the ibex 35 opened Wednesday with a 0.54% dip, placing the index around 7,830 as the clock showed 09:01, ahead of a USA decision on interest rates that could deliver a surprising 100 basis point increase.
in this session, wall street closed lower: the dow jones fell 1.01%, the s&p 500 slipped 1.13%, and the nasdaq declined 0.95%. investors fixated on the federal reserve move, while attention also shifted to tomorrow’s indications from the bank of england, which was set to hold a policy event after the queen’s passing, with expectations of a 50 basis point rise.
after a 1.5% decline on tuesday, the madrid stock market started the day near the psychological level of 7,800 points, pressured by the energy crisis and jitters about more aggressive monetary tightening in the wake of fresh inflation readings.
in the early trading minutes, the biggest drops were seen in amadeus (-1.28%), santander (-1.26%), iag (-1.13%), acs (-1.03%), and grifols (-0.96%), while gains were recorded by repsol (+1.42%), sacyr (+1.0%), with a 0.92% rise, enagás (+0.81), and siemens gamesa (+0.1%).
across the eurozone, other major benchmarks opened lower: frankfurt down 0.9%, paris down 0.8%, and london down 0.1%.
on the commodity front, brent crude—the maritime benchmark for europe—advanced about 2% to around 92 dollars a barrel, while us benchmark crude settled near 86 dollars after a rise. the euro traded at roughly 0.99 dollars, with spain’s risk premium around 113 basis points and the 10-year us treasury yield near 3.02%.