After Wall Street’s negative close and Asian stock markets’ losses, Europe’s leading markets also woke up this Friday by giving up their positions. Frankfurt and Paris fell 0.2% at the opening, while Milan fell 0.1%. London, on the other hand, woke up almost flat.
Markets will not miss the interventions of US Federal Reserve (Fed) Governor Jerome Powell and European Central Bank (ECB) President Christine Lagarde at the Jackson Hole Summit this Friday. He will speak after European markets close.
In the macro references section, the German Statistical Office confirmed this Friday: ‘Europe’s engine’ emerges from technical recession after GDP stagnates In the second quarter, this trend may continue into the third quarter, as the German central bank Bundesbank recently warned.
Industrial price data for July in Spain was released this Friday. Industrial inflation deepened its fall to 8.4% Due to the falling cost of electricity, there have already been decreases for five consecutive months on an annual basis.
In the first hours of the last session of the week, biggest declines The Ibex 35 was led by Grifols (-2.07%), IAG (-0.48%), Colonial (-0.37%) and Fluidra (-0.35%). At the other extreme, higher rises Among the selected, Repsol (+0.69%), Santander (+0.47%), Telefónica and Redeia (+0.41% in both cases) and Banco Sabadell (+0.27%) were recorded.
At the opening of the stock market, the price of Brent quality oil per barrel, which is the reference for the Old Continent, increased by 0.4 percent to $ 83.75, while Texas increased by 0.5 percent to $ 79.47.
While the value of the euro against the dollar in the foreign exchange market decreased to 1.0783 ‘green bonds’, the interest rate of the 10-year Spanish bond in the debt market rose to 3.559%.