Ibex 35 started this Tuesday’s session like this: 0.09% decreaseOn a day when investors were waiting for the minutes of the last meeting of the US Federal Reserve (Fed) to be published, the interest rate picker increased to 9,830.6 points.
The Madrid stock exchange reversed a few seconds after the start of the exchange, rising 0.13% and rising above the psychological level of 9,850 points. This came after it reached its highest level since February 2020 (9,839 points) on Monday, just before the Covid-19 pandemic spread across Europe. .
markets too Will continue to be wary of intervention by the president of the European Central Bank (ECB), Christine Lagarde, In Germany.
In the macroeconomic sphere of Spain, This was published on Tuesday Social Security We lost an average of 3,053 foreign affiliates in OctoberWe closed the tenth month of the year with 2 million 683 thousand 937 migrant workers registered in the system, with a 0.1% decrease compared to the previous month.
It was also announced that the Spanish service sector decreased its turnover by 0.9% last September compared to the same month of 2022, increasing by four-tenths of the annual decrease experienced in August (-0.5%). The turnover of the sector decreased by 5.7% in September compared to the same month of 2022; This was down by five-tenths from the annual decline recorded in August.
The global economic context is mainly affected by uncertainty regarding the presentation of business results and the consequences of the global economic situation. Conflict between Israel and Hamas.
The biggest gains in the Ibex 35 in the early stages of this session were recorded by Meliá Hotels (+0.87%), IAG (+0.56%) and Rovi (+0.48%). The standout ‘red lighthouses’ were Acciona Energía (-1.68%) and Acciona (-0.85%).
Europe’s leading stock exchanges opened this Tuesday with a mixed trend: Paris fell 0.16%; Milan, 0.09%; London, 0.08%; Frankfurt rose 0.11%.
At the stock market opening, the barrel price of Brent quality oil, which is the reference for the Old Continent, was above 81 dollars with a 0.51 percent loss, while in Texas it fell by 0.53 percent to 77.42 dollars. Increasing tensions in the Middle East following the open war between Hamas and Israel, the situation in Iran, the conflict in Ukraine and pressures on supply disruption by Russia and Saudi Arabia.
In the foreign exchange market, The price of the euro against the dollar was at the level of 1.0963 dollars. While Spain’s risk premium was around 100 basis points, the interest rate on the 10-year bond was 3.560%.