Nov. 2 () –
The Ibex 35 was trading in the mid-session this Wednesday with a fall of 0.22%, which led it to stand at 7,980 points, after having started the session exceeding the level of 8,000 integers.
Today investors are awaiting the monetary policy meeting of the United States Federal Reserve (Fed), in which it is expected to approve a new rise of 75 basis points in interest rates.
Renta 4 analysts point out that the slowdown observed in the latest leading indicators could lead to a moderation in the pace of increases, so the market would be discounting a rise of 50 basis points at the next Fed meeting, scheduled for December 14.
Thus, investors are going to be attentive to the tone of the Fed Chairman Jerome Powell’s speech, in case it could indicate a “pivot” in interest rates, “something that is not yet very clear in a context in which the labor market [estadounidense] strong stay”.
On the other hand, the activity of Spanish factories deteriorated again in October, as reflected in the purchasing managers’ index (PMI) prepared by S&P Global Market Intelligence, which fell to 44.7 points from 49 in September, which It marks its fourth consecutive monthly contraction and its worst reading since May 2020.
In the eurozone, this PMI index fell to 46.4 points from 48.4 the previous month, which represents the worst reading of the data in 29 months as a result of the impact of inflation and uncertainty regarding the economic outlook of the region.
In this context, the biggest increases were recorded by BBVA (+0.99%), Acciona Energía (+0.98%), CaixaBank (+0.74%), Red Eléctrica (+0.48%), Naturgy ( +0.40%) and Telefónica (+0.29%), while on the opposite side were Solaria (-2.43%), Acerinox (-2.13%), IAG (-1.53%) and Colonial (-1.49%).
The rest of the European stock markets were trading lower, with a drop of 0.41% in London, 0.15% in Paris and 0.05% in Frankfurt. Only Milan appreciated by 0.16%.
Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood this Wednesday at a price of 94.70 dollars, with an increase of 0.05%, while Texas stood at 88, $41, up 0.03%.
Finally, the price of the euro against the dollar stood at 0.9893 ‘greenbacks’, while the Spanish risk premium stood at 108 basis points, with the interest required on the ten-year bond at 3.220%.
