The Ibex 35 seeks to settle at the level of 9,100 points after the Fed meeting

2023-11-02 10:51:15

He Ibex 35 has started this Thursday’s session with an increase of 0.63%which has led the selective to exceed the level of 9,100 pointsuntil reaching the 9,132.1 integersafter the meeting of the United States Federal Reserve (Fed) and on a day marked again by the presentation of business results and uncertainty about the consequences of the conflict between Israel and Hamas.

Specifically, the Federal Open Market Committee (FOMC) of the Fed decided this Wednesday, after the closure of the European stock markets, to maintain interest rates in the target range of between 5.25% and 5.5%, highest since January 2001.

Before the start of the trading day, the airport manager Aena informed the National Securities Market Commission (CNMV) that it obtained a net profit of 1,139 million euros in the first nine months of the year, which is 71.3% more than what was recorded in the same period of 2022 and a figure similar to that recorded in 2019.

Grifols, for its part, obtained a profit of 3.32 million euros in the first nine months of this year, which represents a decrease of 98.2% compared to the same period of the previous year.

Also in Spain, the Public Treasury expects to place between 4,750 million and 6,250 million euros this Thursday in an auction of State bonds and obligations, including a reference linked to inflation, with which it will inaugurate the issues for the month of November.

In the macro section, this Thursday a battery of manufacturing PMI will be published in Spain, France, Italy, Germany and the eurozone.

In the first stages of this session, the biggest rises Within the Ibex 35 they were scored by Grifols (+3.56%), Meliá (+1.92%) and ArcelorMittal (+1.64%), while on the opposite side The only ‘red lantern’ was CaixaBank, which lost 0.16%.

The main European stock markets also opened this Thursday with a positive sign: 0.81% for Paris and Milan, 0.78% for Frankfurt, and 0.68% for London.

At the opening of the stock market, the price of a barrel of Brent quality oila reference for the Old Continent, was above 85 dollars, 1.28% more, while that of Texas rose 1.36%, to 81.53 dollars, both affected by the escalation of tensions in the Middle East following the open war between Hamas and Israel, as well as the situation in Iran, in addition to the pressures related to the conflict in Ukraine and the cut in supplies from Russia and Saudi Arabia.

In the currency market, the price of the euro against the dollar stood at 1.0591 ‘greenbacks’, while The Spanish risk premium was around 108.9 basis pointswith the interest required on the 10-year bond at 3.809%.