2023-10-03 18:44:13
The Ibex 35 closed this Tuesday with a fall of 1.65%, the most pronounced in two months, reaching 9,165 points, which is why it has chained two sessions of considerable corrections that have brought it back to late levels. last May and early June. Since last Friday’s close – when the index stood at 9,428 points – the Spanish index has accumulated a decrease of 2.78% due to the prospect of further tightening of the monetary policy of the main central banks.
The main Spanish market started this Tuesday’s session with losses, but managed to turn to soft profits encouraged by the rise in banking values; However, starting at noon a consistent downward trend began that was intensified by the declines on Wall Street, whose indices fell around 1.5% at closing time in the Old Continent.
Thus, in today’s session, the main indicator of the Spanish market has lost the level of 9,300 and 9,200 points after subtracting 153.5 points compared to yesterday’s close.
Analysts point to the increases in the yield of the ten-year US bond, which has reached its highest in a decade, at 4.7%, and the appreciation of the dollar against the euro, which anticipates a scenario of “high interest rates.” for longer.”
In that sense, in the foreign exchange market, the euro depreciated 0.15% compared to the “greenback”, to 1.0461 dollars, and stood at the lowest levels of last December.
In Europe, the profitability of the German bund closed at 2.964%, while in Spain it closed above 4% again – as it did last week for the first time in a decade – after adding seven points, with a premium risk located at 110 basis points.
In this context, only two Ibex 35 values closed with gains this Tuesday: Bankinter (+1.21%) and BBVA (+0.52%).
On the other hand, the losses have been led by Cellnex (-6.15%), followed by Acciona Energía (-4.76%), Colonial (-4.52%), Grifols (-4.33%), Mélia Hotels (-4.08%), Solaria (-4.01%), Iberdrola (-3.63%), Sacyr (-3.4%), Indra (-2.64%), ArcelorMittal (-2 .42%) and Unicaja (-2.33%).
Due to their weight in the selective as a whole, the declines in Repsol (-2.15%), Caixabank (-1.33%), Telefónica (-1.26%) and Inditex (-1.24%) have also stood out. .
The main European stock markets have also closed with losses, although none have done so on the scale of Madrid: London has lost 0.54%; Paris 1.01%; Frankfurt 1.06% and Milan 1.32%.
On the other hand, in the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.7%, to 91.34 dollars, while Texas crude oil was close to 90 dollars. 1.3% more.
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