The Ibex 35 registered an increase of 0.2% at midday this Friday, reaching 9,899.7 points, in its attempt to recover the level of 9,900 points after having cushioned the falls that had been occurring until the previous day. Wednesday and that made the selective lose the symbolic level of 10,000 points due to doubts regarding the first interest rate cuts and greater economic weakness in China.

The main indicator of the Spanish market managed to advance at the opening – following yesterday’s positive trail from Wall Street and the Tokyo Nikkei in the early morning – by about half a percentage point to, shortly afterwards, return to yesterday’s closing levels. However, in the mid-session it tried to stage a new comeback attempt supported by values ​​such as Telefónica (1.6%) and Inditex (0.9%).

The markets will be waiting today for the statements of the president of the European Central Bank (ECB), Christine Lagarde, at the World Economic Forum being held in the Swiss town of Davos. They will also be attentive to the intervention of Elizabeth McCaul, of the ECB, in Frankfurt (Germany).

On the ‘macro’ agenda, it has been published that the German producer price index in December fell 8.6% in the interannual rate and 1.2% in the monthly rate; In both cases, the fall has been greater than the market expected.

For its part, this afternoon data on the sale of second-hand homes in December and consumer confidence (prepared by the University of Michigan) in the same month will be released in the United States.

Furthermore, during this day, in some markets such as Spain, the monthly expiration of derivative contracts on the indices will take place, which could imply an increase in the volatility of the European stock markets.

In the middle section of this Friday’s trading, the biggest increases within the Ibex 35 were recorded by Mélia Hotels (2.4%), Telefónica (1.6%), Rovi (1.05%) and Inditex (0. 91%), while at the other extreme, the ‘red lanterns’ were Unicaja Banco (-3.2%), Solaria (-2.26%), Grifols (-1.57%) and Endesa (-0. 8%).

European stock markets also recovered some ground at midday: Paris added 0.1%; Frankfurt 0.26%; Milan 0.27% and London 0.4%.

At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, increased by 0.1%, to 79.2 dollars, while Texas stood at 74.25 dollars, 0.1%. .23 more.

In the foreign exchange market, the price of the euro strengthened by 0.1% against the dollar, up to 1.0886 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond was at 3.219 after subtracting five basis points, with the risk premium (the differential with the German bond) at 90.4 points.