Ibex 35 wakes up 1.17% as crude oil drops

this IBEX 35 started the session this Wednesday, down 1.17%It put the selector to a standstill at 8,139.4 integers, up more than 2% at 9:01 a.m. after crude oil fell and Wall Street closed in green on its return to business.

That’s how the Madrid selector started the session after falling 0.61% this Tuesday. Clinging to the psychological level of 8,100 integers Jerome Powell, chairman of the United States Federal Reserve (Fed), is expected to address Congress this Wednesday and the Senate tomorrow, Thursday.

Thus, in the early stages of Wednesday’s session, all shares were trading in the red except for ArcelorMittal (-5.56%), Repsol (-2.8%), Telef√≥nica (+0.51%), led by Fluidra (-2.5%). Bankinter (-2.45%), Sabadell (-2.4%), Santander (-2.36%), PharmaMar (-2.3%) and BBVA (-2, 12%).

The rest of European stock markets also opened lower, down 2%. 1.5% for Frankfurt and Paris and for London.

On the other hand, the barrel price of Brent quality oil, which is the reference for the Old Continent, decreased by 4 percent to $108, while Texas fell by 5 percent to $103.

Finally, the euro stood at 1.0472 ‘dollars’ against the dollar, while the Spanish risk premium stood at 106 basis points and the required yield on the ten-year bond stood at 2.77%.

Source: Informacion


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