hit tracker
Wednesday, February 28, 2024
HomeLatest NewsThe Ibex 35 runs into nerves again for the US and loses...

The Ibex 35 runs into nerves again for the US and loses the 9,200 barrier

Date: February 28, 2024 Time: 18:31:05

Nervousness seizes the bags. The falls on Wall Street and Asia infected the stock markets of the Old Continent. The Ibex 35 starts the day with a decline of more than 0.85%, which leads it to lose the barrier of 9,200 points on a day when the United States will once again be the protagonist. The stagnation of the negotiations on the debt ceiling after the meeting between Republicans and Democrats will end this Tuesday without an agreement shook the New York stock market in which the Nasdaq and the S&P500 cut more than 1%.

Investors have begun to show some concern about the lack of understanding between the two parties and took the opportunity to collect benefits in those sectors that have risen the most so far this year. The increase in concern also affects the volumes of activity, which aim to be reduced pending the clarification of doubts about the possible ‘default’ in the United States. In addition, this Wednesday the minutes of the Federal Reserve of the last meeting in which to decide to apply a rate increase of 25 basis points are published, until placing the reference rate at 5.25%.

“We do not expect great news after the recent statements by its president, Jerome Powell, in which he came to anticipate that it is very feasible that the Fed will pause in its rate hike process, since the crisis that the Fed has gone through The US banking sector will play in favor of the interests of the central bank, by causing a restriction of credit, a fact that has similar effects on the economy as the rise in official rates ”, they point out from Link Securities.

In Europe, where the evolution of events on the other side of the Atlantic will be pending, the falls are pronounced in the four main places with cuts of over 1% in Paris, Frankfurt, Milan and London. Back in Spain, only Telefónica remained in positive territory, with an increase of 0.35%. The rest of the values ​​succumb to the red with Meliá (-3.11%), Merlin Properties (-2.67%), ArcelorMittal (-2%) and Aena (-1.92%) at the head of the cuts.

In other markets, the price of a barrel of Brent oil, a reference for the Old Continent, rises 0.94% at the opening, up to 77.56 dollars, while Texas rebounds 1.14% and reaches 73, 73 dollars. At the opening of the European Stock Markets, the price of the euro against the dollar stood at 1.0777 ‘green bills’, while, in the debt market, the interest demanded on the ten-year Spanish bond stood at 3.546%.

* 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.
RELATED ARTICLES

Most Popular

Recent Comments