The Ibex 35 closes with a fall of 1.49% and endangers the 8,700 points after the ECB meeting

MADRID, 9 Jun. (EUROPA PRESS) -

The main indicator of the Spanish stock market, the Ibex 35, has closed with a fall of 1.49%, which endangers the 8,700 points in a day that has been marked by the announcement of the European Central Bank (ECB) of that it will raise interest rates by 25 basic points in July and because of the harsher tone used by the president of the institution, Christine Lagarde.

Specifically, the selective has left 131.5 points, equivalent to that 1.49%, and stood at 8,711 points at the end of the session. The main European stock markets have closed with similar losses: Milan has left 1.9%; Frankfurt, 1.71%; London, 1.54%, and Paris, 1.4%.

This Thursday's session was marked by the meeting of the Governing Council of the ECB, which has decided that net purchases under its public asset purchase program will end in July, while a rise in rates of 25 basis points that same month.

Lagarde has expressed the firm commitment of the institution to avoid a fragmentation in the debt markets of the euro zone that prevents the correct transmission of monetary policy, although she has avoided going into details about how the entity will act.

In Spain, the Ibex 35 Technical Advisory Committee held its ordinary meeting this Thursday and decided to withdraw Almirall and CIE Automotive from the indicator and admit Acciona Energía and Sacyr as of June 20.

Added to this is Algeria's decision this Wednesday to suspend the "immediate" friendship treaty signed with Spain almost two decades ago in retaliation for its "unjustifiable" support for Morocco's autonomy plan for Western Sahara.

Likewise, investors will be aware of the publication of the inflation data in the United States in Friday's session.

In this context, BBVA has been the most bearish value of the indicator this Thursday, falling 4.69%, after JP Morgan cut its target price. ArcelorMittal and ACS followed, with losses of 4.42% and 4.36%, respectively.

On the opposite side, Banco Sabadell and Enagás recorded 1.1% and 1.06%, respectively. In the continuous market, Nyesa Valores has been the company that has fallen the most, with 7.14%, while Ecoener has revalued 7.27%.

A barrel of Brent crude, a reference in Europe, was sold at 123.43 dollars (115.83 euros) at the close of the Spanish market, while the WTI, a reference in the United States, was exchanged at 121.76 dollars (114 .27 euros).

Finally, the ten-year Spanish bond yield stood at 2.602%, the highest since 2014, with a risk premium of 114 basis points, while each euro was exchanged at 1.0653 dollars at the close of the Spanish market.