The Ibex falls 2.4% in the week and closes below 11,500 for the first time since November

MADRID Dec. 20 () –

The Ibex 35 closed this week, the penultimate full week of the year, with a fall of 2.42%, reaching 11,467.30 points, a level that the index had not seen at the close of a session since November 13.

Only on this Friday’s day, the selective has recorded a boost of 0.24%, recovering some of the ground lost during the rest of the week. Furthermore, this Friday the so-called ‘quadruple witching hour’ occurred, as options and futures on indices and stocks expired, both in Europe and the United States.

During this week, investors have been paying attention to the monetary policy meetings of both the United States Federal Reserve and the Bank of England.

“The body chaired by Jerome Powell has taken a more aggressive turn than expected in its monetary policy, projecting fewer rate cuts in the face of the threat of Donald Trump’s new protectionist measures and their effects on inflation,” explained the analyst at XTB, Manuel Pinto.

Regarding Spain, this Friday it was announced that production in the services sector increased by 6.5% year-on-year in October, its largest increase since last April, when it rose by 7.1%.

In this way, at the end of the session Colonial was the main bullish value (+2.91%), ahead of Cellnex (+2.23%), Merlin (+2%), Amadeus (+1.91%) , Naturgy (+1.58%), Enagás (+1.43%) and Inditex (+1.32%).

On the opposite side, Grifols (-2.44%), Solaria (-1.89%), Bankinter (-1.84%), CaixaBank (-1.40%), Banco Sabadell (-1.21%) have been placed ) and ArcelorMittal (-0.98%).

The Ibex 35 has been the only one of the main European indices that has avoided losses this Friday. London has fallen 0.16%; Paris, 0.17%; Frankfurt, 0.42%; and Milan, 0.06%.

In the raw materials market, a barrel of Brent stood at $72.68, 0.27% less, while West Texas Intermediate (WTI) reached $69.20, 0.26% less.

In the debt market, the yield on the Spanish 10-year bond has reached 2.981%, from 3.006% at Thursday’s close. In this way, the risk premium has been reduced by seven tenths, to 69.3 basis points.

In the currency market, the euro appreciated 0.65% against the dollar at the end of the European session, reaching an exchange rate of 1.0431 ‘greenbacks’ for each unit of the community currency.

Next week will be shorter than normal at the stock market level, with the Stock Market closed on December 25 and 26. On December 24th it will only be listed until 2:00 p.m. Among the macro agenda is the publication of Spain’s GDP on Monday, without further important economic references the rest of the days.