Sep. 27 () –
The Ibex 35 has deepened its fall to 0.84% in the session this Tuesday, which has led it to lose the level of 7,500 points, in an environment that continues to be marked by the messages from the central banks on the stage of inflation and the fear of an economic recession.
The selective ended the trading day at 7,445.7 points, with Sabadell (-6.47%), Grifols (-4.98%), Merlin (-3.3%), Bankinter (-3.26%) , Colonial (-2.85%) and Santander (-2.62%) at the head of the declines.
On the positive side, Acerinox (+2.63%), Solaria (+2.41%), Repsol (+2.38%), Cellnex (+2.35%) and Rovi (+2.07%) stood out. .
In the United States, consumer confidence has rebounded more than expected and has returned to figures for April 2022. Bankinter analysts point out that the market will give a negative reading, since “it demonstrates the strength of consumption and supports the tone ‘ hawkish’ from the Fed, showing that there is still room for action to control inflation”.
In Spain, the governor of the Bank of Spain, Pablo Hernández de Cos, anticipated last night that the agency plans to revise down its estimates of economic growth in 2023 and raise its inflation forecasts for the years 2022, 2023 and 2024, in line with those made for the euro area.
Along the same lines, the president of BBVA, Carlos Torres, has predicted this Tuesday that there will be less economic growth this quarter and has anticipated that Spain will experience a “slight” recession, registering negative figures in the fourth quarter of 2022 and the first of 2023.
Regarding geopolitical tensions, the European Union has announced that it is working to stop the export of Russian coal to third countries within the framework of the new round of sanctions to respond to the Russian escalation in the Ukraine conflict after the announcement of partial mobilization population, nuclear threats and referendums in the Donetsk, Luhansk, Kherson and Zaporizhia regions.
The rest of the European stock markets have also closed the session in negative, with falls of 0.52% in London, 0.27% in Paris, 0.72% in Frankfurt and 1.16% in Milan.
On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 86.38 dollars, with an increase of 2.76%, while Texas stood at 78, 68 dollars, after rising 2.56%.
The pound rebounded this Tuesday after the governor of the Bank of England, Andrew Bailey, has issued an extraordinary statement in which he indicates that the authority he presides over “will not hesitate to change interest rates as much as necessary to return inflation to the objective of 2% sustainable in the medium term”.
After this message, the pound advanced positions until recovering 1.0784 dollars (+0.94%). Between Friday and Monday, the pound fell almost 8% in its cross against the dollar.
Finally, the price of the euro against the dollar stood at 0.9624 ‘greenbacks’, while the Spanish risk premium stood at 120 basis points, with the interest required on the ten-year bond at 3.417%.