MADRID, 14 Sep. (EUROPA PRESS) –
The Ibex 35 registered a rise of 0.2% at midday this Thursday, reaching 9,442.1 points, on a day marked by the monetary policy meeting to be held by the Governing Council of the European Central Bank (ECB).
The Spanish market started the session with a bearish behavior that caused it to lose the level of 9,400 integers, however, it began a comeback and turned to profits in the middle section of the negotiation along with its European counterparts, which o They were either trading flat or registering slight advances, waiting for the central bank.
The European monetary authority is debating between stopping its path of raising rates, after nine consecutive increases, or continuing with the monetary tightening strategy, which on this occasion could be around a quarter of a point, which would raise the ‘price of money’ to 4.5%.
Investors will also be attentive this Thursday to the evolution of the price of oil and the publication in the United States of retail sales in August and the weekly applications for unemployment benefits in the United States; Likewise, the American stock market will experience its largest stock market listing in two years this Thursday, that of the British ARM, owned by the Japanese conglomerate Softbank, with a valuation of more than $50 billion.
For its part, the Spanish market has been shaken since the first hour of this Thursday by the announcement by Amber, a company formed by the ISQ and TDR funds, of the launch of a takeover bid for Applus at a price of 9.75 euros per share , above the 9.5 euros offered by Apollo. The announcement sent Applus shares up 4.81% at midday, to 9.91 euros per share, above the price offered by both Amber and Apollo.
Within the Ibex 35, the most notable advances were from Rovi (1.7%); Indra (1.6%); Repsol (1%); Inditex (0.98%); Naturgy (0.96%) and Caixabank (0.82%). On the other hand, on the decline side, Aena stood out (-3.04%); IAG (-2.1%) and Telefónica (-1.01%).
Pending the ECB’s decision on interest rates, most European stock markets were trading with slight advances at midday: Frankfurt added 0.01%; Milan 0.05%; Paris 0.1% and London 0.9%.
At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.82%, to 92.65 dollars, while Texas stood at 89.3 dollars, 0. 88% more.
For its part, in the foreign exchange market, the euro was trading flat (0.03%) against the dollar, up to 1.0733 ‘greenbacks’, while in the debt market the interest required on the Spanish bond at 10 years moderated to 3.704%.
