MADRID, 25 Ago. (EUROPA PRESS) –
The Ibex 35 has ended the week with an advance of 0.76%, which has led it to stand at 9,338.9 integers, after the president of the United States Federal Reserve (Fed) has spoken, Jerome Powell, at the traditional meeting of central bankers in Jackson Hole, the big event that had capitalized the attention of the markets this week.
Powell has taken the opportunity to warn that, despite the fact that the inflation rate has moderated recently, “it is still too high”, for which he has assured that the US central bank is ready to raise interest rates if it were 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.
Given this news, the Ibex 35 has moderated its rise, after returning to ‘flirt’ with 9,400 points, although it has closed the session positively, with an advance of 0.15%.
In addition, tonight, the appearance of the president of the European Central Bank (ECB), Christine Lagarde, is also scheduled in Jackson Hole, although her comments will not influence the European stock markets today as they are already closed.
The XTB analyst, Adrián Hostaled, points out that the conclusion of these speeches is the “absolute” tone, since none of the central bankers “closes the door to a new rate hike in September”, so it could still take time. reach the “high point” of interest rates and stay at them until April or May 2024, when the decline could begin.
In the macro references section, the German Statistical Office has confirmed this Friday that the ‘European locomotive’ came out of the technical recession after its GDP stagnated in the second quarter, a trend that could continue in the third quarter, as recently warned by the Bundesbank, the German central bank.
In Spain, the industrial price data for the month of July were published today, showing that industrial inflation deepened its fall to 8.4% due to the lower cost of electricity, already accumulating five consecutive months of year-on-year declines.
Returning to the Spanish selective, Repsol has been the bullish value, with a rise of 1.62%, followed by Solaria (-1.17%), Iberdrola (1.01%), Endesa (0.90%), Sacyr ( 0.84%) and Redeia (0.68%). On the other hand, there were IAG (-1.63%), Grifols (-1.61%), Meliá (-1.58%), Aena (-1.30%) and Colonial (-1.03 %).
The rest of the main European indices have also appreciated, with increases of 0.49% in Milan, 0.21% in Paris, and 0.07% in Frankfurt and London. Wall Street was also trading with increases, of 0.36% in the Dow Jones, of 0.29% in the S
On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.95%, to 84.16 dollars, while Texas stood at 79.69 dollars, 0.82 % further.
In the currency market, the price of the euro against the dollar fell to 1.0790 ‘green tickets’, while in the debt market the interest required on the 10-year Spanish bond rose to 3.569% and the premium risk remained at 102 basis points.
