MADRID, 17 Oct. (EUROPA PRESS) –
The Ibex 35 rose 1.44% in the mid-session, reaching 7,489.9 integers, in a week that will continue to be marked by inflation pressures, rate hikes and the economic slowdown.
Among the most relevant macroeconomic publications, the GDP for the third quarter in China, the ZEW Index of German investor confidence and inflation in the eurozone stand out.
At the corporate level, the publication of results in the United States will be accelerated, among which are those of Bank of America, The Charles Schwab, J
Renta 4 analysts highlight the message of the president of China, Xi Jinping, delivered yesterday after securing a third term in the Communist Party Congress. The Chinese leader showed no relaxation in his ‘Zero Covid’ policy and vowed to continue advancing technological development. Likewise, he reiterated his promise to complete the reunification of Taiwan, “without giving up the use of force.
The new UK Chancellor of the Exchequer, Jeremy Hunt, is also expected to make a statement today after Kwasi Kwarteng’s departure on Friday over his announced tax cut plan. Renta 4 experts anticipate that Hunt will be in favor of fiscal sustainability, although the complete fiscal plan will not be known until October 31.
In this context, most of the Ibex 35 stocks traded in ‘green’ around 12 noon, except for Solaria (-0.34%) and Colonial (-0.21%). On the rise side, IAG (3.13%), Iberdrola (2.65%), Cellnex (2.39%), CaixaBank (2.35%), Repsol (2.20%), Acerinox ( 2.20%) and Indra (2.19%).
The rest of the European stock markets also registered revaluations in the mid-session, with increases of 0.49% in London, 0.64% in Paris, 0.59% in Frankfurt and 0.73% in Milan.
Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 91.89 dollars this Monday, with an increase of 0.28%, while Texas stood at 85.8 dollars, with a rise of 0.22%.
Finally, the price of the euro against the dollar stood at 0.9751 ‘greenbacks’, while the Spanish risk premium stood at 117 basis points, with the interest required on the ten-year bond at 3.408%.
