The IBEX 35 rose by 0.52% this Wednesday, regaining the 11,000 points it lost the previous day after it was announced that inflation in the Eurozone fell to 2.4%, close to that of the European Central Bank (ECB) managed 2% target is approaching 2%.
The IBEX 35, the benchmark index of the Spanish stock market, gained 56.7 points or 0.52% to 11,032.3 integers, registering an increase of 9.21% for the year. With the euro rising to $1,083, European stock markets closed higher this Wednesday. Frankfurt is up 0.46%, Milan is up 0.45%; Paris, 0.29%; and London 0.03%.
The stock market started the day with gains that accelerated throughout the day after news that inflation in the euro zone fell by two tenths to 2.4% in March, boosting investor expectations of possible interest rate cuts by the ECB reinforced.