The IBEX 35 crosses 11,100 after seven sessions of increase

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The IBEX 35 rose by 1.09% this Wednesday and exceeded 11,100 points, reaching the level of May 2017, after chaining seven consecutive periods of growth supported by Wall Street and the rest of the European stock markets.

The reference index of the Spanish stock market rose by 119.8 integers, or 1.09%, to 11,111.3 points, registering an increase of 9.99% over the year.

The stock market opened with gains after hitting close to 11,000 points on Tuesday, consolidating gains on a day without relevant economic indicators.

Consumer Price Index March

The National Statistics Institute (INE) has published the preliminary data for the consumer price index (CPI), which rose by four tenths to 3.2% in March, mainly due to the increase in fuel and electricity prices.

In Germany, the country’s five most important economic institutes have significantly revised their forecasts for the current year downwards. They now expect economic growth of 0.1%, compared to the 1.3% they forecast last fall.

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After the euro rose to $1.082 after a 0.09% decline, major European stock markets closed on a positive note. Frankfurt is up 0.5%; Paris, 0.25%; Milan, 0.21% and London, 0.01%.

In Asia, the main index of the Tokyo Stock Exchange, the Nikkei, rose this Thursday by 2.03% to a new historical record, driven by the triple high on Wall Street the day before and the pronounced depreciation of the yen.

The benchmark index of the Shanghai Stock Exchange fell 1.26% this Thursday and the Hong Kong Stock Exchange fell 1.4%.

Acciona Energía leads the increases in the IBEX 35

Among major stocks, Inditex is up 2.03%; Iberdrola, 1.53%; Santander, 0.96%; Telefónica, 0.64% and BBVA, 0.6%. On the contrary, Repsol fell by 0.36% (second largest drop in selection).

Acciona Energía was the stock that led the increases on the IBEX, with an increase of 4.2%, followed by Acciona with an increase of 3.65% and IAG with an increase of 3.34%.

On the contrary, the stock that fell the most was Banco Sabadell, down 0.79%; followed by Repsol with 0.36% and Meliá with 0.2%.

In the commodities market, a barrel of Brent oil, a benchmark in Europe, fell 0.3% to $85.99 at the close of trading after news that U.S. crude inventories rose by 3.2 million barrels last week were below expectations.

At the same time, gold prices rose 0.61% to $2,192.05 per ounce.

In the debt market, Spain’s 10-year bond fell 4.8 basis points to 3.12%.

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