The Monetary Organization will announce another rate hike next Wednesday, while European stock markets are already closed
Few moves in European stock markets during a session marked by the meeting of the US Federal Reserve (Fed), whose decision on interest rates will be familiar with the Old Continent markets already closed. At the moment, the Ibex-35 is moving up just under 0.2%, which at least helps the selective to rise above 8,000 points, a level not seen on the market in the past month and a half.
In the first bars of the session, the biggest increases were scored by Sabadell (+0.86%), BBVA (+0.76%), Bankinter (+0.74%), Santander (+0.74%), Caixabank (+0.71%) and Aena (+0.57%), while on the other side Naturgy (-0.77%), Enagás (-0.76%), Iberdrola (-0.73%) and Endesa (-0.63%)
As Link Securities analysts recall, the main factor driving equity markets up in October was investors’ hopes that the US central bank, in line with what other monetary institutions have already begun, announces that it will continue the process of rate hikes. to slow down.
“The market expects the Fed to raise its benchmark rate another 75 basis points, to a range of 3.75%-4.00%, but expects Powell to wink at the markets and leave the door open by mid-December. kept, rates will “only” increase by 50 basis points,” the company said.
Meanwhile, on the commodities market, the price of a barrel of Brent, a benchmark in Europe, was above $95, while West Texas in the US traded above $89, up 0.88%.
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.
