It is precisely the titles of the banking sector that keep the Ibex on the rise. Santander, BBVA and Sabadell are up between 1 and 2.5%.
Although the day started with small descents, half morning European stock exchanges listed shy climbs. Pending the announcement that the Fed, the US Federal Reserve, the ibex registered an increase of 0.39%, the euro stoxx 50 of 0.19%, the Dax of 0.30% and the ACC 40 of 0.10%. They went on and on negative the London stock market (FTSE 100), which was down about 0.06%, and the Swiss stock market, which was down 0.03%.
Exactly, the titles that keep the Ibex 35 rising mid-morning the bankers. Banco Santander now earns 3.23%, BBVA 2.51% and Sabadell 1.68%. Unicaja and Caixabank also remain positive, as do titles such as Inditex, Repsol or Mapfre. Among those losing value today are Acciona, Endesa and Iberdrola.
The movements of the European stock markets today will be influenced by the messages that the fedwhich started yesterday with two days of meetings and will end this afternoon by announcing what to do with interest rates: raise them by 0.25% as most analysts expect, to try and contain inflation, or leave them as they are , after the turbulence experienced in the banking sector in the United States in recent weeks.
The latest increase, announced in February, was a quarter of a point, bringing interest rates to between 4.5% and 4.75%, the highest rate since September 2007.
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Source: EITB
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.
