The Ibex 35 continues with the falls and yields more than 1.23% after the half session, which makes it lose 9,200 points. The fear of further rises in interest rates has sown doubt among investors, who opt for profit-taking and return the selective to levels of two weeks ago. In the midst of the final tranche of business results and with a limited macroeconomic agenda, the focus this Wednesday will be on the minutes of the Federal Reserve, which will be published after the market closes in Europe. Wall Street increased its worst day so far this year yesterday, with the Nasdaq losing 2.5%. The Dow Jones and the S&P500 lost 2%.
The preliminary readings of the PMIs for February have expanded again in the month, supported by the renewed strength of the services sector and the fact that inflation, especially the core component, continues without moderating has raised expectations. . In Germany, business confidence climbed in February to the highest in June since 2022.”Investor fear is now focused on the fact that higher interest rates than initially estimated and for longer than projected may end up causing in the medium and long term a hard landing of these economies”, specify from Link Securities.
The stock markets of the Old Continent keep falling and wake up in red. Milan lost almost 1.5%, London 1%, Paris 0.8% and Frankfurt 0.67%. Back in Spain, red prevails in practically all values. Only Telefónica (+0.37%) is saved. Grifols falls almost 8% after the imminent commission of its executive president. It is followed by Aena (-2.9%), Unicaja Banco and Banco Sabadell, both with a decrease of 2.7%, and Acerinox (-2.6%).
Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 81.95 dollars, with a decrease of 1.1%, while Texas stood at 75.23 dollars. , with a fall of 1.13% Finally, the price of the euro against the dollar stood at 1.0627 ‘greenbacks’, while the Spanish risk premium stood at 98.3 basis points, with the interest required to the ten-year bond at 3.517%.
