The selective Spaniards go from a 1% gain to a flat plagued by another session of doubt on Wall Street
The rebound attempt presented by the European stock markets from the very beginning ultimately remained a mirage. After losing more than 2% in Monday’s session, the Ibex-35 parted ways almost flat on Tuesday at 8,139 points, well short of the intraday highs that had pushed the roster above 8,200 in the best moments of the session. .
Investors’ doubts about the opening of Wall Street, which already started the week with sharp falls of more than 4% for the Nasdaq technology index, exhausted the desire for a rebound in Europe.
The biggest falls within the National Prosecutor’s Office were presented by Meliá (-9.97%), IAG (-3.73%), Almirall (-2.34%), Amadeus (-2.06%), Siemens Gamesa (- 1.99%) and Inditex (-1.79%). On the contrary, on the positive side, Grifols (+6.31%), Sabadell (+3.08%), Bankinter (+1.74%), Rovi (+1.68%), Acciona (+1.5%), BBVA (+1.33%) , Santander (+1.29%) and Red Electrica (+1.2%).
Doubts about the evolution of the economic recovery in China, the start of interest rate hikes by central banks and fears of a recession continue to weigh heavily on global equity markets. Bad news continued to come from China regarding the lockdown of key urban centers, with the government reaffirming its ‘covid-zero’ policy to fight the new wave of the pandemic, a policy that is already beginning to take a heavy toll. are demanding the country’s economy,” Link Securities analysts warn.
The Spanish stock market has failed to break out of a downtrend, losing 5% in the past five sessions.
The fear is also reflected in the debt markets, with yields soaring in recent days which, although they calmed down on Tuesday, kept yields on the 10-year US bond above 3%, while those on German bonds are low. around 1.1%.
In the commodities market, the price of oil is also continuing on the downward path after falling about 6% yesterday, with a barrel of Brent, a benchmark in Europe, trading at $102, while the US West Texas is poised to regain USD$. 100 to lose .
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.
