economy and politics

The Ibex 35 falls 1.25% and moves away from 7,900 points after the Fed

The Ibex 35 falls 1.25% and moves away from 7,900 points after the Fed

Nov. 3 () –

The IBEX 35 has noted a 1.25% decrease in the session this Thursday, which has led him to lose the barrier of 7,900 points, after the president of the Federal Reserve of the United States (Fed), Jerome Powell, has considered that it is “very premature” to think about a possible pause of the increases in interest rates in the country, while indicating that the price of money has yet to go more into restrictive territory.

Powell moved this message yesterday afternoon, when he also announced that the FED had unanimously approved a fourth consecutive rise in the country’s interest rates of 75 basic points, until they are located in an objective range of between 3.75% and the 4%.

Investors have met on Thursday the decision of the Bank of England to raise the reference interest rate for their operations in 75 basic points, which will be 3%, its highest level since 2008, in response to the escalation of inflation, which will be around 11% in the fourth quarter of the year.

This rise is the most aggressive by the entity since 1989 and extends to eight consecutive meetings the sequence of increases in the price of money undertaken by the Bank of England, which adopted the decision for a majority of seven votes in favor and two against, since one of the directors preferred to raise half a percentage point and another a rise of a quarter of a point.

On the other hand, the member of the Executive Committee of the European Central Bank (ECB) Fabio Panetta has estimated that the agency will stop raising some types before inflation falls to the objective of 2%, while betting on the rhythm of the rhythm of monetary normalization is done with some measure due to the current environment and its consequences.

In Spain, the public treasure has placed 4,207.62 million euros on Thursday in a new auction of bonds and obligations, within the plan First time last year.

In addition, it has been known that the number of unemployed registered in the offices of public employment services fell by 27,027 unemployed in October in relation to the previous month (-0.9%), its greatest setback in this month within the historical series , thanks, above all, to the behavior of the service sector and agriculture.

In this scenario, the Spanish selective has closed at 7,868.9 points. The highest increases in Ibex 35 have been presented by Repsol (+1.45%), Indra (+1.37%), Pharmamar (+1.26%), Mapfre (+1.09%) and MeliĆ” (+0,

On the contrary, in the negative field they have highlighted the descents of Rovi (-5.46%), ferrovial (-4.1%), Sacyr (-4.07%), Cellnex (-3.64%), Merlin (-2.71%) and colonial (-2.43%).

The rest of the European stock markets have also ended with falls, with the exception of London, which has advanced by 0.62%. The declines have been 0.54% in Paris, 0.95% in Frankfurt and 0.43% in Milan.

The price of Brent quality oil barrel, reference for the old contine 1.16%drop.

Finally, the price of the euro against the dollar was placed at 0.9746 ‘green tickets’, while the Spanish risk premium was 110 basic points, with the interest required of the ten -year bonus at 3,312%.

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