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Thursday, December 01, 2022

Ibex 35 consolidates 8,100 points with focus on Bank of England

ibex 35 Opening of mixed trend in Europe opted for the uptrend. In a day of some context, beyond some business results and the Bank of England meeting, The national index added 0.07% and peaked at 8,153.88.

If we manage to end the day with the same sign, it will beOne The rise of the Spanish stock market selective for the third consecutive session. IBEX 35 closed up 0.56% on Wednesday, with it consolidating the 8,100-point level after losing on July 29.

Rely on Inditex to open Ibex 35 higher, The clothing firm led the selective progress adding 1.52%. Next, Solaria added 1.49% and Rovi added 1.10%

key to today’s session

Eduardo Bolinches

The Merlin Properties and Indra’s Falls stood out on the opposite side of the table. There was a loss of 7.47% in the first and 5.63% in the second.

After the bell, London was down 0.18% and Milan 0.20%; While Frankfurt gained 0.28% and Paris by 0.13%. The Euro Stokes 50 is up 0.10%.

[La cartera de acciones de Eduardo Bolinches para la sesión de hoy]

Old continent index expected Governing Council meeting of the Bank of England. market discount that The British central bank will increase its interest rates by 50 basis points to 1.75 percent.

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“Recent UK price data has indicated that inflation has not yet peaked, which justifies the action of Institution”, point experts at Link Securities,

“We will have to be attentive to the market’s reaction to the decision, with subsequent statements expected to include definitions of the agency’s future monetary policy strategy and subsequent statements from the central bank governor”, That’s what the experts say.

European stock markets hesitate again Wall Street’s Strong Growth, The Dow Jones added 1.29%; The S&P 500, 1.56% and the Nasdaq, 2.59%. There were several factors that led to this increase.

On the one hand, the New York Stock Exchange benefited from the publication of some Positive statistics on the US service sector. Non-Manufacturing Activity Index prepared by Supply Management Institute (ISM), ISM non-manufacturing, made a surprise return in July. It stood at 56.7 points, surpassing both the consensus reading and last month.

Furthermore, San Luis Federal Reserve Chairman James Bullard denied that the US was in recession. He confirmed recent messages from US officials, who defend The good health of the economy despite the fact that the country has chained a two-quarter contraction.

In addition, he stressed the need for signals to continue increasing their interest rates to fight inflation.

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New York parquet floors heaved a sigh of relief Controversial visit to Taiwan ends Without China, Speaker of the US House of Representatives Nancy Pelosi has now taken major action in retaliation.

[El arsenal que China ha desplazado hacia Taiwán: cazas, aviones espías y barcos de guerra]

This Thursday “China’s military exercises begin around the island of Taiwan, exercises that could be the final chapter in escalating tensions between the US and the Asian giant,” he explains in Renta 4.

At the opening of the session, euro It strengthened against the dollar and traded at 1,018 ‘greenback’.

brent oil, Reference in Europe, rose 0.30% and recovered to $97 a barrel.

OPEC+A group formed by the Organization of the Petroleum Exporting Countries (OPEC) and its allies made the decision on Wednesday. By September their combined production had increased to just 100,000 barrels of oil per day.

This is in contrast to the decision taken in June, when OPEC+ decided to increase production growth for July and August to 648,000 barrels per day, compared to the previous rate of 432,000 barrels, an increase of over 200,000 barrels. Had happened.

Required interest on 10-year Spanish bonds fell to 1.97%, while Spain’s risk premium fell to 110.35 basis points.

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