The Ibex 35 closed this Wednesday with an increase of 0.61% after knowing the minutes of the Federal Reserve (Fed) of the United States and the announcement of a truce between Israel and the Palestinian militia of Hamas, so in 2023 the The main index of the Spanish market accumulates a revaluation of 20.15% and is heading towards 9,900 – specifically, it has closed at 9,887.4 integers -, a new maximum that has not been seen since before the outbreak of the pandemic in March 2020.

Specifically, European investors have begun this Wednesday’s session digesting the minutes – published yesterday with the European market already closed – of the November 1 meeting of the United States Federal Reserve (Fed), where members of the central bank They reiterated their idea of ​​keeping rates high for a long time.

For their part, Israel and the Islamic Resistance Movement (Hamas) today reached an agreement for a “humanitarian pause” for four days, which includes the exchange of hostages and the commitment of the Israeli authorities not to arrest or attack anyone in the Gaza Strip.

It was also known this Wednesday that consumer confidence in the eurozone in November has improved more than expected, while that prepared by the University of Michigan in the same month has worsened less than anticipated.

Given this situation, the Spanish market has navigated throughout the session in positive territory, although with a volatile trend that has caused it to increase and moderate its benefits until the end of the session, at which time it has consolidated at the top. of that curve thanks to the impulse coming from Wall Street, whose indices rose around 0.5% at the European close.

It should be remembered that today will be the last day of the week in which Wall Street operates normally, since tomorrow it will close for Thanksgiving and on Friday it will only open half a session.

Thus, within the Ibex 35, the increases in Cellnex (2.44%), Merlín Properties (2.31%), IAG (2.24%), Mélia Hotels (2.02%) have stood out. On the loss side, Banco Sabadell (-1.08%) and Repsol (-0.61%) stood out.

The majority of the European selectives have also concluded this Wednesday’s trading with advances: Milan has added 0.01%, Frankfurt 0.36% and Paris 0.43%, while London has lost 0.17% .

At closing time in the Old Continent, in the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 3.65%, to $79.43, while the Texas stood at $74.8, 3.82% less; Both were affected by OPEC’s announcement to delay its meeting, initially scheduled for this weekend, to next Thursday the 30th.

Likewise, the price of the euro against the dollar fell 0.39% to 1.087 ‘greenbacks’, while the interest on the long-term Spanish bond closed at 3.549% after losing less than one basis point and with the risk premium (the differential with the German bond) at 99.2 points.

For its part, the price of Troy gold was trading at 1,991 dollars at the European stock market close, although in the morning it was trading at 2,006 dollars.

In that sense, IG expert Sergio Ávila explained in a report that the macroeconomic scenario seems to favor gold, since the slowdown in inflation in the United States drives the belief in the end of the cycle of interest rate increases, in so much so that the fall in bond yields and the dollar increase the investment attraction of gold.