The Spanish stock market extends the gains of the opening to 0.62%, pending the publication of US inflation in December, a figure that will be decisive in the monetary policy of the US Federal Reserve (Fed).
Fifteen minutes after the start of the session, the IBEX 35, the main Spanish selective, is close to 8,800 points, as it trades at 8,780.1 whole after scoring those gains of 0.62%.
The Spanish stock market is heading for a new day in positive after ending yesterday with a slight rise of 0.16% that placed it at new highs since last June.
Since the beginning of the year, the IBEX 35 has only closed one session in negative, and accumulates a revaluation of 6.70%.
Positive trend today in the Spanish market after Wall Street closed the day before in green encouraged by market forecasts, which predict an improvement in the inflation data that will be known this Thursday.
Pimco experts believe that US inflation will moderate, and therefore, the Fed, after raising interest rates by 50 basis points in December, will move to a 25 basis point hike pace in early February and ultimately stop when they reach 5%.
From Renta4, its analysts also believe that today’s inflation data will be decisive for the amount of the Fed’s next rate hike at its meeting on February 1.
This morning the CPI of China has also been known, which increased by 1.8% year-on-year in December, which means that in the global of 2022 it grew by 2% compared to the previous year.
After knowing the data, the Shanghai Stock Exchange has gained a slight 0.05%, while Tokyo has added a minimum 0.01%.
In Europe, with the euro up to $1.076, Paris opened with gains of 0.50%; London, 0.48%; Milan, 0.46%; and Frankfurt, 0.30%.
The Brentthe raw of reference of the Old Continent is trading almost flat, with a slight fall of 0.06%, to 82.59 dollars.
In the debt market, the yield on Spanish ten-year bonds falls to 3.146%, and the German bond to 2.167%. The Spain’s risk premium It reaches 102 basis points.
Within the main Spanish selective, Melia Hoteles stands as the most bullish value by rising 3.26%; followed by Acciona Energy, 2.06%; and Repsol, 1,80 %.
Santander is revalued by 1,18 %; Telefónica, 1 %; Iberdrola, 0,46 %; BBVA, 0,40 %; and Inditex, 0,26 %.
Cellnex, down 0.31%; and Grifols, of 0.12%, are the only IBEX 35 stocks to fall after the open.