May 11, 2021

The Ibex 35 opens lower with crude stopping its climb – La Provincia

The Ibex 35 opens lower with crude stopping its climb - La Provincia

TheIBEX 35has started the session this Thursday with a fall of0.23%, which has led the selective to be in the8,803.4 pointsat 9:01 am, despite talks between the United States and China to achieve a commercial truce have ended in a scenario marked by optimism.

In this way, the Madrid-based selectivethe session began with lossesand tried to maintain the psychological level of 8,800 integers, after knowing also the records of the US Federal Reserve (Fed), divided in relation to whether it should continue raising interest rates or if it would have to stop increases in the price of money.

In the early stages of the day, the largest declines were recorded by ArcelorMittal (-1.7%), BBVA (-0.9%), Siemens Gamesa (-0.7%), Grifols (-0.7%), Acerinox (-0.6%) and IAG (-0.6%), while on the opposite side were Dia (+ 0.6%), Meliá Hotels International (-0.4%), Técnicas Reunidas (+ 0.3%) and Telefónica (+ 0.1%).

The rest of European exchanges openedalso in red in the case of Frankfurt (-0.5%), Paris (-0.6%) and London (-0.3%).

On the other hand, the price of a barrel of Brent quality oil, a benchmark for the Old Continent, slowed down its rise and stood at a price of 60.74 dollars, while Texas was placed at 51.71 dollars.

Finally, the price of the euro against the dollar stood at 1.1549 'greenbacks', whilethe Spanish risk premium stood at 128 basis points, with the interest required to the 10-year bond at 1.5%.


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