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Sunday, August 14, 2022

The Ibex 35 closes below 8,200 points with a daily loss of 1.56%

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The Ibex 35 fell to 8,188 points in Wednesday’s session, which saw a 1.56% drop in a scenario marked by inflation and the holding of the NATO summit in Madrid.

United States President Joe Biden has underscored his administration’s commitment to defending European security, choosing to protect “every inch” of NATO.

On the other hand, it was published this Wednesday that Germany’s harmonized inflation rate stood at 8.2% in June, down half a percentage point from the previous month, after the government introduced measures to cushion the impact of rising prices.

In Spain, the Spanish consumer price index is known to have rocketed to 10.2% for petrol and food in June, the highest level since 1985.

European Central Bank (ECB) President Christine Lagarde has conceded that the economy is unlikely to return to a low-inflation environment as it was before the Covid-19 pandemic, which will force central banks to adjust after a decade of “heroic struggle” against disinflation.

Within the Ibex 35, the biggest drop was Grifols, with its shares falling by 12.33% due to a possible capital increase of almost 2,000 million euros with the aim of paying off the 6,500 million debt it has been carrying since last year, according to “El Confidential” .

You also have the setbacks of Fluidra (-9.38%), Colonial (-7.24%), Meliá (-6.1%), Solaria (-6.08%), Endesa (-5.58%) and Aena (-4.62%) highlighted.

On the contrary, they only made it to the “green” Bankinter (+1.66%), Telefónica (+0.56%), CaixaBank (+9.41%), Banco Sabadell (+0.33%) , Inditex (+0.23%) and to close PharmaMar (+0.15%).

The rest of the European equity markets also ended the day lower, down 0.15% in London, 0.9% in Paris, 1.73% in Frankfurt and 1.21% in Milan.

On the other hand, the price of a barrel of Brent quality oil, a reference for the old continent, stood at $117.8, down 0.15%, while Texas stood at $111.83, after rising by 0. 05% was up.

Finally, the euro traded at 1.0471 “greenbacks” against the dollar, while the Spanish risk premium was 107 basis points, with the interest required on the 10-year bond amounting to 2.572%.

Source europapress.es

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