Business · Markets · 5 hrs ago

Spain’s Ibex rises for a third session ahead of central bank meetings

Spain’s Ibex rises for a third session ahead of central bank meetings

Spain’s Ibex 35 rose for a third straight session, gaining 0.67% to close at 19,160.60 points.

The gains came as investors awaited policy updates from the US Federal Reserve, the European Central Bank and the Bank of Japan, due from Wednesday to Friday.

Markets expect the central banks to pause rate increases, while looking for signals about possible increases at their December meetings.

Oil was trading at $113 a barrel, adding pressure to central banks as they weigh their decisions.

Ferrovial shares jumped 8.44% after the company reassured investors about financing for its I-24 project in the United States.

Solaria rose 9.61%, helping lift the index as data-centre-related shares gained.

Investors are also watching a busy week of company results, including Microsoft and Alphabet, which were scheduled to report the next day.

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