and, probably, being able to avoid the entry into recession, while that of the United Kingdom is very likely already in recession, ”they point out from Link Securities.

The European stock markets follow the trail of Wall Street, which celebrates with green numbers the lower speed of the Fed in the rate of rate hikes and remains with the message that the increase in inflation is slowing down. Thus, Frankfurt registers a rise of 1.5%, while in Paris and London it is 0.6%. Back in Spain, Fluidra leads the increases with an increase of 4.7%, followed by Grifols (+2.8%) and Solaria (+2.13%). Banco Santander, for its part, rises 5% after presenting results.

In other markets, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 82 dollars, with a rise of 0.1%, while Texas stood at 76 dollars, with a rise of 0.2 % Finally, the price of the euro against the dollar stood at 1,098 ‘greenbacks’, while the Spanish risk premium stood at 101 basis points, with interest on the ten-year bond at 3,267%.

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

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