June 5, 2020

The Ibex 35 loses 9,100 points while the price of oil soars – La Provincia

HeIBEX 35has started the session this Monday with a fall of0.53%, which has led the selective to be in the9,089.6 integersat 9.01 hours whilecrude oil prices soared 10%after the attack on Aramco facilities inSaudi Arabia.

Specifically, the selective Madrid began the sessionbelow the psychological level of the 9,100 integers, in a week in which the market's attention will be on Jerome Powell, the president of the Federal Reserve of the United States, which will hold its next rate meeting this Wednesday.

The market nowDiscounts a 25-point cut against new signs of global slowdown and political risks,According to analysts at Renta4 Bank.

The meetings of three other central banks will also be held this week: Japan, Switzerland and Bank of England. Likewise, in the macroeconomics of Europe, the ZEW surveys (on Tuesday) and the final CPI data for the August eurozone (on Wednesday) will stand out.

In the first bars of the session,practically all values ​​were listed in negative, led by IAG (-4.6%), ArcelorMittal (-2%), Indra (-1.7%), Caixabank (-1.6%), Mapfre (-1.4%), Sabadell (-1 , 3%), BBVA (-1.1%) and Santander (-1.1%).

For its part,on the side of progressOnly Repsol (+ 2.3%), Ence (+ 0.1%), Iberdrola (+ 0.06%) and Red Eléctrica Corporación were located.

The rest of European bagsthey opened with red in the case of Frankfurt (-0.6%), Paris (-0.6%) and London (-0.2%).

On the other hand,the price of a barrel of Brent oil, a benchmark in Europe, soared 10.1%in the first operations of this Monday, up to 66.3 dollars, after the attack on two facilities of the Saudi oil company Aramco this weekend, which has caused a 5% drop in the global supply of crude.

On the other hand, the price of the Texas barrel, of reference in the United States, rose more than 9%, to 59.82 dollars.

Riyadh reported on Saturday attacks on two facilities of state oil company Aramco with a total of ten drones, although without causing personal injury. One of the attacked facilities is located in Abqaiq, near Damman, in the Eastern Province, while the other is located in the Hijrat Jurais oil field.

By last,the price of the euro against the dollarit was placed on 1,1069 'green notes' whilethe Spanish risk premium stood at 77 basis points, with the interest required to the ten-year bond at 0.3%.

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