The Ibex 35 has started the session this Thursday with a fall of 1.1%, which has led the selective to stand at 7,782.86 integers at 9:01 a.m., after the Reserva Federal (Fed) of USA has decided unanimously to approve a third consecutive rise in the country’s interest rates of 75 basis points, bringing them to a target range of between 3% and 3.25%.
This represents the highest price of money recorded by the country since January 2008, a few months before the crisis broke out that year with the bankruptcies of Bear Sterns y Lehman Brothers. In this context, Wall Street closed the session in the red, with losses of 1.7% for the Dow Jones, S&P 500 y Nasdaq. Behind the Fed, the market will be attentive to this Thursday’s meeting of the Bank of England, who decided to postpone it after the death of Elizabeth II. The hike is expected to be 50 basis points.
In this way, after falling 0.01% in yesterday’s session, the Madrid selective began the session clinging to the psychological level of 7,700 points, in an environment that continues to be marked by the energy crisis and the fear of a new tightening of monetary policy in light of the new inflation data. In the early stages of the session, most of the Ibex 35 stocks were trading in the red, led by IAG (-3,07%), Amadeus (-2,35%), Grifols (-2,27%), Cellnex Telecom (-2,27%), Indra (-1,75%), Inditex (-1,63%) y Ferrovial (-1,58%).
The rest of the European stock markets also opened lower with falls of more than 1% for Frankfurt, Paris and London. On the other hand, the price of a barrel of quality oil Brent, reference for the Old Continent, stood at a price of 89 dollars, with an increase of 0.1%, while the Texas it was placed at 82 dollars, after rising 0.05%. Finally, the price of the euro against the dollar stood at 0.9819 ‘greenbacks’, while the Spanish risk premium stood at 113 basis points, with the interest required on the ten-year bond at 3.056%.