The Ibex 35 falls 0.7% in the half session and loses the whole 9,100

MADRID, 26 May. (EUROPA PRESS) -

The Ibex 35 registered losses of 0.7%, which led it to fall below 9,100 integers, with the market still pending negotiations in the United States on the debt ceiling and the macroeconomic references that are becoming known , after it was published yesterday that Germany entered a technical recession in the first quarter of the year.

Renta 4 analysts point out that "advances" are being made in the US to avoid default, with the possibility of increasing the debt ceiling for two years. "Negotiations will continue today. If an agreement is reached, it could be voted on Tuesday and sent for the president's signature before the June 1 deadline," which is when the country could default.

In the US it has also become known that JPMorgan Chase intends to do without around a thousand workers from the former First Republic Bank, an entity that had to be intervened at the end of April by the US authorities and whose assets were acquired on May 1st by the America's largest bank.

In Spain, the INE has published that the number of mortgages constituted on homes fell by 15.7% last March compared to the same month in 2022, to a total of 36,182 loans. In this way, the home mortgage firm has chained two months of negative rates after the 2% drop recorded in February.

In this context, the Ibex 35 stood at 9,052.00 integers, with most of its values ​​in 'red'. The falls of Banco Sabadell (-2.74%), Bankinter (-2.54%), Banco Santander (-1.93%), Sacyr (-1.91%), BBVA (-1.75%) stood out and Unicaja Banco (-1.55%).

ArcelorMittal (2.13%), Grifols (1.39%), Acerinox (1.05%), Rovi (0.59%), Aena (0.41%), Colonial (0.28%) were trading positively , Red Eléctrica (0.19%), Fluidra (0.12%), Enagás (0.06%) and CaixaBank (0.06%).

The main European markets also registered losses; 0.79% in Milan; 0.37% in Frankfurt; 0.24% in Paris and 0.18% in London.

In the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 76.35 dollars, with a rise of 0.12%, while Texas was trading at 72 .03 dollars, with an increase of 0.28%.

At the opening of the European Stock Markets, the price of the euro against the dollar stood at 1.0735 'green bills', while, in the debt market, the interest demanded on the ten-year Spanish bond stood at 3.573%. and the risk premium stood at 107.2 basis points.