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The Ibex 35 dawns with a rise of 0.48% and recovers 8,400 points


The Ibex 35 has started the session this Tuesday with a rise of 0.48%, which has led the selective to stand at 8,429 integers at 9:01 a.m., after the president of the United States Federal Reserve (Fed ), Jerome Powell, has opened the door to a “tight” monetary policy to curb inflation.

At its last meeting, the Fed agreed to raise interest rates by 25 basis points and brought forward further increases throughout the year to contain inflation. However, Powell has now indicated that the central bank will take the “necessary steps” to return to price stability, even if that means raising rates by more than 25 basis points on occasion.

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In this way, after yesterday truncating its bullish streak and falling 0.34%, the Madrid selective began the session above the psychological level of 8,400 integers, with its sights also set on the war between Russia and Ukraine.

In the first bars of the session, the biggest increases were scored by ArcelorMittal (+1.74%), BBVA (+0.95%), Sabadell (+0.86%), Repsol (+0.83%), Bankinter (+0.7%) and Santander (+0.64%), while on the opposite side were Amadeus (-0.43%), Fluidra (-0.1%) and Colonial (-0.06 %).

The rest of the European stock markets opened in ‘green’ with increases of 0.2% for Frankfurt, 0.4% for London and 0.1% for Paris.

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On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 116 dollars, with an increase of 0.5%, while the Texas stood at 110 dollars, after up 0.84%.

Finally, the price of the euro against the dollar stood at 1.0988 ‘greenbacks’, while the Spanish risk premium stood at 93 basis points, with the interest required on the ten-year bond at 1.435%.

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