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Tuesday, September 26, 2023
HomeLatest NewsThe Ibex 35 accentuates the fall and loses the 9,300 points weighed...

The Ibex 35 accentuates the fall and loses the 9,300 points weighed down by IAG and Naturgy

Date: September 26, 2023 Time: 07:23:54

The Ibex 35 is on its way to closing its fourth consecutive day of falls. The Spanish stock market reference starts this Thursday with a 0.7% cut that leads it to lose 9,300 points, after losing more than 3.2% only in the first two sessions of August. The collection of profits weighs on the Spanish park, which erases all the profits harvested during the last three weeks. The slowdown registered is in line with that experienced in Paris (-0.9%), Frankfurt (-1%), Milan (-0.67%) and London (-0.9%).

The stock markets will thus save the Bank of England, which this Thursday will decide whether to raise interest rates by another 25 basis points. Regarding monetary policy, investors are waiting for the employment report in the US this Friday after private job creation has skyrocketed above forecasts, figures that could put the Federal Reserve between a rock and a hard place. At the macroeconomic level, the PMI figures for services in the euro area are also published.

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Back in Spain, the index is weighed down by IAG and Naturgy, which show a slowdown of 2.4% and 2.3%, respectively. Meliá (-1.7%), ArcelorMittal (-.3%) and Acerinox (-1.3%) also stand out. On the contrary, only Rovi (+1.37%), Unicaja Banco (+0.5%), CaixaBank (+0.4%), Logista (+0.12%), Acciona Energía (+0, 29%) and Mapfre (+0.11%). Telefónica, for its part, moderates yesterday’s falls and leaves 0.4%.

At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.31%, to $82.94, while Texas stood at $79.29, a 0.3% less. In the currency market, the price of the euro against the dollar stood at 1.0924 ‘green bills’, while the Spanish risk premium was around 104.4 basis points, with the interest required on the 10-year bond at 3.614%. .

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

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