Ibex loses 9,900 points at start of Fed week

European stock markets ended the first Fed meeting of the week with a massive decline due to rising geopolitical tensions and doubts generated by China’s real estate sector. The Ibex index fell 0.47% due to the ACS and will start tomorrow at 9890.30 points.

The first meeting of the US Federal Reserve this year was the most notable event of the week. But until Wednesday’s results are known, financial markets will face new threats and pressures similar to those emerging today on fronts as diverse as China and the Middle East.

IN China Stocks have succumbed to the worries that their real estate market has once again created. Hong Kong court rules on liquidation of developer Evergrande, the most indebted country in the world, with a debt of nearly $300 billion for many years. The property giant plunged more than 20% in the stock market, with downward pressure that spread to the brick and mortar sector key to the 0.9% loss that the CSI 300 index closed with today.

Warnings about China’s property market earlier in the week were coupled with a new rise in property prices in China. geopolitical tensions in the Middle East. A drone attack in Jordan on US troops has resulted in at least three casualties among their ranks. US President Joe Biden has already vowed to respond to the action, which joins attacks by Houthi rebels that are complicating maritime transport through the Red Sea.

Capricorn 35

Spanish stock market remained predominantly cautious last week, resulting in a slight increase of 0.8%. Ibex is not only stuck below 10,000 points but has even lost 9,900 points today. Adding to the pressure from China and the Middle East is the uncertainty generated by what is expected to be the biggest week for business results in international markets. As a result of trading, it fell by 0.47% and ended the session at 9890.30 points.

Ibex blamed the brakes ACSfell 9.99% after the Supreme Court rejected Abertis’ claim to pay the state 4 billion euros for the AP-7.

They have also reduced the values ​​most associated with tourism. Airline MAG refused 0.89%, Melia1.89% and Amadeus0.79%.

Solarium it failed to stop the correction that started 2024. The decline worsened last Friday, losing 7.19%, amid a growing assault on value by bearish firms. Today there is still 1.19% left.

During the week of the presentation of the results of two large banks, their shares ended with mixed dynamics. Those from BBVA increased by 0.27%, and Santander They reduced 2.07%.

Actions Repsol They already shone last Friday with the highest growth for the entire Ibex, 1.89%, and today they added another 1.60%, giving way only to the rebound Grifols (+4.27%).

The Spanish stock market saw a 72% increase in one day. Esentis was the protagonist of this rally in the General Index of the Madrid Stock Exchange. The company returned to trading today after more than a year of stock market hiatus, and investors have begun taking value positions.

European stock market

European shares closed with a general decline, from which the French Cac (+0.09%) escaped. The German Dax fell 0.12%; Italian Mib – 0.48% and British Ftse – 0.03%.

The presentation of the results was reflected in quotes such as Phillipswith a drop of 4.4%, and especially Eutelsat, fell 14.5% on the stock market. When Bayer The 4.9% loss was due to a new contrary US regulation on glyphosate. The growth chapter highlights the Swiss cement giant’s 4.7% advances. Holcim when announcing the spin-off of its North American business.

Euro, debt, gold and bitcoin

The countdown to the tone adopted by the Federal Reserve on Wednesday includes a drought of noteworthy macro data today. Investors decided to take positions in dollar. Community currency sometimes loses the $1.08 threshold. When lb. British, its price falls below $1.27 three days before the Bank of England meeting.

Investors are watching the movement debt interest ahead of the Federal Reserve meeting on Wednesday. The first portfolio adjustments in the bond market in a week led to a drop in yields. The required yield on 10-year US bonds is expected to be 4.10%. In Europe, the interest rate on German bonds is around 2.25%, while on Spanish ten-year bonds it falls below 3.15%.

Despite fears of expanding conflict in the Middle East, the price Oil moderated. A barrel of Brent is trading around $82. The West Texas style barrel, the US standard, exchanges for $76.

New heightened geopolitical tensions in the Middle East raise the price gold increase your cushion above $2,000 per ounce. The precious metal rebounded to $2,025. The last few days have also brought a more optimistic signal in the market. bitcoinwhich restores the $43,000 threshold again.