The Ibex 35 has started the session this Monday with a fall of 0.3%, which has led the selective to stand at 7,962 integers at 9:01 a.m., in a week that will be marked by the decision of the Federal Reserve on interest rates, which could surprise with a rise of 100 basis points. The market will also be attentive to bank of england, decided to postpone the meeting after the death of Isabel II. The hike is expected to be 50 basis points.
In this way, after falling 1.25% in Friday’s session and placing the weekly decline at 0.6%, the Madrid selective began the session below the psychological level of 8,000 points, in an environment that continues to marked by the energy crisis and the fear of a further tightening of monetary policy in the face of new inflation data.
In the early stages of the session, the biggest drops in the Ibex 35 were scored ArcelorMittal (-1,6%), Merlin Properties (-1,47%), Inditex (-1,45%), Sacyr (-1,41%), Acerinox (-1,22%) y Mapfre (-1.19%), while on the opposite side they were Naturgy Energy (+1,7%), electrical network (+0,93%), Grifols (+0,48%), Iberdrola (+0,19%) y Bankinter (+0,12%).
The rest of the European stock markets also opened lower with falls of 0.6% for frankfurt y London and 0.9% for Paris. On the other hand, the price of a barrel of quality oil Brent, reference for the Old Continent, stood at a price of 90 dollars, with a decrease of 0.62%, while the Texas It was placed at 83 dollars, after falling 0.92%. Finally, the price of the euro against the dollar stood at 0.9973 ‘greenbacks’, while the Spanish risk premium stood at 113 basis points, with the interest required on the ten-year bond at 2.908%.