The Ibex-35 saw a 1.47% increase in trading this Thursday. This is the fourth consecutive day of green trading and marks its highest value since 2022. The index closed at 8,888 points. This means that it is now close to the 8,900 point barrier which it has not crossed since November 2021.
Yesterday’s publication of minutes of the Federal Reserve of the United States (Fed), which revealed that the majority central bankers of the US organization were in favor of raising rates by 50 basis points, is a sign of this scenario. Interest in the organization’s July and July meetings.
Analysts read these minutes with less hawkish or aggressive tone regarding the rate rise, as there is no possibility of an increase of 75 basis points at the next two meetings. Renta 4 states that “From there it will be the evolution inflation -if it reaches its ceiling and depending upon the rate of moderation of prices- which determines whether interest rates rise in the US to a neutral level around 2.5% or above.
Investors have also learned that the Gross Domestic Product (GDP) of the United States decreased 0.4% in the first quarter 2022, compared to the three previous months. This is according to the second estimate. This Thursday’s publication by the Office of Economic Analysis of the Government (BEA) confirms the April reading.
This scenario has Inditex (5.15%), Cellnex (3.9%), Sabadell (3.388%), Melia (3.533%), CIE Automotive (3.43%) and Arcelormittal (3.244%) presenting the largest increases in Ibex-35.
Contrary to popular belief, only Iberdrola (0.14%), Red Electrica (0.65%)), Repsol (0.433%), Enagas (0.144%), and Red Electrica (0.625%) closed in the’red’.
Other stock markets on the Old Continent also saw gains, with 0.56% in London and 1.78% Paris, 1.59% Frankfurt, 1.59% Milan, and 1.22% Milan.
Brent crude oil was at 117.08 USD, which is a benchmark price for Europe. This represents a 2.67% increase, while WTI oil, which is a benchmark oil for the US, increased by 3. 48% to $114.17.
The euro was priced at 1.0722 greenbacks against the dollar. The Spanish risk premium was 109 basis points. The interest rate on the 10-year bond was 2.045%.
