The Ibex 35 stopped the opening downward trend at midday this Wednesday with losses of 0.6%, reaching 10,119.5 points, contained thanks to the pull of entities such as Banco Sabadell, Bankinter and Caixabank, and awaits know this afternoon – with the European markets already closed – the minutes of the last meeting of the Federal Reserve (Fed) of the United States.

Regarding the latter, Banca March experts have assessed in a report that the market “remains stubborn in rapid and prompt declines, which we do not see taking into account an inflation that, although it is on its way to being controlled, is still far from achieve the objectives of the Fed and ECB, respectively.

This Wednesday it was known in Spain that Social Security gained 540,000 affiliates in 2023 and marked a new annual maximum of 20.83 million employed people, while unemployment fell by 130,197 people, to its lowest level in 16 years, and stood at 2.7 million unemployed.

For its part, Germany’s unemployment rate in December has increased by one tenth as expected by consensus, reaching 5.9%. This afternoon, in addition to the Fed minutes, the manufacturing sector activity (ISM index) in December and job vacancies from the JOLTS report in November will be released in the US.

Given this situation, the declines were led by Acciona (-2.81%); Acciona Renewable Energies (-2%); ArcelorMittal (-1.96%); Aena (-1.86%); Inditex (-1.6%); ACS (-1.4%) and Ferrovial (-1.32%). On the other hand, less than a dozen stocks managed to advance in positive territory, although Banco Sabadell stood out (2.45%); Caixabank (1.6%); Bankinter (1.51%) and Telefónica (1.45%).

Stock market corrections were the European trend at midday: London was down 0.48%; Frankfurt 0.58%; Milan 0.94% and Paris 1.05%.

In the raw materials market, a barrel of Brent crude oil, a reference in Europe, fell 0.54%, to 75.5 dollars, while the Texas WTI, a reference in the United States, fell 0.75 %, at $69.84.

Regarding currencies, the euro depreciated 0.17% with respect to the ‘greenback’, to 1.0923 dollars, while the interest on the long-term Spanish bond rose slightly to 3.028%, with the risk premium (the differential with the German bond) at 97 points.