The Ibex 35 closed with a slight rise of 0.11%, which has led it to remain at 9,927.3 points, after losing this level and falling to 9,800 points at some points in the session.

The day is marked by the publication of the final inflation data for January in Spain, which, as was known at the start of the negotiation, rose 0.1% in January compared to the previous month and raised its interannual rate by three tenths. up to 3.4%, driven by the rebound in electricity prices.

For its part, the European Commission maintains its calculations that the Spanish economy will grow by 1.7% in 2024 and lowers its inflation forecast from 3.4% to 3.2%, while in 2025 the growth of the Spanish GDP is 2.1%, compared to the 2% expected in autumn due to the impact of the loan component of the Recovery and Resilience fund.

In addition, it has also been known that the Gross Domestic Product (GDP) of the United Kingdom fell by 0.3% in the last quarter of 2023 compared to the previous three months, when it had already fallen by 0.1%, so the Europe’s second largest economy entered a technical recession after accumulating two consecutive quarters of contraction.

The markets are also digesting the intervention of the president of the European Central Bank (ECB), Christine Lagarde, in Brussels, as well as the publication of business results.

The president of the ‘guardian of the euro’ has pointed out that the process of moderation of the rise in prices in the eurozone will continue throughout the year, after the inflation rate in January stood at 2.8%, one tenth less than at the end of 2023, although the Governing Council of the ECB must be confident that it will reach the 2% objective in a sustainable manner.

On the other hand, investors do not have the reference of the Chinese markets this week, since their stock exchanges will remain closed all week due to the celebration of the Chinese New Year.

Given this situation, the biggest increases have been those of Redeia (2.32%), Unicaja (1.83%), Acciona EnergĂ­a (1.80%), Acerinox (1.72%) and Acciona (1.63% ). On the other hand, the biggest falls have been recorded by Sabdell (-1.96%), BBVA (-1.57%), Fluidra (-1.33%), Amadeus (-1.26%) and Logista (- 1.26%).

The main European markets have also closed with gains. Milan has risen 1.17% in the session; Paris, 0.86%; Frankfurt, 0.60% and London, 0.38%.

In the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 83.13 dollars, 1.88% more, while Texas rose 2.18%, to 78.32 dollars.

In the currency market, the price of the euro strengthened by 0.3% against the dollar and stood at 1.059 ‘greenbacks’, while in the debt market, the interest required on the 10-year bond rose to 3.273%, with the risk premium (the differential with the German bond) at 92 points.