The Stock Market loses 1.5% due to the threat of more interest rates


The Ibex-35 loses the level of 8,000 points before the notices of the central banks about new increases in the price of money

Jose Maria Waiter

The Ibex-35 continues to trade below 8,000 points, and has already accumulated a fall of 1%, due to the tightening of the position of the central banks, willing to reduce inflation both in the United States and in the eurozone, although it may be at the expense of economic growth.

The Stock Exchange today reflects the words of the President of the Federal Reserve (FED), Jerome Powell, at the Jackson Hole central bankers summit, in which although he anticipated a softer position for the next rate hikes, he reiterated the intention to stop inflation. The message, brief and forceful, alerted all markets in the US. Today that contagion reaches Europe

In this context, the Ibex 35 was trading at 7,955 integers, with most of its values ​​in 'red'. Solaria (-3.93%), Aena (-3.26%), Meliá (-3.24%), Amadeus (-2.66%), Grifols (-2.58%), Naturgy (-2, 30%), Acciona (-2.23%) and Acciona Energy (-2.16%) presented the greatest falls. On the other hand, only Colonial (+0.92%), Banco Sabadell (+0.37%), ArcelorMittal (+0.34%), Telefónica (+0.19%) and Acerinox ( +0.07%).

The rest of the European selective also recorded losses in the mid-session, with falls of 0.70% in London, 1.83% in Paris, 1.57% in Frankfurt and 1.32% in Milan.

Powell warns that the rate hike will cause “pain” to families and companies

The price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 101.69 dollars, with a rise of 0.69%, while the Texas traded at 93.93 dollars, after revaluing 0.93 %.

In the currency market, the euro traded slightly below parity with the dollar when trading at 0.9964 'greenbacks', while in the debt market the return on the 10-year Spanish bond exceeded 2.701% and the Spanish risk premium stood at 121 basis points.

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