July 29, 2021

The Ibex starts the session with one each of 0.55% – The Province

The Ibex starts the session with one each of 0.55% - The Province

TheIBEX 35has started the session this Wednesday with a fall of0.55%, which has led the selective to be in the9,095 integersat 9:01 am, with most of the values ​​in red, in a day in whichcrude prices continue to fallafter the Organization of the Petroleum Exporting Countries (OPEC) confirmed that in October oil production had increased.

Thus, the selective Madrid began the session losing the psychological level of the entire 9,100, after the Dow Jones index closed with a decline of 0.4% and the Nikkei of Tokyo with a rise of 0.16%.

The investors have known this Wednesday that the economy of Germany registered in the third trimester of the year a contraction of 0,2%, in front of the expansion of 0,5% in the three previous months, what supposes the first regression of the GDP from the first quarter of 2015, as a result of the fall in exports in the context of the commercial war unleashed by the US.

In the first bars of the session,the greatest decreases were recorded by Repsol, which lost 1.8%, weighed down by the collapse of oil, followed by ACS (-1.3%), ArcelorMittal (-1.3%) and Mediaset (-0.9%), while on the side On the other hand, Técnicas Reunidas (+ 0.8%), IAG (+ 0.5%) and Dia (+ 0.3%) were located.

The rest of European exchanges also opened in negative, with falls of 0.9% for Frankfurt, 0.8% for Paris and 0.5% for London.

Likewise, the Spanish risk premium stood at 123 basis points, with the interest charged on the 10-year bond at 1.6%.

On the other hand, the price of a barrel of Brent quality oil, reference for the Old Continent, continued with its collapse and was at a price of65.45 dollarss, while the Texas was placed at 55.54 dollars.

Finally, the price of the euro against the dollar was at1,1281 'greenbacks'.


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