An incident paralyzes the transmission of data, although operations continue in the Spanish market
MADRID, 28 Ago. (EUROPA PRESS) –
The Ibex 35 traded with a rise of 0.96% around 1:00 p.m., which brought it to stand at 9,428.9 integers, although the dissemination of the data was paralyzed due to an incident, which did not prevented the operation of the market, as BME sources have indicated to Europa Press.
Today’s session has few references, except for the GDP of the Organization for Economic Cooperation and Development (OECD) registered an expansion of 0.4% in the second quarter of 2023, one tenth less than the growth of 0.5 % of the first three months of the year.
However, investors are processing today the speeches of the president of the Federal Reserve of the United States (Fed), Jerome Powell, and the president of the European Central Bank (ECB), in the traditional meeting of central bankers in Jackson Hole.
Powell, who spoke at this symposium last Friday just an hour and a half before the European stock markets closed, took the opportunity to warn that, despite the fact that the inflation rate has moderated recently, “it is still too high”. , for which he assured that the US central bank is ready to raise interest rates if necessary.
“We are prepared to raise rates further if appropriate and intend to keep policy tight until we are confident that inflation is sustainably declining towards our target,” he said.
For her part, Lagarde, who spoke at the Jackson Hole summit after the European markets closed, stressed that the tightening of monetary policy is making progress, although she warned that “the fight against inflation has not yet been won.”
In the current environment, for the ECB this means setting interest rates “at sufficiently restrictive levels for as long as necessary” to achieve a timely return of inflation to the 2% medium-term target, Lagarde stressed.
Precisely, this week the markets will be very attentive to the publication of the CPI data for the euro area and several European countries, such as Germany and Spain, as well as the quarterly GDP of the United States.
Despite the fact that the Ibex 35 data was known at 1:00 p.m., the spread of the rises and falls of each value that made up the selective was still paralyzed. Thus, at 11:20 a.m., all the Ibex 35 values were in ‘green’, although the largest increases were recorded by Sabadell (2.02%), BBVA (1.82%), IAG (1.54% ), Acerinox (1.51%), Unicaja Banco (1.47%) and Acciona (1.46%). The smallest advances were for Endesa (0.08%), Naturgy (0.31%), Enagás (0.35%), Iberdrola (0.36%) and Indra (0.46%).
The main European indices were also revalued at 11:20 am, with increases of 0.81% in Milan, 0.49% in Paris, 0.31% in Frankfurt and 0.06% in London.
In the mid-session, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.21%, to $84.30, while Texas stood at $79.78, 0. 05% less.
In the currency market, the price of the euro against the dollar rose to 1.0808 ‘green tickets’, while in the debt market the interest required on the 10-year Spanish bond rose to 3.590% and the premium risk remained at 102 basis points.
