economy and politics

The Ibex closes down (-0.41%) and loses 9,300 points in the session

The Ibex closes down (-0.41%) and loses 9,300 points in the session

May 23. (EUROPE PRESS) –

The Ibex 35 has closed the session this Tuesday with a fall of 0.41%, which has led it to stand at 9,267.00 integers, thus losing the level of 9,300 points that it had reached yesterday.

Without major national references, investor attention continues to be focused on the uncertainty generated by the United States debt ceiling, after the meeting between the country’s president, Joe Biden, and the House of Representatives ended without an agreement. Kevin McCarthy.

For her part, the US Treasury Secretary, Janet Yellen, considers it “highly probable” that the country will not be able to meet its payment obligations from the beginning of June if Congress does not act to raise or suspend the debt limit.

In addition, today it has been known that the private sector activity in the euro zone moderated to a three-month low in May, although it continued to expand for the fifth consecutive month, according to the Composite Purchasing Managers Index (PMI), prepared by Hamburg Commercial Bank and S&P Global.

In this context, the biggest increases have been registered by Colonial (+2.36%), Merlin (+2.21%), Bankinter (+1.51%), Telefónica (+1.11%), Solaria (+1 09%) and CaixaBank (+1.09%).

On the opposite side were Amadeus (-2.12%), Inditex (-1.83%), Fluidra (-1.68%), Aena (-1.66%), ACS (-1.27% ) and Indra (-1.26%).

In the rest of Europe, the French CAC 40 has yielded 1.33% on the day; the Italian FTSE MIB, 0.50%; the German DAX, 0.44%; and the English FTSE 100, 0.10%.

Likewise, a barrel of Brent traded at 77.33 dollars, 1.76% more, while West Texas Intermediate (WTI) stood at 73.44 dollars, 1.94% more.

In the debt market, the yield on the Spanish bond with a 10-year maturity stood at 3.515%, while the risk premium against German bonds stood at 104 basis points.

On its side, the euro depreciated 0.35% against the dollar, reaching 1.0775 dollars for each euro, thus moving away from the level of 1.08 ‘green tickets’ that it had reached in the market on Monday.

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