The Ibex 35 index closed down 1.16%, already looking at 11,100 points.
VALENCIA (EP). He The Ibex 35 ended Wednesday’s session down 1.16%.resulting in a decline of more than 130 points, reaching 11,145.1 whole numbers.
As data becomes available Inflation in Germany During the month of May, prices in the country will rise by 2.4% year on year, which is two tenths more than in April.
On the other hand, this Wednesday it also became known that workers in Germany received a nominal wage increase of 6.4% in the first quarter of 2024 compared to the same period in 2024, which discounts the effect of inflation at 2.5%. corresponded to a real improvement of 3.8%, the largest in the entire historical series.
The stock market’s decline this Wednesday came as European investors weighed Tuesday’s statements by the president of the Federal Reserve Bank of Minneapolis. Neel Kashkariwhich warned it needed several months of favorable data before considering interest rate cuts.
Thus, the market’s attention is now focused on today, when the Federal Reserve’s Beige Book will be published in the United States (fed), which will serve to prepare for the central bank meeting scheduled for June.
In this context, only three values ended the session positively: Indra (+1.87%), Amadeus (+0.57%) and Unicaja (+0.23%).
On the contrary, the biggest drops in the qualifying stage this Wednesday occurred in Action Energy (-4.30%), Solarium (-4%), Grifols (-3.62%), Action (-3.20%), ArcelorMittal (-3.05%) and MAG (-2.62%).
Negative dynamics are typical for the main European stock markets. London fell by 0.85%; Paris1.52%; Frankfurt1.10% and Milan1.47%.
On the raw materials market Brent barrel West Texas Intermediate (WTI) crude fell 0.84% to $83.51, while WTI was down 0.76% at $79.22.
In that debt marketThe yield on Spanish 10-year bonds rose this Wednesday to 3.441% from 3.349% on Tuesday. That puts the risk premium on German debt at 75.1 basis points, down six-tenths.
In that currency marketAt the end of the European stock market session, the euro depreciated 0.44% against the dollar until it traded at $1.0809 per euro.