The IBEX 35 falls 1.58%, dragged by Wall Street and the Federal Reserve

The IBEX 35 falls 1.58%, dragged by Wall Street and the Federal Reserve

The main indicator of the Spanish Stock Exchange, the IBEX 35, fell sharply, 1.58%, minutes after the opening, dragged by losses yesterday on Wall Street after the US Federal Reserve raised interest rates for the fourth time in the year.

Thus, at 9.15 am, the selective lost 138 points or 1.58% and stood at 8.629 points, which increased the losses accumulated in the year to 14.10%.

The Spanish Stock Exchange yesterday rose 0.78% and approached 8,800 points in a day marked by the announcement of a formal agreement between Brussels and Italy after the country lowered its budget deficit forecast.

But the party is over for the time being, and the indicator has opted to go back, picking up yesterday's falls on Wall Street that put the indicators of that country at the lows of the year after the Fed decided to lower rates again, ignoring the recommendations of analysts and the wishes of President Trump.

Investors will be awaiting today the speech of the president of Bolsas y Mercados Españoles (BME), Antonio Zoido, who will present the report with the closing progress of the national markets in 2018 and the perspectives of 2019.

Likewise, the Plenary of the Congress debates and votes the path of deficit and public debt for 2019-2021 that already rejected in July, as well as the new Mortgage Law, among other things.

In Frankfurt, the European Central Bank (ECB) publishes the balance of payments of the euro area in October 2018 and in London, the Bank of England announces its decision on interest rates in the United Kingdom, in full storm for the "Brexit"

The main European stock exchanges fell after the opening and Paris yielded 1.45%; London, 1.35%; Milan, 1.26% and Frankfurt, 1.23%, at a time when the euro fell to $ 1,1408, from the 1.1422 yesterday.

As for the most capitalized securities in the Spanish market, all in red, Inditex lost 2.31%; Repsol, 1.60%; Santander, 1.48%; BBVA, 1.35% and Telefónica, 1.10%.

But these were not the ones that fell more within the 35 values ​​that make up the IBEX, but ArcelorMittal, which left more than 3% and the supermarket chain DIA, which fell almost 3%.

Given that none of these securities registered increases at this time, the ones that fell least were Red Eléctrica and Endesa, both around 0.40%.

Vértice 360 ​​and Codere were at this time the companies that fell more than all those listed in Spain, 7.58% and 5.16%, respectively, while GAM and Berkeley were the ones that rose the most, 3.70% % and 2.34%. EFE


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