The Ibex 35 started this Monday session down 1.05%, resulting in the selector’s standing at 8,302 integers at 9:01 in a week that will be marked by the Federal Reserve (Fed) meeting. United States with an increase 50 basis pointsAfter learning that inflation in the North American nation rose again to 8.6% in May, once again at its highest level since 1981.
Will meet this week bank of englandthis could explain the new rate hikes.
when it comes macro Data, Investors will watch US retail sales and building permits, the ZEW investor sentiment index in Germany and industrial production in China.
As such, the Madrid selector started the day holding on at the psychological level, after Friday’s drop of 3.6% and deepening the weekly drop to 3.8%, the biggest drop since March. 8.300 points, most values are in red.
In the first measures of this Monday’s session, biggest declines Cie Automotive (-4.14%), Acerinox (-2.92%), Santander (-2.7%), Fluidra (-2.53%), IAG (-2.36%), Meliá Hotels International ( -2.12%) and Amadeus (-1.94%)), while on the opposite side there was only Red Eléctrica (+0.48%).
The rest of the European stock markets It opened 1% in Frankfurt and Paris and 0.7% in London.
Price crude oil barrel European benchmark Brent fell 1.6% to $120, while US benchmark WTI oil fell 1.6% to $118 a barrel.
Finally, price of euro against dollar It remained at 1.0486 ‘dollars’.