Las european stocks are showing signs of weakness on Wednesday after US stock indices closed mixed with better-than-expected business results, albeit warning that it will be a difficult year. He Ibex 35 it has yielded a slight 0.1%, and is stuck again in its assault at 9,000 points. Wall Street registers decreases of around 1% at the close of the European Stock Markets.
For some time now, good data on economic activity has sometimes led to worse behavior in the markets. Today, it has been known that the index Business Trusted IFO in Germany it rose in January to 90.2 points from 88.6 in December, given less pessimistic expectations. This, once a reason for joy in the parquets, has become a reason for greater caution in the face of the possibility of more determined measures by central banks in their fight against inflation without harming growth. The Federal Reserve (Fed) will meet on Wednesday of next week and, on Thursday, it is the turn of the ECB.
The market consensus expects a rise of 25 basis points in the case of the US central bank, while for the European, analysts foresee a rise of 50 basis points.
The Ibex moves in line with the rest of Europe. Within the Spanish selective, Acerinox (today it has discounted the dividend that it will pay next Friday) has been the most bearish value with a fall of 3.18%. BBVA, for its part, cut 2.16% and Telefónica, 1.69%. Rovi climbs to the first position of the increases with a rebound of 3.38% and Aena registers 2.84%.
In Asia, the markets that have operated have generally closed with gains, although the lack of such relevant references as the Mainland China, Hong Kong and Taiwan Stock Exchanges, which continue to be closed for the Lunar Year celebration, has been left behind. notice in the volumes of activity, which have been lower than usual.
At the business level, it will be an intense day in the US, with fourth-quarter results from Tesla, AT&T, IBM and Boeing. The aircraft manufacturer lost 17% more in 2022, up to 4,646 million euros, compared to the ‘red numbers of 3,944 million euros the previous year. For its part, the American telecommunications company AT&T lost 7,835 million euros after the re-founding of DIRECTV together with TPG Capital.
On a global scale, the stock markets are posting strong gains this year after a torrid 2022, based on expectations that inflation is close to its ceiling and that the rise in interest rates in the US will be reduced. Furthermore, the dismantling of Covid controls in China and the reopening of its borders have further boosted investor sentiment. “The market continues to trade for a dream scenario that inflation has peaked and then declines sharply, but not spilling over,” Rabobank’s Michael Every told Reuters.
In the raw materials market, Brent oil, a benchmark in Europe, stands at a price of $85.99, with a decrease of 0.16%. Finally, the value of the euro against the dollar was placed at 1.0864 ‘green bills’.