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HomeLatest NewsThe Ibex gains momentum and looks askance at 9,500 in full avalanche...

The Ibex gains momentum and looks askance at 9,500 in full avalanche of ‘macro’ data

Date: December 6, 2023 Time: 07:01:30

The Ibex 35 gains strength in the last day of September and starts with a rebound of 0.5%, up to 9,477 points, insufficient, for the moment, to end the month positively. The ‘acceleration’ is in line with that registered by the main stock exchanges of the Old Continent. London advances by 0.7%, Paris rebounds by 0.6%, Frankfurt rises by 0.6% and Milan accelerates by 0.15%. The market is awaiting the publication this Friday of the CPI in the eurozone and the PCE price index in the United States, the indicator most followed by the Federal Reserve.

In the case of the single currency region, analysts predict a drop of seven tenths, to 4.5%, as has already happened with inflation in Germany, and paves the way to suggest that the European Central Bank (ECB) ) has already ended interest rate hikes, even though the idea persists that they will remain high for longer than expected. At the moment, fixed income gives a break and falls below 4% in the case of the ten-year Spanish bond, as in the United States (4.54%), where the focus is on negotiations in Congress to avoid the government shutdown this Saturday.

For now, the US Senate has taken a first step to approve a law that allows financing the activities of federal agencies until mid-November, which would prevent the Government from having to close at midnight this Saturday when they run out. the available funds. Both Democrats and Republicans have supported a procedural step to begin debating the bill, which would extend public administration funding temporarily for six weeks, until November 17.

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

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