economy and politics

The Ibex 35 wakes up with a fall of 0.39% and clings to 8,200 points, pending China

The Ibex 35 wakes up with a fall of 0.39% and clings to 8,200 points, pending China

Dec. 30 () –

The Ibex 35 has started the session this Friday with a fall of 0.39%, which has led the selective to stand at 8,290 integers at 9:01 a.m., in a week marked by the low volume of trading and the absence of macro data, to which is added the worrying situation of the Covid-19 in China.

The market thus closes a difficult year in which it has fought against the geopolitical tensions of the war between Russia and Ukraine, and the growing fear of an economic slowdown, in a cycle of aggressive rate hikes by various central banks.

Markets are also on edge about Beijing’s move to further loosen Covid-19 restrictions and the explosive rise in coronavirus infections in China that is dimming hopes of a quick recovery for the world’s second-largest economy.

The United States has joined Italy and will ask passengers from China to have a negative Covid-19 test or an antigen test in the two days before flying due to the relaxation of restrictions and the increase in positive cases in the Asian country. .

The measure will apply from January 5 both to passengers flying directly to the United States from China, Hong Kong or Macao and to passengers flying through links with third countries, including Seoul, Toronto and Vancouver.

The Xi Jinping Administration announced this week that as of January 8 it will reopen its borders and eliminate the need for quarantine in a new step in the relaxation of restrictions.

The Minister of Health, Carolina Darias, has summoned the media early this Friday for a press conference in which she will report on the evolution of the pandemic in the face of the explosion of infections in China. The Ministry of Health also convened an emergency meeting of the Alert Report due to the rebound in cases in the Asian giant.

After closing yesterday Thursday with a slight decrease of 0.2%, the Madrid selective began the session close to the psychological level of 8,300 integers after the rebound of the main Wall Street indices that registered increases on Thursday driven by increases in interest rates. Federal Reserve interest.

In the early stages of the session, most of the components were negative, with only the positives of ACS (+0.31%), Ferrovial (+0.14%), Enagás (+0.09%) and Mapfre standing out. (+0.05%).

On the loss side, Endesa fell by -1.14%, Telefónica (-0.74%), Aena which fell by (-0.63%) and Arcelor-Mittal which fell by another 0.70. %.

The rest of the European stock markets also opened with falls of -0.66% for Frankfurt, -0.34% for London and -0.59% for Paris.

Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 84.04 dollars, with a rise of 0.68%, while Texas stood at 78.93 dollars. , with a rise of 0.65%.

Finally, the price of the euro against the dollar stood at 1.0661 ‘greenbacks’, while the Spanish risk premium stood at 105 basis points, with the interest required on the ten-year bond at 3.560%.

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