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Monday, June 27, 2022

The Ibex 35 falls 2% mid-session and struggles to hold 8,000 points

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Spain’s stock market’s main indicator, the Ibex 35, fell 2% mid-session and struggled to hold 8,000 points pending a speech by United States Federal Reserve (Fed) President Jerome Powell. before Congress this Wednesday.

More specifically, at 12:00 p.m., the national selection left 164.5 points, equal to that 2%, and stood at 8,071 whole numbers. The other European stock markets were also down, with losses of 2.45% in Milan, 2.11% in Frankfurt, 1.75% in Paris and 1.45% in London.

Investors are awaiting speeches by United States Federal Reserve (Fed) President Jerome Powell before Congress this Wednesday and before the Senate this Thursday.

ArcelorMittal was the worst-performing company in the Ibex 35 and the overall Spanish market mid-session, down 7.31%, followed by Acerinox and Repsol, down 5.08% and 4.94% respectively. Rovi Pharmaceutical Laboratories is the only stock trading in the green, up 1.49%.

On the continuous market, Nueva Expresion Textil and Ingotes Especiales stood out, down 5.76% and 5.65%, respectively, while on the earnings side, GAM and Aedas stood out, down 4.72% and 3.16%, respectively.

The barrel of Brent quality oil, a reference for the old continent, stood at $109.98 mid-session, down 4.18%, while the Texas stood at $104.4 after moving around 4.67% had fallen.

Finally, at 12:00, the euro was trading at 1.0519 “greenbacks” against the dollar, while Spain’s risk premium was at 106 basis points, with the interest required on the 10-year bond amounting to 2,754%.

Source europapress.es

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