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The Ibex 35 turns around but holds the 9,000 points pending from the US

Date: December 10, 2023 Time: 06:20:07

The Ibex 35 faces Friday’s session with slight falls. The index has turned around minutes after the opening and is trading with a decline of 0.06%, although it will maintain the level of 9,000 points for which it has fought all week and which will lead it to record maximums in November 2021. The quote of the day for investors is the US Personal Consumption Price Index (PCE), after GDP registered a 2.1% increase in the last year. In Spain today it has been known that the Spanish economy grew by 5.5% in 2022, driven by the pull of domestic consumption.

Federal is going to slow down the process of interest rate hikes again next week to 25 basis points, the recent battery of macroeconomic data released in the US, which shows an economy that continues to resist both inflation and price hikes. rates, as well as a very stressed labor market, “could lead the Fed to surprise the markets, raising its rates again by half a percentage point, something very few investors are currently contemplating.”

The European stock markets are trading flat, with a slight downward trend in Paris (-0.17%), Frankfurt (-0.01%) and London (-0.05%). Milan, for its part, is trading with an advance of 0.03%. Back in Spain, Acerinox and ArcelorMittal led the increases, with an increase of 2.05% and 0.97%, respectively, followed by Rovi (+0.83%), Colonial (+0.75) and Repsol ( +0.66%). On the side of falls, Repsol (-1.32%), (-0.96%), Inditex (-0.67%) and Ferrovial (-0.51%) stand out.

In other markets, the price of a barrel of Brent oil, a reference for the Old Continent, was at a price of 87.76 dollars at the opening of the stock markets, with an increase of 0.3%, while Texas was trading at 81.28 dollars, with an increase also of 0.3%. As for currencies, the value of the euro against the dollar stood at 1.0878 ‘greenbacks’, while the Spanish risk premium was around 100 basis points, with the interest required on the ten-year bond at 3,234%.

* 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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