Ibex takes a step back before the Fed meeting
The US Federal Reserve decides today if they finally raise interest rates this year
Key day on the European stock markets, where investors will closely monitor US data, where the Fed will decide today if they ultimately raises interest rates. Analysts expect an increase of 25 bp, although to see the reactions of European markets we will have to wait until Thursday, as the decision will be published after 21:00 GMT.
In Spain, Ibex is preparing the definitive push to the annual closing highs, at 9,335 points, although at the moment it corrects around 0.4% and struggles to keep the 9,300. In this week the Spanish selective has recovered much of the lost ground during the last months and is placed in good position to finish the year in positive sign.
In the business section, Inditex has presented a result corresponding to its first nine fiscal months, which has increased net profit by 9%, to 2,205 million euros. The shares of Spanish textile traded practically flat this session, with a price of 33 euros.
BANKING SECTOR CONTINUES MOVING THE MARKET
Criteria Caixa, a company of the banking foundation La Caixa, has carried out an accelerated placement of 100 million CaixaBank shares, which represent 1.7% of the capital. The firm has contracted JP Morgan Securities and Morgan Stanley for this transaction. The bank's shares fell strongly at the start of the session (-4%) and traded around 3.14 euros.
In the oil market, Brent stepped back from the annual highs marked on Monday, and is around 55 dollars. The effect of the announcement of agreement in the Organization of Petroleum Exporting Countries (OPEC) is beginning to be diluted and some investment firms are already beginning to doubt that the participating countries will comply with all of the agreement.
