2023-09-29 18:13:24
The Spanish Stock Market saves in extremis a month of September faithful to the myth of being one of the most turbulent of the year for investors. After closing in a draw on Friday, the Ibex-35 ends the period with a 0.8% cut at 9,428 points.
A balance that is not entirely negative considering that September has been the worst month of the year for other large stock markets such as Wall Street. Especially with the tension of recent days, marked by investors who have begun to become aware that central banks will keep interest rates at high levels for longer than expected.
At least, the market was able to count on some references on Friday that invite some optimism, with an evident brake on the recent inflationary tensions. Specifically, the CPI of the euro zone moderated to 4.3%, the lowest level in October 2021. And the data on the so-called personal consumption deflator in the US, one of the indicators most followed by the Federal Reserve, was also liked ( Fed) to decide its monetary policy and that it has fallen more than expected, from 4.3% to 3.9%.
The debt markets have not been slow to react either and, after the maximum levels seen in recent days, interest in bonds is beginning to moderate. In the case of the ten-year Spanish bond, which on Thursday exceeded 4% for the first time since the end of 2013, it fell sharply to 3.91%.
Precisely, this increase in financing costs has been the main factor for the stock markets to experience a much more moderate quarter than during the first half of the year. Specifically, the Ibex-35 accumulated a fall of 1.7% between July and September, compared to the 16% that rose between January and June.
Meanwhile, in the raw materials market, the price of a barrel of Brent registers slight declines, but remains above 92 dollars, after rising 8% in September, while the US West Texas crude oil stands at 91 dollars.
#Ibex #endures #tension #fall #September