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HomeLatest NewsThe Ibex 35 accelerates with the tailwind coming from the US over...

The Ibex 35 accelerates with the tailwind coming from the US over the debt ceiling

Date: March 1, 2024 Time: 06:42:11

The Ibex 35 steps on the accelerator and rebounds almost 0.5% at the opening of the markets, which allow it to settle at 9,249 points. The possibility of reaching an agreement in the US to raise the debt ceiling flooded Wall Street and later Asia with optimism. Now that bullish trail reaches Europe, where the main European markets are dyed green and clears up doubts about a possible default in the economic powerhouse.

The lack of macroeconomic references in the Old Continent gives greater prominence to the United States, a country in which the requests for unemployment benefits will be announced months ago, the entry into recession of the US economy. “Given the high uncertainty that this issue is increasing, we hope that many investors will choose to continue on the sidelines of the stock markets, waiting for a final solution, which will once again be noticeable in the activity in the markets, which will continue to be reduced. “, they specify from Link Securities.

In this context, the stock markets of the Old Continent have risen. Frankfurt rebounds almost 1%, Milan advances 0.76%, Paris accelerates 0.6% and London rises 0.54%. Back in Spain, tourist values ​​once again led the rises with Meliá (+1.9%), Amadeus (+1.3%) and IAG (+1.2%) in the lead. Only Unicaja Banco (-0.75%), ArcelorMittal (-0.35%) and Santander (-0.08%) registered falls.

Regarding raw materials, the price of a barrel of Brent oil, a reference for the Old Continent, stands at a price of 76.69 dollars, with a decrease of 0.55%, while Texas falls back to 72.56 dollars, with a drop of 0.37%. Finally, the price of the euro against the dollar stands at 1.0827 ‘greenbacks’ at the opening of the market, while the Spanish risk premium stands at 106.2 basis points, with the interest required on the ten-year bond at 3,423 %

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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