After the strike in the US, losses are imposed on the stock exchanges

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The Ibex-35 loses 8,400 points and breaks its six-week winning streak. The good employment figures of the world’s leading power give the Fed free rein to raise interest rates further

Good news for the economy, bad market reaction. The latest US employment report confirmed labor market resistance in the world’s largest economy, which created 263,000 jobs in November. While the figure is low from the previous month’s 284,000, it is much higher than the 200,000 expected by market consensus. For its part, the unemployment rate remained at 3.7%

And that, which is great news for the recovery, sparked another exit from risky assets by investors yesterday, given evidence that the Federal Reserve (Fed) has free reign to continue raising interest rates sharply in its fight against inflation . And, if necessary, in a more aggressive way to avoid the feared second-round effects of persistent inflationary pressures. Especially after publication that wages rose by 0.6%, double what was expected.

The main European stock exchanges were in the red after the publication of the figures. And the Ibex-35 lost 0.3% to close below 8,400 points, with the biggest losses coming from Acciona (-4.85%), Solaria (-2.13%) and Acciona Energía (-2%). During the week, selection fell 0.4%, ending a streak of six straight gains.

Top of the table on Friday was Indra, which rose 4.77% on new rumors about the possibility of the company splitting into two, its Transport and Defense division, and Minsait on the other; following the public request of Amber Capital founder Joseph Oughourlian.

According to Bloomberg, several board members have discussed actions regarding Indra’s future, though none of these conversations have been formal.

The possible spin-off or partial sale of Minsait has been on Indra’s table for the past few years as a way to increase the value of the share, as the sum of the shares of both companies would be worth more than Indra’s current capitalization, almost 1,900 million . euros.

Meanwhile, oil prices in the commodity market are recovering ahead of the expected meeting of OPEC+ members on Sunday, in which another production cut could be decided at a time when crude oil is trading well below its highs of $120 for the year.

At the moment, a barrel of Brent – a benchmark in Europe – is trading around $87, while West Texas in the US is around $81.

Source: La Verdad

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