MADRID, 10 Jun. (EUROPA PRESS) –
The Ibex 35 extended its fall in the mid-session this Friday, until registering a decline of 2%, which led it to fall to the level of 8,500 integers, after yesterday’s meeting of the European Central Bank (ECB) where it was announced the end of its net purchases of public assets and the first increase of 25 basis points in June. In addition, the banking supervisor also worsened its forecasts for this year for the eurozone economy, although it still maintains its growth estimates.
Renta 4 analysts point to the cuts that the main US indices registered yesterday, between 2% and 3%, with the “fundamental fear” of a greater economic slowdown and inflation “that will remain high for longer time than expected”, which puts pressure on central banks to speed up the normalization of monetary policy.
In this sense, investors are awaiting today the publication of the CPI data in the United States corresponding to the month of May, with a forecast by the market that it will be around 8.2% or 8.3%, compared to 8.3% in April and the maximum of 8.5% registered in March. Specifically, they are waiting to confirm or not that the inflation ceiling has already been reached in the American country.
In Spain, today the INE has confirmed that the CPI rose 0.8% in May in relation to the previous month and increased its interannual rate four tenths, up to 8.7%, due to the rise in gasoline prices, restaurants and of food.
The inflation figure for China has also been released, which stood at 2.1% year-on-year, in line with the rise in prices during the month of April.
Similarly, the State Statistical Service of Ukraine has stated that the country’s GDP shrank by 19.3% in the first quarter of the year, compared to the previous three months. Compared to the first three months of 2021, the Ukrainian economy fell by 15.1%.
In this context, the Ibex 35 was trading at 8,543.9 integers, with the vast majority of its values ??in ‘red’, highlighting the falls in banking. Specifically, BBVA (-4.44%), Endesa (-3.93%), Banco Santander (-3.56%), Naturgy (-3.38%), Almirall (-2.95%), Colonial (-2.85%) and CaixaBank (-2.28%) were the ones that registered the greatest setbacks in the middle of the session. On the other hand, only Aena (0.61%) and ACS (0.31%) were positive.
The rest of the European stock markets also traded with falls, 1.18% in London, 1.28% in Paris, 1.39% in Frankfurt and 2.76% in Milan.
The price of a barrel of Brent crude, a reference for Europe, stood at 123.73 dollars, with an increase of 0.54%, while a barrel of WTI oil, a reference for the US, rose 0. 44%, to $122.05.
Finally, the price of the euro against the dollar stood at 1.0597 ‘greenbacks’, while the Spanish risk premium reached 123 basis points, with the interest required on the ten-year bond at 2.640%.
