economy and politics

The Ibex 35 deepens its fall to 1.5% and loses 7,900 points

The Ibex 35 deepens its fall to 1.5% and loses 7,900 points

Sep. 20 () –

The Ibex 35 has lost the level of 7,900 points after extending its fall to 1.5% in the session on Tuesday, in which investors are waiting for the Federal Reserve’s decision on interest rates, that could surprise with a rise of 100 basis points.

The environment continues to be marked by the energy crisis and the fear of a further tightening of monetary policy in the face of the new inflation data.

The Bank of Sweden (Sveriges Riksbank), the world’s oldest central bank, has decided to raise the country’s interest rates by one point, to 1.75%, with the aim of curbing inflation, which is ” too high.”

At the macro level, it has been published that the Japanese consumer price index (CPI) closed the month of August at 3%, which represents an increase of four tenths compared to the increase in prices registered in the previous month and the highest year-on-year rate observed in the country since October 2014.

In Spain, the Public Treasury has issued 5,000 million euros in a new twenty-year syndicated bond for which it has received a high demand of more than 40,000 million euros, which reflects the investor appetite for Spanish debt securities.

Likewise, the debt of all public administrations reached 1,486 billion euros in July, a new historical maximum, after growing 0.8% in the monthly rate, for which it has chained three consecutive months on the rise, according to data published this Tuesday by the Bank of Spain.

In this scenario, the Ibex 35 closed at 7,873.1 points, with most of its values ​​negative. The most pronounced losses were those of Sacyr (-7.34%), Colonial (-4.49%), Merlin (-4.31%), Cellnex (-4.1%), Solaria (-3.14 %) and Acciona (-3.01%).

On the contrary, only Grifols (+0.9%), CaixaBank (+0.73%), Sabadell (+0.58%), PharmaMar (+0.45%) and IAG ( +0.12%).

The rest of the European stock markets have also closed the trading day with losses, of 0.61% in London, 1.35% in Paris, 1.03% in Frankfurt and 1.66% in Milan.

On the other hand, a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 92.25 dollars, with a decrease of 1.9%, while the Texas stood at 83.9 dollars , after falling 2.13%.

Finally, the price of the euro against the dollar stood at 0.9992 ‘greenbacks’, while the Spanish risk premium stood at 114 basis points. The ten-year bond yield has exceeded the 3% threshold, pending the Fed, standing at 3.067% at the close of the session.

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