MADRID, 11 Sep. (EUROPA PRESS) –
The Ibex closed the first session of the week with an increase of 0.75%, standing at 9,435.2 points, with investors’ attention focused on the meeting to be held by the Governing Council of the European Central Bank (ECB). Thursday.
The monetary authority is debating between stopping its rate hike path, after nine consecutive increases, or continuing with the monetary tightening strategy, which on this occasion could be around a quarter of a point.
Meanwhile, this Monday it was learned that the European Commission (EC) has raised Spain’s growth forecast for 2023 to 2.2% and has reduced inflation to 3.6%, while France’s GDP growth will be 1%; Italy of 0.9% and Germany will suffer an economic contraction of 0.4%.
Looking ahead to the rest of the week, tomorrow the UK unemployment rate, Spain’s inflation rate and German investor confidence will be announced, while on Wednesday the UK’s GDP data, the industrial production of the eurozone and the inflation data from the United States, which could offer clues to the decision adopted by the country’s Federal Reserve next week.
In addition, more European data will be released on Friday, such as labor costs for the euro area or inflation data for France and Germany. In addition, China will also offer an overview of the state of its economy, with the release of CPI, retail sales and industrial production.
Finally, the week will be crowned by the informal meeting that the ministers of Economy and Finance of the European Union (Ecofin) will hold in Santiago de Compostela (Galicia).
The stock that performed the best this Monday was Grifols (3.58%), ahead of Rovi (2.23%), Fluidra (1.98%), Colonial (1.98%), Unicaja Banco (1 .61%) and Inditex (1.45%).
On the opposite side, only three values have ended the trading day in negative: Iberdrola (-0.87%), Solaria (-0.22%) and Redeia (-0.03%).
Regarding the rest of the main European markets, London closed up 0.25%; Paris, 0.52%; Frankfurt, 0.36%; and Milan, 1.03%.
At the close of the European trading session, a barrel of Brent was trading at $90.55, 0.11% less, while West Texas Intermediate (WTI) fell 0.23%, to $87.33. .
In the debt market, the yield on the Spanish bond with a 10-year maturity has stood at 3.691%, compared to the 3.648% at which it closed on Friday. In this way, the risk premium against German debt closed on Monday at 105.3 basis points, one and a half points more.
For its part, the euro appreciated 0.40% against the dollar, reaching an exchange rate in the markets of 1.0743 dollars for each euro.
