The Ibex-35 returns 0.15% and moves away from 8,400 points, with little response from oil to the top of the Russian market
The stock market year is practically over and no one wants to make a mistake that adds to the losses that most investors are already piling up during the year. The Ibex-35 lost barely 0.14% to 8,370 points, in a week marked by little activity due to the two national holidays that will undoubtedly reduce trading volume and therefore increase market volatility.
The biggest gains in the session were for Grifols, which rose 3.63%, followed by Aena (+2.44%), Solaria (+2.15%) and Merlin (+1.96%). In the red part of the table, Indra (-2.56%) and other major stocks such as Telefónica (-1.26%), Inditex (-1.07%) or BBVA (-1.03%) led.
Investors await central bank reaction to the latest macroeconomic data. And, at least in the US, all indications are that the Federal Reserve (Fed) has free rein to remain aggressive in its monetary policy.
“The US employment data, released last Friday, complicates his actions, as they show that the increases in official rates he has implemented have not served to cool the US labor market at this point, something that is one of its objectives of the central bank,” say Link Securities analysts.
In addition, they recall that in November the interannual growth rate of average hourly income accelerated again, a variable with clear inflationary connotations, as it is a clear effect of the second round of inflation, effects that the Fed and the rest of the banks are trying to centralize at to exterminate the root.
Investors’ initial interpretation of the release of these numbers was as expected, and that’s what we share: The Fed will be forced to raise its official interest rates for an extended period of time and to levels higher than initially expected to cope. offer to the cooling of the workforce.” market,” the experts explain.
The market is also closely following the evolution of the oil price, which has hardly reacted to the European Union’s decision to impose a limit of $60 per barrel of Russian crude oil.
Russia’s response is not long in coming and the government has announced that it will stop selling crude oil to the countries that have signed the agreement. But the tension has not been enough to change the commodities market, at least for now. The price of a barrel of Brent quality oil, a benchmark in Europe, was around $85 on Monday, with a slight drop of 0.4% as European markets closed, while US West Texas traded at around $79.5. lay. dollars.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
