The Ibex 35 falls 0.2% at the opening and loses 9,000 points after the Fed rate hike

MADRID, 23 Mar.

The Ibex 35 falls 0.2% at the opening and loses 9,000 points after the Fed rate hike

MADRID, 23 Mar. (EUROPA PRESS) -

The Ibex 35 has started the session this Thursday with a fall of 0.23%, which has led the Madrid selective to lose the level of 9,000 points, after the decision made yesterday by the United States Federal Reserve (Fed ) to raise interest rates by 25 basis points, until placing them in a target range of between 4.75% and 5%.

The president of the United States Federal Reserve (Fed), Jerome Powell, after warning that inflation continues "very high", reaffirmed his commitment to reduce it to around 2%.

Likewise, Powell also referred to the recent turmoil in the US financial system, with the intervention and collapse of Silicon Valley Bank (SVB) and Signature Bank at the forefront, stating that the "banking system is safe and resilient" and that, After the "decisive actions" taken together with the Treasury Department and the Federal Deposit Insurance Corporation (FDIC), "customer deposits are safe."

Without losing sight of the situation of the European and American banks, investors today will not lose detail of the Summit of leaders of the European Union, which starts this Thursday in Brussels and where the banking turmoil caused by the bankruptcy of the Silicon Valley Bank (SVB ) in the United States and the sale of Credit Suisse will mark the debate.

In addition, the market will be attentive to the forecasts for the eurozone economy, and the decision on the rate hike by the Swiss central bank and the Bank of England.

After losing 0.4% yesterday and standing at 9,009 points, the Ibex 35 began the session this Thursday at 8,988 integers, with the main European stock markets also down. Thus, there were decreases of 0.4% in London, 0.27% in Milan, 0.15% in Frankfurt, and 0.1% in Paris.

Within the Ibex 35, in the early stages of the session this Thursday, part of the bank weighed down the selective. Thus, the greatest setbacks were registered by Sabadell (-2.82%), Caixabank (-2.01%), BBVA (-1.97%), Unicaja and Bankinter (-1.67% in both cases).

On the contrary, ArcelorMittal (0.95%), Colonial (0.26%) and Enagás (0.09%) were the only values ​​that rose at the start of the day.

At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.6%, to 76.23 dollars, while Texas stood at 70.38 dollars. 0.73% less.

In the currency market, the price of the euro against the dollar stood at 1.0906 'green bills', while the Spanish risk premium stood at 103.2 basis points, with the interest required on the 10-year bond at 3.304%.

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