Finance

The IBEX 35 rises 0.36% in anticipation of an avalanche of rate hikes

The IBEX 35 rises 0.36% in anticipation of an avalanche of rate hikes

Madrid, Sep 20 (EFE).- The IBEX 35, the main Spanish index, advanced 0.36% at the opening of this Tuesday, awaiting an avalanche of central bank meetings, led by the US Federal Reserve .UU (Fed) which, according to analysts, will sharply raise interest rates due to inflation.

Pending monetary policy decisions, in the debt market the yield on sovereign bonds remains at maximum levels both in the US and in Germany, while in Spain, the ten-year bond yield is close to 3% ( rises to 2.975%).

In this context, the IBEX 35 started the day with gains of 0.36% and exceeded 8,000 points (8,022.40 points). Losses for the year are reduced to 7.92%.

(c) EFE Agency

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