The Ibex-35 loses 8,000 points ahead of central bank announcements of new cash price hikes
The Ibex-35 continues to trade below 8,000 points and has already fallen 1% as a result of the tightening of central banks, which are prepared to cut inflation in both the United States and the eurozone. although this comes at the expense of economic growth.
The stock market today echoes the words of Federal Reserve (FED) President Jerome Powell at the Jackson Hole central bankers’ summit, in which, while expecting a softer position ahead of next rate hikes, he reiterated his intention. to stop inflation. The message, in short, warned all markets in the US. Today that contamination reaches Europe
In this context, the Ibex 35 traded at 7,955 integers, with most values in ‘red’. Solaria (-3.93%), Aena (-3.26%), Meliá (-3.24%), Amadeus (-2.66%), Grifols (-2.58%), Naturgy (-2, 30%), Acciona (-2.23%) and Acciona Energy (-2.16%) showed the largest declines. On the other hand, only Colonial (+0.92%), Banco Sabadell (+0.37%), ArcelorMittal (+0.34%), Telefónica (+0.19%) and Acerinox (+0.07%).
The rest of the European Squad also posted mid-session losses, with declines of 0.70% in London, 1.83% in Paris, 1.57% in Frankfurt and 1.32% in Milan.
The price of a barrel of Brent oil, a benchmark for the Old Continent, stood at $101.69, up 0.69%, while the Texas traded at $93.93, following a 0.93 revaluation. %.
In the foreign exchange market, the euro traded slightly below par with the dollar at 0.9964 greenbacks, while in the debt market the yield on the 10-year Spanish bond was above 2.701% and the Spanish risk premium was 121 basis points.
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.
