The Spanish stock market opens in red, falls 0.54%, without relevant macro data

By: MRT Desk

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The Spanish stock market opens in red, falls 0.54%, without relevant macro data

The Spanish stock market has opened in red affected by the negative closing yesterday of Wall Street and falls 0.54%, in a session that will not have macroeconomic data of relevance to be a holiday in Spain, since it is celebrated on Constitution Day.

After the first minutes of the session, the Spanish selective, theIBEX 35, loses 45.10 points, that 0.54% and stands at 8,324 integers.

The European stock markets also registered falls although more moderate, so that while London yields 0.11%, Frankfurt, Paris and Milan lose 0.02%, in all cases.

TheEuro Stoxx 50, an index that includes the main European companies, also lost 0.11%.

The main index of the Tokyo Stock Exchange, theNikkei, rose 0.24% on Tuesday, encouraged by the weakness of the yen against the dollar and despite concerns about a possible rate hike by the US Federal Reserve (Fed).

Wall Street closed this Monday in red and its main indicator, theDow Jones Industrial Average, fell 1.40%, as the latest data from the US services sector raise concerns among investors that the Federal Reserve (Fed) will maintain its aggressive interest rate adjustment policy.

The publication yesterday of a reading of the purchasing managers’ index of the services sector well above analysts’ expectations, as well as the final figures of factory orders for October, also above the consensus projection, was very badly received by investors who see in the strength of the US economy and its labor market a high risk that the Federal Reserve (Fed) continue to raise rates.

Investors are also watching for the removal of some anti-pandemic restrictions in various parts of China, which has encouraged bets on the possible end of the “zero covid” policy, which has led to this country’s national currency, the yuan, trading at its strongest levels against the dollar since mid-September.

The onshore exchange rate, that is, the one operated in local markets, has fallen to 6,993 whole per dollar, thus falling from the psychological barrier of 7 for the first time since September 16.

In the IBEX 35, the biggest falls are forBankinter (BME:BKT), with 3,50 %; Banco Sabadell (BME:KNOW), with 2,07 %; Grifols(BME:GRLS), with 2.18 %, andAmadeus (BME:HOUSEWIFE), with 1.79%.

Leading the IBEX rises is Indra (BME:IDR), up 0.78%; Telefónica (BME:TEF), with 0,71%; Acciona (BME:ANNA), with 0,61 %; Iberdrola(BME:IBE), with 0.55%, and Solaria (BME:SLRS), with 0.52%.

The biggest fall in the continuum is also carried out by Bankinter, with that 3.50%, followed by Cash, with 2.74%, while the largest increases are for Inmobiliaria del Sur (BME:ISUR), up 5.87%; Alba rights, with 2.80%; Amrest, with 2.72%, and Opdenergy, with 1.78%.

In the debt market, the interest on the German ten-year bond, considered the benchmark, rises and stands at 1.885%, while the Spanish falls and stands at 2.875%.

As for raw materials, theBrent oil, a reference in Europe, rises 0.56% and the price of a barrel is at 83.14 dollars, while theWest Texas Intermediate(WTI), a benchmark in the US, also advanced 0.43% to $77.26 per barrel, before the official market opened.

ThegoldIt rises 0.14% and the troy ounce stands at $ 1,783.75.

The euro rises 0.13% against the “greenback” and is exchanged at $ 1,050.

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