The Ibex 35 was trading practically flat (0.01%) at twelve noon, in a week marked by the meeting of the United States Federal Reserve (Fed) and the publication of macroeconomic data, among other data.

The year-on-year inflation rate in the euro area stood at 10.7% in October, which marks a new historical record and represents an acceleration of eight tenths compared to the figure for September, despite the increases in interest rates undertaken by the European Central Bank (ECB), according to the first estimate published by the Community Statistics Office.

Likewise, the gross domestic product (GDP) of the euro zone slowed down its growth rate between July and September to 0.2% from the 0.8% observed in the second quarter of the year.

The Chinese economy has once again shown signs of weakness in October as a result of the outbreak of Covid-19 and the impact of the global economic context, as reflected by the weakness of the purchasing managers’ indices (PMI) for both the services sector and the industry, which in October have once again registered a contraction in activity.

In this scenario, the selective was trading at 7,917.4 points at twelve noon, with IAG (3.53%), Fluidra (3.33%), Sabadell (2.89%), PharmaMar (2.46% ), CaixaBank (1.85%), Bankinter (1.72%) and MeliĆ” (1.42%) at the head of the promotions.

On negative terrain Acciona (-2.05%), Santander (-1.58%), Inditex (-1.53%) and Rovi (-1.09%) stood out.

The rest of the European stock markets showed advances in London (0.1%), Frankfurt (0.13%) and Milan (0.34%), while Paris fell by 0.12%.

Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 94.48 dollars this Monday, with a decrease of 1.35%, while Texas stood at 86.58 dollars, with a drop of 1.5%.

Finally, the price of the euro against the dollar stood at 0.9935 ‘greenbacks’, while the Spanish risk premium stood at 105 basis points, with the interest required on the ten-year bond at 3.178%.