economy and politics

The Ibex closed with a fall of 0.76% due to the rate hikes in Norway, the United Kingdom and Switzerland

The Ibex closed with a fall of 0.76% due to the rate hikes in Norway, the United Kingdom and Switzerland

June 22 () –

The Ibex 35 has closed the session this Thursday with a fall of 0.76%, reaching 9,364.7 points, in a day marked by the rate hikes carried out by the central banks of the United Kingdom, Switzerland and Norway.

Specifically, the Swiss National Bank has raised interest rates by 25 basis points, to 1.75%, while the Bank of Norway has placed them at 3.75%, half a point more. The Bank of England has adopted a similar hike, taking rates to 5%.

Investors also had in mind that Powell gave his hawkish speech to the US Congress yesterday, stating that high rates are needed for a while to curb high inflation and that, furthermore, one or two more hikes could take place. rates with respect to current levels, although these decisions will be guided by the data that becomes known.

In this context, Meliá was the value that has risen the most on the Ibex (+3%), ahead of Solaria (+2.04%), Sacyr (+1.33%), Grifols and Cellnex (+0.73% both).

On the opposite side were CaixaBank (-1.90%), Banco Sabadell (-1.79%), Acciona Energías Renovables (-1.77%), Redeia (-1.57%), Banco Santander (-1 .50%) and Bankinter (-1.47%).

The evolution of the Ibex this Thursday has been similar to the rest of the large European stock markets. The German DAX has fallen 0.22%; the French CAC 40, 0.79%; the Italian FTSE MIB, 0.72%; and the British FTSE 100, 0.76%.

Regarding raw materials, oil fell 3.92% at the close of the European stock market session, to 74.09 dollars, while West Texas Intermediate (WTI) fell 4.32%, to 69, 40 dollars.

In the debt market, the yield of the Spanish bond with a maturity of 10 years has been located at 3.449%, from 3.374% on Wednesday. Thus, the risk premium has reached 95.5 basis points, 1.6 points more.

Regarding currencies, the euro depreciated 0.33% against the dollar, reaching an exchange rate in the markets of 1.095 dollars for each euro.

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