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The Ibex 35 lost 0.3% in the mid-session after the Fed's 'hawkish' speech

MADRID, 10 Nov.

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The Ibex 35 lost 0.3% in the mid-session after the Fed's 'hawkish' speech

MADRID, 10 Nov. (EUROPA PRESS) -

The Ibex 35 was trading in the mid-session with a drop of 0.34%, which took it to 9,373.2 integers, after reaching 9,400 points yesterday.

The session is marked by yesterday's fall on Wall Street and by the speech given by the president of the US Federal Reserve (Fed), Jerome Powell, in which he stated that perhaps monetary policy is not yet sufficiently tense, awakening new fears of a rate hike.

"Although the market grants a minimum probability of an additional increase of 25 basis points, everything continues to point to high rates for a long period," say Renta 4 analysts.

Investors are today paying attention to the intervention of the president of the European Central Bank (ECB), Christine Lagarde, and to the meeting of Ecofin, the group of Ministers of Economy and Finance of the Member States of the European Union (EU).

In the macroeconomic field, the GDP of the United Kingdom stands out, which shows that the British economy did not experience any growth between July and September compared to the previous three months as a consequence, mainly, of the contraction of activity in services. However, compared to the third quarter of 2022, the economy grew by 0.6%.

Thus, in the mid-session, the biggest increases in the Ibex 35 were those of Repsol (1.52%), Indra (0.68%), Telefónica (0.24%), CaixaBank (0.16%) and Ferrovial ( 0.14%). On the other hand, the decreases in Colonial (-2.84%), ArcelorMittal (-2.70%), Solaria (-2.07%), Grifols (-2.02%) and Acciona Energía (-2) stood out. ,00%).

The main European stock markets were also trading negatively: London lost 1.26%, Paris, 1.08%, Frankfurt, 0.74% and Milan, 0.67%.

In the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 80.73 dollars, with an increase of 0.90%, while that of Texas rose 0.87 %, up to $76.40.

In the currency market, the price of the euro against the dollar stood at 1.0687 'greenbacks', while the Spanish risk premium was around 104.8 basis points, with the interest required on the 10-year bond at 3,780%.

Keywords:
IBEX 35