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The Ibex 35 tries to close the week above 8,400 points

The Ibex 35 tries to close the week above 8,400 points

The Ibex hits the brakes on its climb at the end of the week. In the beginning of the day it lost 0.49%, to 8,389 points. Only eight Ibex values ​​managed to trade positively at the opening. It’s about Solaria, which is the only one that rises more than 1%. The group of values ​​to dodge the red numbers is finished with Enags, Iberdrola, Red Elctrica, Telefnica, Acciona, Cellnex and Siemens Gamesawhich in no case reaches half a percentage point of the increase.

Much more news in the negative area, where real estate stands out Merlin and Colonywhich suffer cuts of around 2%.

Other values ​​yield more than 1%. ArcelorMittal, Acerinox, Amadeus or Aenawhich was awarded, as EXPANSIN had hoped management of eleven airports in Brazil for 1,700 million euros.

The rest of the European markets start the day with declines similar to those in the Spanish stock market. The IS Euro Stoxx loses 0.34%, although the Dax The production of Germany 0.37% and the Shit French, 0.31%. For his part, the Ftse The British leave 0.15%.

The recent surge in Western stock markets over the past month and a half appears to be losing some of its strength, allowing the indices to recover almost half of what they lost in the first half of the year. “Investors, who have promised that central banks would begin to ease the accelerator in their rate hike process if inflation shows that it has peaked, are now more skeptical,” they explain from Link Securities.

Foreign exchange, debt and oil

in the market of foreign exchangethe euro yields 0.13% against the greenback and sets its exchange rate at 1.0079 dollars.

Regarding the debt, the risk premium The Spanish bond stands at 111 points, with the ten-year Spanish bond yield at 2.22% and the Bond yield at 1.11%.

The price of oil open down. the barrel of it Brent, of reference in Europe, loses 0.75%, to 95.87 dollars. On the other hand, the price of West Texasof reference in the United States, fell 0.73%, to 89.84 dollars.

central bank

The week ending today was a tough one for central banks, as they worried about the impact of inflation that has disappeared and uncertainty about the global economic outlook.

Ayer, Isabel Schnabel, German representative on the Executive Committee of the European Central Bank (ECB) I opened the doors for a new increase of half a point at the meeting on September 8.

The German economist confirmed that the inflationary pressures can be extended and she does not rule out a technical recession in the euro area. Just yesterday it was published. July inflation data, with renewed records in the euro area (8.9%) and the EU (9.8%).

Also on Thursday, the central banks of Turkey and Norway made opposing decisions on interest rates.

The IS Central Bank of Turkey surprised the market with a 100 basis point rate cut the reference interest rate to accept them at 13%despite inflation standing at 79.6% in July, the highest level in 24 years.

For his part, the Bank of Norway He preferred to follow the monetary path of other central banks in the West and raised interest rates by 50 basis points to take them to 1.75%.

This is the fifth consecutive rate hike since last September and the second consecutive increase of half a percentage point.

On Wednesday they met with the the minutes of the last Diet meetingwhich shows yesterday that the institution is chaired by Jerome Powell continue to raise rates in the United States, but slow down the climbs.

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