The Ibex index fell 2.6% this week due to rising geopolitical tensions and remained at 11,600 points.

After positive start to this weekas the Chinese stock market soars since Tuesday fear have hit stock markets in the face of Iran’s ballistic missile attack on Israel, reigniting tensions after nearly a year of renewed conflict in the Middle East. The escalating war has prompted Benjamin Netanyahu to respond with more attacks in Lebanon, and the senior leader is making it clear that this will not be his only response. However, the fall was contained. At Europe’s close, Wall Street finally took less of a hit than the Old Continent’s stock markets, thanks to the region’s latest employment data corresponding to September, down about 0.5% for the week.

These employment data showed the strength of the US economy, so the US Federal Reserve will not have to make cuts giant types, but simple. Moreover, it caused the dollar to strengthen against the euro, pushing the exchange rate below $1.10, a level not seen since August. On the other side of the Atlantic European stock markets are down about 2% in a weekwhich softened due to the growth of all continental indices over the last day. Also Ibex 35 fell 2.6% during this periodalthough it remains the most bullish in Europe this year and manages to remain above the 11,600-point barrier, at 11,659 points.

Europe is closing color from red completely in weekly balance, and two indices stand out as the biggest decliners: Italy’s Ftse Mib and France’s Cac 40. These indicators have accumulated a 3.2% decline, making them the most bearish on the continent. Meanwhile, continental and German exiles did not escape this. bleeding. He EuroStokes 50 go back 2.2%, while Dax falls to 1.8%. The worst hit is the Ftse 100 index, which is down 0.5% weekly.

The boost given to stock markets by China’s new economic stimulus package announced by its central bank last week was not enough to counter the blow to stock markets from rising tensions in the Middle East. However, Chinese stock markets have not felt the impact of these latest developments on their prices as they remain closed due to Golden weekIt is a celebration of the founding of the People’s Republic of China and takes place in the first week of October. Last week, the CSI 300 index managed to enter positive territory on an annual basis and recorded a 17% gain for the year, while the Hong Kong index had a 33% gain on an annual basis in the stock market as it remained open.

On the other hand, the West, which until Monday also benefited from the stimulus provided by the measures in the Asian country, lived in own meat consequences of the escalation of war in the Middle East. Investors have speculated on the possibility that the United States will cooperate in an Israeli offensive against Iranian oil bases, which will lead to higher prices for oil and radical rise in inflation in the USA. An increase in the CPI of this magnitude would make it impossible for the US Federal Reserve to continue the interest rate cuts it began in September (although employment data has put that worry to rest in investors’ minds).

While major stock indices fell, oil found positive momentum to push its price higher. Especially this Thursday, when the latest statements by United States President Joe Biden confirmed the possibility of cooperation in this attack on Iran’s crude oil reserves and led to a rapid rise in the barrel of Brent oil, which finally marked a new high for oil. year, 77.7 dollars. Based on the results of the session in Europe managed to reach $78.3 per barrel.levels at the end of August.

The most bullish and bearish of Capricorns

Only five Ibex 35 companies managed to escape the bleeding caused by geopolitical tensions this week. Repsol shares are considered the most bullish on a weekly basis, rising 5% thanks to rising oil prices. They keep hanging on it silver And bronzeSolaria and Indra, which rose 4% and 2.3% respectively. In turn, Rovi shares managed to gain 2%, while Grifols shares closed almost unchanged, up 0.7%.

Among those showing the worst results is the airline IAG, which is not benefiting from rising gasoline prices and investors are avoiding the company. Shares in parent company Iberia fell 10% in just one week. The other two worst performers were Unicaja, which fell 6.5%, and Ferrovial, which fell 6.2%.