The minutes of the last meeting of the US central bank make it clear that the rate hikes will continue, although the pace will depend on the evolution of the economy
Doubts on the European stock markets after the publication of the minutes of the Federal Reserve (Fed) in the US and the fall on Wall Street. Investors are trying to digest a document in which the central bank isn’t done with providing more clarity about the future of its monetary policy, except that the pace of next rate hikes will depend on activity data, inflation and employment they get to trade for each other. meeting.
Following the document, markets now expect a 65% probability that the Fed will raise its benchmark rate by 50 basis points in September. But still 35% expect the increase to be 75 basis points.
This match by match bet doesn’t quite convince investors and the Ibex-35 is torn between red and green, although it manages to stay around 8,450 points.
Repsol (+1.82%), Fluidra (+1.22%), Rovi (+0.88%), Arcelormittal (+0.86%) and Colonial (+0.78%) lead the increases, while in the negative field Solaria (-2.1%) Acciona (-1.16%), Bankinter (-0.63%), Cellnex (-0.61%) and Sabadell (-0.59%) stood out.
According to Link Securities analysts, trading volumes will remain very low these days, “raising the volatility of many securities from time to time.”
Meanwhile, in the commodities market, the price of a barrel of Brent oil, a benchmark for the old continent, stood at $95.09, up 1.56%, while the price of Texas was $89.29, after rising. from 1.34% .
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
