The Ibex 35 falls 1.18% and loses 8,100 points

MADRID, 20 Jul. (EUROPA PRESS) -

The Ibex 35 has lost 8,100 points by registering a drop of 1.18% in the session this Wednesday, which was the eve of the meeting of the European Central Bank (ECB).

The Governing Council of the European Central Bank (ECB) will undertake this Thursday the first rise in interest rates in the eurozone since July 2011, thus putting an end to an era of accommodative monetary policy in the eurozone, faced with the harassment of inflation runaway and the relentless fall in the value of the euro against the dollar in recent months.

On the other hand, the Prime Minister of Italy, Mario Draghi, who presented his resignation last week after the absence of the 5-Star Movement in the vote on a matter of confidence in the Senate, has shown this Wednesday willing to remain in office if disputes within the governing coalition are resolved. This possibility has made it possible to relax the pressure on the transalpine debt.

Regarding macro data, it has been published that the year-on-year inflation rate in the United Kingdom stood at 9.4% last June, compared to the 9.1% registered in the month of May, which represents the highest price increase since 1982.

On the other hand, consumer confidence indicators in the EU and the euro zone have registered sharp falls in the month of July, falling below the historical minimum levels registered at the beginning of the Covid-19 pandemic in the spring. 2020, as reported by the European Commission.

In this scenario, the Ibex 35 closed the day at 8,028.9 points, with most of its values ​​negative. The biggest falls were presented by Sabadell (-2.42%), Bankinter (-2.29%), Acciona (-2.19%), Enagás (-2.16%), Indra (-2.16%) , BBVA (-2.12%) and Santander (-2.05%).

The rest of the main European markets have also ended the session in 'red', with falls of 0.39% in London, 0.27% in Paris, 0.2% in Frankfurt and 1.6% in Milan .

The price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 106.58 dollars, down 0.7%, while Texas stood at 103.25 dollars, after falling a 0.93%.

The price of the euro against the dollar stood at 1.0204 'greenbacks', while the Spanish risk premium stood at 118 basis points, with the interest required on the ten-year bond at 2.472%.