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The Ibex 35 opens with a fall of 0.3% and clings to 7,900 points pending the Fed

MADRID, 19 Sep.

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The Ibex 35 opens with a fall of 0.3% and clings to 7,900 points pending the Fed


The Ibex 35 has started this Monday's session with a 0.3% drop, which has led the selective to stand at 7,962 integers at 9:01 a.m., in a week that will be marked by the Federal Reserve's decision on interest rates, which could surprise with a rise of 100 basis points.

The market will also be watching the Bank of England, which decided to postpone the meeting after the death of Elizabeth II. The hike is expected to be 50 basis points.

In this way, after falling 1.25% in Friday's session and placing the weekly decrease at 0.6%, the Madrid selective began the session below the psychological level of 8,000 points, in an environment that continues to marked by the energy crisis and the fear of a further tightening of monetary policy in the face of new inflation figures.

In the first bars of the session, the biggest falls were scored by ArcelorMittal (-1.6%), Merlín Properties (-1.47%), Inditex (-1.45%), Sacyr (-1.41%) , Acerinox (-1.22%) and Mapfre (-1.19%), while on the opposite side were Naturgy Energy (1.7%), Red Eléctrica (0.93%), Grifols (0.48 %), Iberdrola (0.19%) and Bankinter (0.12%).

The rest of the European stock markets also opened lower with falls of 0.6% for Frankfurt and London and 0.9% for Paris.

On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 90 dollars, with a decrease of 0.62%, while Texas stood at 83 dollars, after drop 0.92%.

Finally, the price of the euro against the dollar stood at 0.9973 'greenbacks', while the Spanish risk premium stood at 113 basis points, with the interest required on the ten-year bond at 2.908%.

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