The Ibex 35 index rose more than 0.2% at the open and is aiming to reach 11,200 ahead of Jackson Hole.

The Ibex 35 opened Friday’s session, the last of the week, with a gain of 0.25%, bringing the index to 11,183 points. However, just a few minutes after the start of the session, the Madrid Stock Exchange increased its gain by more than 0.5% and managed to surpass the 11,200 mark. Today’s stock market session will be marked by the speech of the President of the US Federal Reserve (FRS) Jerome Powell at the annual symposium of central bankers in Jackson Hole (USA). At this event, which has been held annually since 1982 on the last weekend of August, investors will be paying close attention to Powell’s messages with an eye on the September monetary policy meeting, at which the Fed may already implement a rate cut. In fact, the minutes of the institution’s last meeting, published this week, already reflected the possibility of the first rate cut in September. Similarly, yesterday, as the Ibex 35 index gained almost 0.4%, the minutes of the European Central Bank’s (ECB) July meeting were released. Although it was decided then to keep official interest rates unchanged, the members of the institution’s Governing Council said that their next meeting in September would be a “good time” to reassess the level of monetary restrictions, stressing the importance of making this appointment. “with an open mind.” While Powell’s speech is the main event on Friday, today will also see the release of US macro data that markets are eagerly awaiting: new home sales and building permits issued in July. In the early stages of Friday’s session, at 9:05, the biggest gainers in the Ibex 35 index were Grifols (+2%), Banco Santander (+0.9%), Sabadell and Amadeus (+0.7%). , CaixaBank and ArcelorMittal (+0.67% in both cases), as well as Repsol and Acerinox, whose shares rose by around 0.6%. On the other hand, Naturgy (-0.22%) and Redeia (-0.15%) stood out on the downside, although the latter moved up a few minutes after the start of the session. The main European stock markets also opened positive this Friday, rising by 0.2% in Paris, London and Frankfurt. In turn, Milan woke up with a slightly higher increase, by 0.35%. At the opening of the stock market, the price of a barrel of Brent crude, the benchmark for the Old Continent, was trading at $ 77.33, up 0.1%, as was the rise in Texas, which rose to $ 73.11. On the foreign exchange market, the euro was trading at $1.1182 against the dollar, while on the debt market, the 10-year bond rate was down to 3.043%.