Capricorn has been released. The selective index managed to close above 10,000 points for the first time since the Covid 19 pandemic. The Spanish index rose 0.68% to 10,003.64 points.. This level has not been seen at the close since February 19, 2020, when it closed at 10,083 whole numbers. Since then, the Ibex index has not touched the psychological barrier it reached after November, when it set several annual highs.

The challenge now for Ibex will be to close above that 10,083 pips. and forget about the pandemic and all its consequences for the market

An increase was recorded in the Spanish and European markets. The past few days have also been characterized by calm as investors cling to the idea that they have already seen the latest rate hikes from both the European Central Bank and the US Federal Reserve. They also predict that rate cuts will begin in mid-2024..

Returning to the selective, Ibex ended positively thanks to the pressure Merlin Nepertiz and banks that registered the greatest growth. The real estate company’s shares closed up 4% on an upgrade from Goldman Sachs.

Banks registered on this day because Christine Lagarde, the President of the ECB, confirmed this Monday a hard signal. Lagarde insisted on keeping interest rates at current levels “for quite a long period.” He also warned that inflation could rise slightly again in the coming months. So, BBVA grew by 2.2%; Unicaja1.87%; Santander Bank it was overvalued by 1.61%; Bankinter1.56%; Sabadell Bank, 1.28%; And KaishaBank increased by 0.84%.

Another company that took center stage on Tuesday was Telefonica. This Monday it became known about the possibility of ERE in the telecommunications company, which will affect about 2,500 employees. Despite this, Telefonica shares rose 0.54%.

In the waterfall part Mapfre became a red lantern after falling 2.57%. Grifols and Solaria followed at the bottom of the table with falls of 1.75% and 1.02% respectively.

In other markets Euro will increase by 0.5% to $1.1. Trunk Brent, the European benchmark, rose 2.4% to $81.88. In its turn, WTI It was trading up 2.67% at $76.86. Gold is rising and consolidating above $2,000 per ounce ($2,040).