economy and politics

The Ibex falls almost 1% in the mid-session before the Fed and in the middle of the BME data incidents

The Ibex falls almost 1% in the mid-session before the Fed and in the middle of the BME data incidents

Jul 31. () –

The Ibex 35 was trading down almost 1% in the mid-session on Wednesday, which was highly volatile due to problems with the dissemination of market data on the Madrid Stock Exchange.

Specifically, the Ibex 35 was trading at 11,094.9 points (-0.96%) at 12:00, when Europa Press consulted the market data. However, this figure was last recorded at 11:38 and has not been updated since. Many stocks also did not register any variation in their prices since 11:30.

Throughout the morning, the index has remained unchanged for an hour and a half, from 9:11 a.m. to 10:41 a.m.

Although the release of market data is experiencing problems, according to BME sources who spoke to Europa Press, the market continues to operate normally, so buy/sell orders are not being affected.

Aside from this incident, investors’ attention is focused on the publication of results in Spain, which will be the turn of CaixaBank, BBVA, Amadeus, Aena and Rovi, among other companies, this Wednesday.

After the market closes, the US Federal Reserve will announce its monetary policy decision.

According to the latest available and published data, Colonial (+3.32%), Grifols (+3.22%), Acciona Energía (+3.16%), ArcelorMittal (+2.09%), Repsol (+1.99%) and Acciona (+1.79%) were the leaders in the mid-session.

On the opposite side were Aena (-5.68%), BBVA (-4%), Ferrovial (-3.92%), CaixaBank (-3.47%), Banco Sabadell (-3%) and Bankinter (-1.81%).

The Ibex 35’s performance in the mid-session was different from that of the other major European stock markets. London rose by 1.42%; Paris by 1.15%; Frankfurt by 0.41%; and Milan by 0.06%.

In the commodities market, the barrel of Brent crude oil rose by 2.29% in the mid-session to $80.43, while West Texas Intermediate (WTI) crude oil stood at $76.76, up 2.72%.

On the debt market, the price of the Spanish 10-year bond was at 3.141%, down from 3.161% at the close on Tuesday. The risk premium thus fell by six-tenths to 81.5 basis points.

On the foreign exchange market, the euro gained 0.12% against the dollar, trading at an exchange rate of 1.0828 euro for each unit of the common currency.

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