HE mountain goat 35 started the session this Wednesday with 1.08% gainsRaising the Madrid selector to 9,401.93 points in a day when the Italian Government will continue to turn the attention of investors to the European banking sector after the decision to tax extraordinary bank profits with a 40% tax rate.
The markets may also react to the rating downgrade of the credit rating agency Moody’s. Solvency of a dozen small and medium-sized banks in the United Statestook six more major banks under scrutiny for a possible downgrade and reviewed the outlook for eleven more institutions’ ratings.
In the macro area, China’s inflation will be published this Wednesday; CPI data will be released for Italy and the US on Thursday, and UK GDP and inflation data for France and Spain on Friday.
In the early stages of this session, the largest increases were recorded in the Ibex 35. Santander Bank (+1.97%), Banco Sabadell (+1.83%), BBVA (+1.77%), Inditex (+1.64%) and Bankinter (+1.29%), unlike single ‘red lanterns’ ‘ Cellnex became Telecom (-0.06%).
The main European stock markets also opened on a positive sign this Wednesday: 1.44% for Milan1.13% for Paris, 0.81% for Frankfurt, 0.60% for London.
At the stock market opening, Barrel price of Brent quality oilReference for the Old Continent, 0.19% downIt climbed as high as $86.01, while Texas was down 0.23% at $82.73.
In the Forex market, The value of the euro against the dollar was determined as 1.0976 ‘green bill’.The Spanish risk premium stood at around 105.3 basis points, while the required interest rate for the 10-year bond was 3.499%.