The Ibex-35 lost 8,200 points in the last session of the week, marked by the most volatility of the so-called ‘witching hour’
World stock markets continued their decline after experiencing their worst session in three months on Thursday. After falling nearly 1.7% on Thursday, the Ibex-35 fell sharply again, losing 8,200 points in the last session of the week, also marked by strong volatility derived from the so-called ‘triple witch hour’, which coincides with the third Friday of March, June, September and December.
It’s one of the highest market volume days of the year due to the expiration of US futures and options (as well as options on individual securities), which eToro analysts say is generating “volumes nearly five times normal.” .
We’ll have to wait for Wall Street to open to see if investors manage to turn the situation around. Currently, the largest declines in the national park are for Inditex (-1.87%), Cellnex Telecom (-1.57%), Grifols (-1.47%), Telefónica (-1.39%), Ferrovial (-1.21%) and Red Eléctrica (-1.16%), while at the top of the table Caixabank (+0.48%), Indra (+0.44%), Merlin Properties (+0.38%) and Endesa (+0.34%).
It seems clear that the markets have been very complacent with the evolution of inflation expectations and with the attitude of central banks to contain them.
From the analysis department of Link Securities, in this sense, they indicate how, after the meetings of the main central banks, they took a real “reality bath” in verifying that all monetary organizations consider the same scenario: high and sustained inflation, growth weak economy with risk recession in some economies and long-standing high interest rates.
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.
