MADRID, 22 Ago. (EUROPA PRESS) –

The Ibex 35 has fallen this Monday below 8,300 integers, after registering a decrease of 0.64% at the close, which implies that in just four days it has suppressed all the advances that it had registered in the last two weeks and that they had led him to quote at 8,500 points.

Between August 1 and 16, the Madrid selective experienced a ‘rally’ with 12 consecutive rises, its longest streak since 2009. Last Tuesday it reached the level of 8,500 integers for the first time since June for, immediately afterwards, start to descend.

In this way, it has registered four consecutive days in negative, which leads it to stand at 8,284.8 integers, practically the same level at which it closed on August 8, of 8,272.5 points.

Among today’s references, the cut that the People’s Bank of China (BPC) has announced for the reference interest rates applied to one- and five-year bank loans stands out, which will go down to 3.65% in the case of twelve-month loans and 4.3% in longer-term loans, a reference for mortgages, as announced by the institution.

On the other hand, investors are awaiting the annual meeting of central bankers in Jackson Hole, which starts on Thursday. The market will be attentive to the speech of the president of the Federal Reserve (Fed) of the United States, Jerome Powell.

Renta 4 analysts indicate the market would not expect clues in Powell’s speech, although it is still debating how much the US central bank will raise interest rates next September, whether 50 or 75 basis points, after inflation July in the country has moderated its growth rate.

In addition, the European stock markets await news about the partial shutdown of the Nord Stream 1 gas pipeline, key to the supply of gas to central Europe, which will not work between August 31 and September 2, according to the Gazprom company, which has justified this shutdown for “maintenance” reasons.

In this scenario, the biggest drops in the Ibex 35 have been recorded by IAG (-3.72%), ACS (-3.48%), BBVA (-3.07%), Acerinox (-2.69%), Inditex (-2.54%), Bankinter (-1.87%) and Meliá (-1.61%).

On the contrary, on the positive ground have stood out the advances of Naturgy ( 2.06%), Rovi ( 2.06%), Acciona ( 1.55%), Electricity Grid ( 1.48%), Enagás ( 1.06%). 42%), Telefonica ( 1.36%), Acciona Energy ( 1.13%) and Repsol ( 1.03%).

The fall of the Ibex 35 contrasts with those registered by the rest of the European stock markets, of greater depth: Paris has closed with a decline of 1.80%; Frankfurt, 2.32%; and Milan, 1.64%. Only London has managed to finish the day better than Madrid, with a drop of 0.22%.

The price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 95.74 dollars, down 1.01%, while Texas traded at 90 dollars, after losing 0.85%.

In the foreign exchange market, the euro lost parity against the dollar when it was exchanged for 0.9936 dollars. In the debt market, the return on the 10-year Spanish bond exceeded 2.478% and the risk premium stood at 116 basis points.