Bullish
IBEX 35 rises 1% to 19,800 points after Fed's rate hike and easing oil prices.
The IBEX 35 gained 1% to close at 19,800 points, buoyed by the Federal Reserve's recent interest rate hike and a decline in oil prices. The Fed's decision to raise rates by a quarter point was seen as a commitment to controlling inflation, which bolstered investor confidence. Additionally, the easing of oil prices, with Brent crude dropping to $103 per barrel, alleviated inflationary concerns.
Key points
- Federal Reserve raises interest rates by 0.25%, signaling commitment to controlling inflation.
- Oil prices decline, with Brent crude falling to $103 per barrel, easing inflationary pressures.
- European markets, including the IBEX 35, show resilience amid global economic uncertainties.
Sources
AI-generated from public news sources. Not financial advice.
