The Ibex 35 struggles to maintain the level of 9,300 points

2023-10-11 09:58:37

The Ibex 35 has started this Wednesday’s session with a decrease of almost 0.6%which has led the selective to momentarily lose 9,300 pointsin a day marked once again by the conflict between Israel and the Islamic Resistance Movement (Hamas).

Specifically, the Madrid parquet opened the day in 9,298 integers, although minutes later it moderated its losses and recovered the level of 9,300 integers.

The decline of the Ibex 35 at the opening represents a bucket of cold water to yesterday’s good data, when the selective closed its best stock market session in more than half a year, after registering an increase of 2.19% that led it to climb to 9,352.1 points.

Investors will be paying attention today to the IMF Annual Assembly being held in Morocco and in which the president of the European Central Bank (ECB), Christine Lagarde, and the current member of the organization’s Executive Committee, Fabio Panetta, as well as the minutes of the last meeting of the United States Federal Reserve (Fed), which will be known after the closure of the European markets.

On the macro side, the markets will be waiting this Wednesday for the publication of the CPI in Germany, industrial production in Italy and the producer price index in the United States.

In the first stages of this session, the biggest rises Within the Ibex 35, Repsol (+0.88%), Bankinter (+0.35%) and Acciona (+0.30%) were recorded, while the biggest falls were recorded by Colonial (-1.75%), Aena (-1.29%), Inditex (-1.25%), Fluidra (-0.96%) and Merlin (-0.93%).

The main European stock markets also opened this Wednesday with falls. Paris lost 0.49%, while Frankfurt and Milan lost just over 0.3% and London lost 0.28%.

At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.4%, to 88.04 dollars, while Texas stood at 86.34 dollars, a 0.4% more.

In the foreign exchange market, the price of the euro against the dollar advanced to 1.0608 ‘greenbacks’, while in the debt market The interest required on the 10-year Spanish bond fell to 3.883%.