MADRID, 28 Ago. (EUROPA PRESS) –
The Ibex 35 has started the session this Monday with an advance of 0.65%, which has taken the selective to 9,399 points, although shortly after it assaulted the whole 9,400 after expanding its gains to almost 0.8%.
Thus, at 9:04 a.m., the Madrid parquet stood at 9,410 points, in a day without major macro references but in which the markets are processing the speeches of the president of the United States Federal Reserve (Fed), Jerome Powell. , and the president of the European Central Bank (ECB), at the traditional meeting of central bankers in Jackson Hole.
Powell, who spoke at this symposium last Friday just an hour and a half before the European stock markets closed, took the opportunity to warn that, despite the fact that the inflation rate has moderated recently, “it is still too high”. , for which he assured that the US central bank is ready to raise interest rates if necessary.
“We are prepared to further increase rates if appropriate and intend to keep policy tight until we are confident that inflation is sustainably declining towards our target,” he commented.
For her part, Lagarde, who spoke at the Jackson Hole summit after the European markets closed, stressed that the tightening of monetary policy is making progress, although she warned that “the fight against inflation has not yet been won.”
In the current environment, for the ECB this means setting interest rates “at sufficiently restrictive levels for as long as necessary” to achieve a timely return of inflation to the 2% medium-term target, Lagarde stressed.
Precisely, this week the markets will be very attentive to the publication of the CPI data for the euro area and several European countries, such as Germany and Spain, as well as the quarterly GDP of the United States.
After the positive closing of Wall Street last Friday and the gains of more than 1% that the Asian stock markets are registering today, the main European markets also woke up this Monday gaining positions.
Thus, Francfot rose 0.77%, while Paris gained 0.85% and Milan appreciated 0.80%. The London Stock Exchange, for its part, closes this Monday for a holiday.
In the early stages of the first session of the week, the biggest increases in the Ibex 35 were recorded by Fluidra (1.34%), Inditex (1.08%), ACS (0.98%), Acerinox (0.83 %), Repsol (0.82%) and Aena (0.75
At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.3%, to $84.20, while Texas stood at $80.19, a 0.45% more.
In the currency market, the value of the euro against the dollar rose to 1.0818 ‘green bills’, while in the debt market the interest demanded on the 10-year Spanish bond relaxed to 3.576%.
