The Stock Exchange chains the worst streak in its history with 11 negative sessions

This Wednesday it loses another 1.1% and is below 7,900 points


The Ibex has closed this Wednesday with a fall of 1.1% and below 7,900 integers, which means chaining eleven sessions in 'red' and registering the worst streak in its history.

The selective Madrid has been located in the 7,886.1 integers. In the balance of August, the fall is 3.3%, while compared to the beginning of 2022, the index cuts 9.5%.

The evolution of the Ibex35 during the month of August has been conditioned by the macroeconomic data and the possible decisions of the central banks. If during the first part of the month the selective registered an upward 'rally' that led it to add eleven days in positive, during the last two weeks the red has been predominant, anticipating the rate hikes planned by the central banks, especially the Federal Reserve (Fed) of the United States and the ECB.

In addition, the energy crisis has once again put countries on the ropes, with Russia announcing several closures due to maintenance of the Nordstream gas pipeline, which carries gas to Germany, which is highly dependent on this raw material.

On Wednesday, investors learned that the year-on-year inflation rate in the euro zone stood at 9.1% in August, compared to the 8.9% registered in July, which represents the highest increase in the price of prices in the euro region of the entire historical series and more than four times the price stability target of 2% of the European Central Bank (ECB), whose Governing Council will meet again next week.

According to preliminary data published by Eurostat, the rise in prices in the euro zone intensified in August, despite the fact that the year-on-year rise in energy prices slowed to 38.3% from 39.6% in July.

On its side, the Consumer Price Index (CPI) of Italy has climbed to 8.4% in August and has marked maximum since 1985 and the CPI of France has moderated this month to 5.8%.

In this scenario, the biggest increases in the Ibex 35 have been recorded today by Meliá (+2.98%), CaixaBank (+2.11%), Sabadell (+1.42%), Bankinter (+1.39%), Rovi (+1.24%), IAG (+1.17%) and Mapfre (+0.36%).

On the contrary, in the negative field, Red Eléctrica (-3.54%), Inditex (-2.66%), Enagás (-2.62%), Iberdrola (-2.44%), Naturgy (-2 .38%), Endesa (-2.29%) and Cellnex (-1.75%).

The rest of the European stock markets have closed with falls of 1.05% in London, 1.37% in Paris, 0.97% in Frankfurt and 1.22% in Milan.

The price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 96.77 dollars, with a decrease of 2.56%, while Texas stood at 91.13 dollars, after giving up 0 .57%.

Finally, the price of the euro against the dollar stood at 1.0063 'greenbacks', while the risk premium stood at 118 basis points and the return on the 10-year Spanish bond stood at 2.725%.

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