The Ibex-35 closes flat while waiting for the Fed to rule

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Spain’s main stock index closed flat on Wednesday, holding out for the end of the Federal Reserve’s two-day meeting.

The attention of operators and investors is focused on the pace of increases that the Fed takes at the end of the meeting, with bets divided between increases of 0.75 and 1 basis point, with three-quarters of a point being the most likely.

Investors are also keeping an eye on comments from Fed monetary policy makers, waiting for clues indicating future directions.

The markets quickly digested the news that Russian President Vladimir Putin had decided to escalate the war in Ukraine, carrying out a partial mobilization and assuring that he would not back down in the face of “European nuclear blackmail”.

Thus, the selective Spanish stock market Ibex-35 closed with a fall of 0.90 points on Wednesday, 0.01%, to 7,872.20 points, while the index of large European securities FTSE Eurofirst 300 rose 0, 82%.

In the banking sector, Santander (BME:  ) lost 2.10%, BBVA (BME: BBVA ) posted 0.41%, Caixabank (BME: CABK ) lost 1.43%, Sabadell (BME:  ) fell 0.42%, and Bankinter (BME: BKT ) fell 0.34%.

Among the large non-financial stocks, Telefónica (BME: ) fell 3.08%, Inditex (BME: ITX ) advanced 0.91%, Iberdrola (BME: ) appreciated 1.30%, Cellnex (BME 🙂 gained 1.92% and oil company Repsol (BME: REP ) lost 0.59%.

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