The Ibex 35 rises 0.65% in the middle of the session, but is trading below 8,700 points

MADRID, 25 May. (EUROPA PRESS) –

The Ibex 35 moderated its rise to 0.65% in the mid-session this Wednesday and did not retain the level of 8,700 points that it conquered in the first stages of the trading day.

The selective traded at 8,687.3 points at twelve noon, in a scenario marked by the central banks and the publication of the minutes of the last monetary policy meeting of the United States Federal Reserve (Fed).

The European Central Bank (ECB) has warned that the Russian invasion of Ukraine and its impact on inflation and growth prospects has amplified existing vulnerabilities, increasing risks to financial sector stability.

On the other hand, this morning it became known that the United States will not renew the exemption that allowed Russia’s debt payments to be processed on a case-by-case basis through US and international entities, which expires this Wednesday and had allowed the Eurasian giant to avoid its first ‘default’ in foreign currency since 1918.

In Spain, it has been published that industrial prices rose 1.6% last April compared to the previous month and shot up 45% year-on-year. However, this rate has moderated two points compared to March, when a growth of 47% was reached, the highest in 46 years.

The biggest increases in the Ibex 35 were presented by Acerinox (2.71%), Repsol (1.84%), Telefónica (1.66%), Sabadell (1.64%), Arcelormittal (1.41%), CaixaBank ( 1.37%) and Aena (1.33%).

On the contrary, the most pronounced falls were those of Grifols (-1.75%), Rovi (-1.35%), Merlin (-1.22%), Colonial (-0.58%) and Fluidra (- 0.53%).

The rest of the European stock markets also maintained their gains in the mid-session, 0.5% in London, 0.18% in Paris, 0.19% in Frankfurt and 0.51% in Milan.

The price of a barrel of Brent crude oil, a benchmark for Europe, stood at 115 dollars, with an increase of 1.27%, while the barrel of WTI oil, a benchmark for the US, rose 1.5% , up to $111.42.

Finally, the price of the euro against the dollar stood at 1.0675 ‘greenbacks’, while the Spanish risk premium stood at 110 basis points, with the interest required on the ten-year bond at 2.035%.