MADRID, 12 Dic. (EUROPA PRESS) –
The Ibex 35 traded in the mid-session this Monday with a fall of 0.37%, which led it to stand at 8,258.8 integers at 12:01 p.m., with few references today, but waiting of the key appointments that will begin to take place starting tomorrow.
Specifically, investors are going to be watching these days for the meetings of the Federal Reserve (Fed), the Bank of England (BoE), the European Central Bank (ECB), and the publication of inflation data for November in the Eurozone, Germany, the United Kingdom and the United States.
Regarding the Fed meeting, the XTB analyst, Joaquín Robles, points out that the market expects the rate rise to moderate to 50 basis points given the falls that inflation has registered in the United States in recent months.
“Now the key is focused on whether this decision will mark a path to end the cycle of increases next February or continue at a slower pace. Most likely, more details on the next decisions will not be offered at this meeting and “keep awaiting the economic projections. The next concerns will center on whether the rates will manage to overcome the 5% barrier during 2023 and for how long they will remain at that level,” he explains.
In the case of the ECB, Robles believes that the moderation of the CPI in the euro area from 10.6% in October to 10% in November “will not be enough” to smooth the rate of rises, although in recent weeks some members of the central bank have suggested that the rate of increases could be reduced in the face of the economic slowdown.
In this context, most of the Ibex 35 values were in ‘red’, highlighting the falls of Meliá (-5.21%), Merlin (-1.71%), Acerinox (-1.36%), Mapfre (-1.34%), Aena (-1.18%) and Colonial (-1.08%). On the opposite side were Acciona Energía (1.87%), Solaria (1.52%), Acciona (1.29%), Sacyr (0.68%) Ferrovial (0.47%), Bankinter (0 45%) and Iberdrola (0.09%).
The rest of the European stock markets were also trading lower with falls of 0.12% in London, 0.01% in Paris and 0.10% in Frankfurt. Only Milan advanced 0.24% in the half session.
Likewise, a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 75.40 dollars, with a decrease of 0.92%, while Texas stood at 70.41 dollars, with a drop of 0.86%.
Finally, the price of the euro against the dollar stood at 1.0560 ‘greenbacks’, while the Spanish risk premium stood at 101 basis points, with the interest required on the ten-year bond at 2.914%.
