The Ibex 35 moderates its decline (-0.05%) and closes above 7,400 points

MADRID, 28 Sep. (EUROPA PRESS) -

The Ibex 35 ended the trading day above 7,400 points, managing to practically erase the notable losses registered hours before and recording a slight decrease of 0.05%.

The selective, which thus chains seven consecutive sessions in 'red', came to lose the barrier of 7,300 points in the middle session, in an environment that continues to be marked by the messages from the central banks in the inflation scenario and the fear of an economic recession.

The Bank of England has decided to intervene in an emergency in the debt markets to stop the repricing of British bonds that has occurred in recent days after the Government's announcement of a program of tax cuts that has been criticized both by the IMF as by Moody's agency.

According to Bankinter analysts, this decision by the Bank of England has had a "strong reaction in the market" and the European stock markets have moderated their falls.

In another order of things, the European Union has pointed out this Wednesday, in a statement to Veintisiete, that the damages recorded in the Nord Stream 1 and 2 gas pipelines are due to "deliberate acts" and has warned that it will respond in a "united and solid" if it is shown that the leak was caused. The energy ministers of the European Union will examine this Friday the gas leaks due to possible sabotage and how to respond to this situation, in the midst of an energy pulse with Russia.

On the other hand, this Wednesday it was published that German consumer confidence for October was worse than expected, as the GfK indicator fell to -42.5.

In this scenario, it closed the trading day at 7,442.2 points, with Grifols (-5.28%), Arcelormittal (-4.39%), Solaria (-3.89%), Indra (-2.01 %), IAG (-1.93%) and Acerinox (-1.88%) at the head of the declines.

On the contrary, in positive have stood out Merlin ( 4.75%), Colonial ( 3.71%), ACS ( 1.8%), Repsol ( 1.72%) and Rovi Laboratories ( 1.13%).

The rest of the European stock markets have also recovered at the close, with increases of 0.3% in London, 0.19% in Paris and 0.36% in Frankfurt, while Milan has fallen by 0.52%.

On the other hand, a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 88.23 dollars, with an increase of 2.27%, while the Texas stood at 80.77 dollars , after rising 2.9%.

Finally, the price of the euro against the dollar stood at 0.9647 'greenbacks', while the Spanish risk premium stood at 120 basis points, with the interest required on the ten-year bond at 3.315%.