The Ibex 35 gives up 0.37% and falls back to March levels by losing 9,000 points

MADRID, 23 Oct. (EUROPA PRESS) -

The Ibex 35 closed this Monday with a fall of 0.37% and closed below 9,000 points - specifically, it ended at 8,995.5 points - for the first since the end of last March, when the markets were shaken by the bankruptcy of several regional entities in the United States and the absorption of Credit Suisse by UBS.

The selective has started the session with a strong downward trend that at midday made it discount 1% and put the level of 8,900 points in danger, however, it has managed to moderate the setbacks motivated by the bullish opening of Wall Street.

The main 'beacon' for investors at the beginning of the week tomorrow revolves around the yield of the US bond with a maturity of 10 years, which has exceeded 5% for the first time since 2007, although at the close of the session in the Old Continent moderated to 4.85%.

Within this Monday's 'macro' agenda, only consumer confidence in the eurozone in October stood out, the preliminary reading of which has shown that it has worsened less than expected.

However, this week many companies will announce their results for the third quarter of the year. Among the listed Spanish companies are Enagás, Banco Santander, Fluidra, Iberdrola, Banco Sabadell, Repsol, IAG, CaixaBank, Catalana Occidente, Metrovacesa, FCC, Gestamp, Mapfre and Línea Directa, among others. Outside of Spain, Alphabet, Orange, Coca-Cola, Meta, Carrefour, Amazon, Danone or the large Chinese banks will do so.

Investors will also be paying attention this week to the monetary policy meeting of the European Central Bank (ECB), which will take place this Thursday in Athens, when the data on the Gross Domestic Product (GDP) of the United States will also be released. Previously, tomorrow the unemployment rate of the United Kingdom and the PMI of the eurozone will be known.

In addition, this Wednesday the Ifo business confidence index in Germany will be revealed and Canada's central bank will meet, while the week will conclude this Friday with new data on Spain's GDP and with the end of the European Council.

In this context, losses have been led by Banco Sabadell (-2.51%); Cellnex (-2.35%); Bankinter (-2%); Grifols (-1.49%); Caixabank (-1.47%); Colonial (-1.35%); Telefónica (-1.31%) and Repsol (-1.14%).

On the opposite side, only a dozen stocks have managed to advance in the session with IAG (2.55%) in the lead, followed by Inditex (1.76%) and Rovi (0.93%).

The comeback trend since the opening of Wall Street has meant that some European markets have escaped losses, in such a way that Frankfurt added 0.02% this Monday; Paris 0.5% and Milan 0.74%. On the other hand, London ran out of time and closed with a drop of 0.37%.

In the raw materials market, a barrel of Brent stood at $90.9, 1.37% less, while West Texas Intermediate (WTI) fell to $86.6, 1.68% less.

In the debt market, the yield on the Spanish bond maturing in 10 years closed at 3.96% after subtracting three basis points, with the risk premium (the differential with the German bond) at 109 points.

Regarding currencies, and pending the decision this week on ECB rates, the euro appreciated 0.5% against the dollar, reaching an exchange rate of 1.0645 'greenbacks' for each unit of the community currency, levels from a month ago.