The IBEX 35 lost 0.48% in the early stages of the session, pending the possible interest rate cut in the United States that the Federal Reserve (Fed) could announce this Wednesday.
At 09:10 hours, the Spanish selective left 44.10 points and stood at 9.229 units, while the General Index of the Madrid Stock Exchange fell by 0.44%.
Once we know that China's consumer price index (CPI), the main indicator of inflation, rose 2.7% year-on-year in June, the same figure as in the previous month, investors will be watching the Fed.
The president of the agency, Jerome Powell, presents his semiannual report on monetary policy to the financial services committee of the House of Representatives. and predictably it will pronounce on a possible cut of the types of interest in the United States.
Besides, the European Commission presents its intermediate summer forecasts, that will provide new estimates of GDP growth and inflation in Spain and the rest of the countries of the European Union.
And the main European airlines, grouped in the platform Airlines for Europe (A4E), analyze the situation of air traffic in summer and address the new ecotax aviation, which yesterday cost the sector strong losses in the stock market.
Inside of the IBEX highlighted the rise of ArcelorMittal, of 1.14%, that recovered part of the lost in the previous day, after the Department of Commerce of the United States announced that there are reasons to impose tariffs on steel manufactured in Mexico and China.
It also achieved Santander profits (0.05%), while the rest of the large securities suffered cuts of 0.91% for Iberdrola, 0.87% for BBVA, 0.74% for Telefónica, of 0.55% for Repsol, and 0.44% for Inditex.
Red Eléctrica led the IBEX declines with a discount of 1.38%, and IAG barely registered the recent aviation rate and fell by 0.20%.
Spain's risk premium started the day at 76 basis points, down from the previous day but far from the annual minimum of 60 basis points on July 3.
. (tagsToTranslate) larazon.es