The Ibex 35 closes with a fall of 1% and endangers the entire 8,100

November 16 () –

The Ibex 35 has closed the session this Wednesday with a fall of 1.06%, which led it to jeopardize the level of 8,100 integers by closing at 8,101.4 points, on a day in which once again the Geopolitical tensions are protagonists after the incident registered in Poland where two people died in the border town of Przewodow due to an explosion caused by the impact of missiles.

Poland’s Prime Minister, Mateusz Morawiecki, has stated that, given the evidence gathered so far about the fall of two missiles near the Ukrainian border, he “probably” will not activate NATO’s article four, which implies the opening of consultations with other member states.

For his part, the Secretary General of NATO, Jens Stoltenberg, also indicated this Wednesday that the preliminary investigations suggest that it is “probable” that the death of two people in Poland was caused by the Ukrainian anti-aircraft defenses, “to defend the territory of a Russian attack”.

On the other hand, the European Central Bank (ECB) has warned in its report ‘Financial Stability Assessment’ of November 2022 that the risks to financial stability in the euro area have increased in a context of rising prices energy, high inflation and low economic growth, which makes a technical recession more likely, at the same time that financial conditions have tightened as central banks move to control inflation.

Among the macroeconomic references, the inflation data in the United Kingdom stands out, which in October stood at 11.1%, compared to the 10.1% registered in September, which represents the largest increase in prices since 1981. The CPI Core, which excludes the volatility of energy, food, alcohol and tobacco prices, rose 6.5% in the 12 months to October, in line with the previous month’s data.

In this scenario, the largest increases in the Ibex 35 have been registered by CaixaBank (+1.52%), Endesa (+1.04%), Bankinter (+1.02%), Red Eléctrica (+0.55%), Sabadell (+0.48%), Repsol (+0.46%) and Mapfre (+0.33%). On the other hand, Fluidra (-4.94%), IAG (-4.76%), ArcelorMittal (-3.90%), Grifols (-3.59%), Solaria (-3.16%), Colonial (-3.14%) and Amadeus (-3.03%) have led the biggest falls.

The rest of the European stock markets have also registered losses of 0.25% in London, 0.52% in Paris, 1.00% in Frankfurt and 0.68% in Milan.

Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 91.92 dollars, with a decrease of 2.05%, while Texas stood at 84.5 dollars, with a fall of 2.80%.

Finally, the price of the euro against the dollar stood at 1.0400 ‘greenbacks’, while the Spanish risk premium stood at 100 basis points, with the interest required on the ten-year bond at 3.006%.