MADRID, Oct. 20 (-) –
The Ibex 35 closed the week with a fall of 2.2%, reaching 9,029.1 points this Friday, thus maintaining the level of 9,000 integers, in a week marked by uncertainty about the consequences of the conflict between Israel and Hamas.
On Friday, the decline in the stock market was 1.29%. The markets reacted like this after on Thursday, the president of the United States Federal Reserve, Jerome Powell, assured that monetary policy was not “too restrictive” and that inflation remains “too high.”
This week it was also known that the interannual inflation rate in the euro zone was reduced by nine tenths in September, when it stood at 4.3%, which represents the lowest increase in price prices in almost two years.
“Next week will continue to be marked by the conflict in Israel, corporate results and economic data. Although investors continue to bet on a “soft landing” there is great concern about the difficulty of controlling inflation and how long rates will remain high. of interest, indicated XTB analyst Joaquín Robles.
In this context, only Unicaja Banco has closed in ‘green’ among all the Ibex 35 values, with an increase of 0.10%. For its part, Colonial has closed with flat growth.
Among the stocks with the worst performance this Friday are ArcelorMittal (-4.14%), Acciona (-3.27%), IAG (-2.67%), Grifols (-2.61%), Meliá (-2 .46%), Endesa (-2.36%) and Mapfre (-2.22%).
The rest of the main European stock markets have also turned ‘red’ in this session. London closed down 1.30%; Paris, 1.52%; Frankfurt, 1.64%; and Milan, 1.40%.
At the close of the European trading session, a barrel of Brent was trading at $93.30, up 1%, and West Texas Intermediate (WTI) was at $90.16, up 0.88%.
In the debt market, the yield on the Spanish bond with a 10-year maturity closed the week at 4.001%, from the 4.038% recorded at the close of Thursday. In this way, the risk premium against German debt has stood at 111.2 basis points, half a point above Thursday.
In the currency market, the euro appreciated a slight 0.06% against the dollar, reaching 1.0589 ‘greenbacks’ for each euro.
Next week will be marked, above all, by the monetary policy meeting of the European Central Bank (ECB), which will take place on Thursday in Athens, as well as by the publication of GDP data from the United States. Previously, on Tuesday, the United Kingdom unemployment rate and the Eurozone PMI index will be announced.
Germany’s Ifo business confidence index will also be released on Wednesday and Canada’s central bank will meet. The week will conclude on Friday with new data on Spain’s GDP and with the end of the European Council.
Among the Spanish listed companies, next week Enagás, Banco Santander, Fluidra, Iberdrola, Banco Sabadell, Repsol, IAG, CaixaBank, Catalana Occidente, Metrovacesa, FCC, Gestamp, Mapfre and Línea Directa, among others, will publish their quarterly results. Outside of Spain, Alphabet, Orange, Coca-Cola, Meta, Carrefour, Amazon, Danone or the large Chinese banks will do so.