Profit-taking is imposed on the stock markets. The meeting of the European Central Bank (ECB) this Thursday, about which there is great uncertainty about whether it will announce a pause in rates after nine consecutive increases or maintain its monetary tightening strategy, leads investors to bet on sales in the eurozone. In this sense, Milan drops 0.5%, Frankfurt falls 0.3%, Paris (0.1%). On the contrary, London stands out and accelerates by 0.3%.
This Thursday’s Meeting Adds An Extra Dose of Volatility to the Market, Since the New Macroeconomic Picture of the Region Will Also Be Announced, For Which IN PRINCIPLE A downward revision of the growth estimates and a report of inflation, which would point directly to a stagflation scenario, a “very worrying scenario,” according to Link Securities.
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Back in Spain, the index is weighed down by Aena (-2.8%), Telefónica (-1.7%) and IAG (-1.45%). On the contrary, the biggest increases come from Indra, Inditex and Rovi, with advances that range between 1.26% and 0.75%. Outside of the Ibex, Applus+ stands out, which rose almost 5% after learning that ISQ shares and TDR have launched a counter-takeover bid.
At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.6% at the opening, to 92.45 dollars, while Texas stood at 89.08 dollars, 0.6% more. . Regarding currencies, the price of the euro against the dollar advances to 1.0741 ‘greenbacks’, while in the debt market the interest required on the ten-year Spanish bond moderates to 3.707%.
