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Tuesday, August 16, 2022

The Ibex 35 is up 1.1% on the open and recaptures 8,000 points

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The Ibex 35 started Wednesday’s session up 1.1%, leading the selectives to regain the 8,000 integers level lost yesterday, on a day marked by the release of fresh macro data and the Fed -Protocol was marked.

In particular, the selective Madrid index started the session at 8,047 points, in a context that continues to be characterized by high inflation, central bank decisions, fears of an economic slowdown, the war between Russia and Ukraine and the euro’s loss of ground against the dollar.

Like Madrid, the major European markets woke up to positive figures this Wednesday, with gains of 1.5% in London and Paris and 1.1% in Frankfurt.

Within the Ibex 35 almost all registered values ​​increase in the first bars of the session. The largest increases were recorded by IAG (+3.9%), Inditex (+2.7%), Meliá (+2.2%), Aena and ArcelorMittal (+1.9%), as well as Amadeus, BBVA and Santander with increases of 1.6% in the three cases. Among the declines, Colonial stood out, returning 2.1% at open.

On the other hand, the price of a barrel of Brent quality oil, a reference for the old continent, traded at $104.60, up almost 1.8%, while the Texas at $100.89, up 1.4% lay %.

In the forex market, the euro lost positions against the dollar, trading at 1.0260 greenbacks. The euro’s exchange rate against the dollar yesterday fell to its lowest level since December 2002, amid rising risks of a recession in the euro zone and the European Central Bank’s (ECB) easing of aggressiveness in normalizing monetary policy.

In the debt market, the Spanish risk premium was around 111 basis points, with the interest demand for the 10-year bond at 2.314%.

Source europapress.es

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