Las european stocks open the third session of the week with gains, encouraged after the speech of the chairman of the Fed, Jerome Powell, on monetary policy, which according to experts was less harsh than expected. He Ibex 35 It has advanced 0.6%, an increase that allows it to exceed 9,200 points.
Within the index, the greatest advances are Sabadell, which rises 2.93%. They are followed by Grifols (2.85%), Merlin (2.19%), Bankinter (2.09%) and Repsol (2.08%). On the side of falls, Logista stands out, which has yielded 2.45% after reporting that the company earned 15% more in 2022.
Yesterday Powell said that the “disinflation” process has just begun, although he has “a long road ahead of him”, for which reason he ruled out abandoning the policy of raising interest rates for the moment. “We think we’ll need to raise rates more, as we said, and we think we’ll need to keep policy tight for a period,” a time that won’t be “mild” but “probably bumpy,” he said in a talk at the Economic Club of Washington.
According to the experts at Renta 4, the stock markets, with strong volatility, “don’t know whether to accept negatively” the idea that rates will be higher for longer, or “positively the resilience of the American economy and especially its working market”.
In the absence of important macroeconomic references, investors are awaiting the presentation of more results and the tensions between China and the United States.
In the commodity market, Brent, Europe’s benchmark crude, is trading at $83.92 per barrel after rising 0.27%.