MADRID, 9 Jun. (EUROPA PRESS) –
The Ibex 35 has started the session on that Friday practically flat, with a slight rise of 0.04%, which has taken the selective up to 9,342 points, on a day in which the reaction of investors is expected after the on Thursday it became known that the eurozone had entered a technical recession.
The Eurozone Gross Domestic Product for both the last quarter of 2022 and the first period of the year was revised by Eurostat on Thursday, placing both at -0.1%.
However, despite the fact that going into recession means that the European Central Bank’s rate hikes are taking effect, inflation is still stubbornly high, and several senior ECB officials say the bank will not take a break from its meeting on June, 15.
In this context, investors are still awaiting the latest decisions by central banks on their monetary policy. On Monday, the Federal Reserve Bank of Australia announced that it was raising rates to 4.10%, and on Wednesday it was the Bank of Canada that announced a 25 basis point rate hike to 4.75%.
On this last day of the week, the largest increase in the components of the Ibex 35 was registered by Grifols (1.19%), followed by the banks Banco Sabadell (0.66%) and BBVA (0.44%), Telefónica (0.74%) and Solaria (0.70%). On the other hand, the largest falls were recorded by Mapfre (-0.48%), IAG (-0.32%), Arcelor Mittal (-0.31%) and Indra (-0.22%).
The rest of the European stock markets have also dawned flat with an advance of 0.07% in the Paris stock market, 0.03% in the Milan stock market and 0.05% in the Frankfurt stock market. Slightly above was that of London with a rise of 0.20% in the early stages of the day.
The Brent barrel fell 0.42% to $75.64, while the West Texas Intermediate (WTI) reached $70.98, down 0.39%.
In the debt market, the yield on the Spanish bond with a 10-year maturity stood at 3.407%, while the risk premium stood at 99 basis points.
In the foreign exchange market, the euro falls slightly against the dollar, standing at an exchange rate of 1.07 dollars for each euro.
