The selective clings to 8,900 points after the biggest drops in the opening were taken by IAG, Amadeus and Colonial
The week started on Monday, breaking last time’s bullish streak but remaining above 8,900 points, with the tourism sector leading the way. And Tuesday’s session also started downward, falling 0.22%, holding on to that level on a day marked by the return to activity on Wall Street and the price of a barrel of Brent oil, reference for Europe, rose to $124.03, the highest price since early March, after the Twenty-seven agreed to an embargo on Russian oil, though it is temporarily exiting the oil pipeline that provides Russia with the sanctions. Hungary.
In particular, the price of a barrel of Brent oil rose 3.85% from yesterday’s closing, reaching its highest level since March 9, after crossing the $124 per unit threshold.
Similarly, the price of a barrel of West Texas Intermediate (WTI) oil, a benchmark for the United States, stood at $119.42, compared to $115.07 at Monday’s close, also the highest since March 9.
In this way, the Madrid selective started the session clinging to the psychological level of 8,900 points, on a day when the CPI data for the eurozone will also be released.
In the early stages of Tuesday’s session, the biggest falls were scored by IAG (-2.33%), Amadeus (-1.48%), Colonial (-1.09%), Cie Automotive (-0.76% ), Santander (-0.55%), Caixabank (-0.53%) and Cellnex Telecom (-0.52%), while on the other hand Repsol (+1.94%), Sabadell (+0.53 %), Endesa (+0.38%), Solaria (+0.32)%) and Enagás (+0.21%).
The rest of the European stock markets opened with a 0.52% drop in the case of Frankfurt and 0.31% for Paris, while London recorded a 0.22% increase.
Finally, the price of the euro against the dollar stood at 1.0747 ‘greenbacks’.
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.
