The Ibex 35 falls 0.45% at the opening, to 9,035 points, after the Fed and pending the ECB

MADRID, 4 May.

The Ibex 35 falls 0.45% at the opening, to 9,035 points, after the Fed and pending the ECB


The Ibex 35 has started the session this Thursday with a drop of 0.45%, up to 9,035.5 points, after the decision of the United States Federal Reserve (Fed) to unanimously approve a rise in interest rates of 25 basis points, until placing them in a target range of between 5% and 5.25%.

Investors have woken up with the unemployment and Social Security affiliation data in Spain for the month of April: unemployment fell by 73,890 unemployed, while Social Security affiliation achieved its best April in history, with 238,436 new jobs .

Investors will be waiting this Thursday for the meeting of the European Central Bank (ECB), which will have to decide whether or not to raise rates, pressured by the year-on-year inflation rate in the euro zone, which accelerated one tenth in April compared to the previous month, thus reaching 7%.

In the early stages of the session this Thursday, the biggest increases within the Madrid selective were recorded by Repsol (1.78%) and Bankinter (0.14%), while on the opposite side, the most pronounced decreases were recorded by Aena (-4.67%), ArcelorMittal (-1.26%), CaixaBank (-1.09%), Banco Sabadell (-1.07%) and Grifols, which dropped almost 1%.

ArcelorMitall, which presented its results for the first quarter of 2023 early this Thursday, achieved an attributable net profit of 1,100 million dollars (992.4 million euros), which represents a decrease of 73.4% compared to the result accounted for in the first quarter of 2022, which was affected by the start of the war in Ukraine.

The main European stock markets also opened this Thursday with negative trends: 0.33% for Milan, 0.29% for Paris, 0.21% for London and 0.20% for Frankfurt.

At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 1.27%, to $73.25, while Texas stood at $69.27, a 0.98% more.

In the currency market, the price of the euro against the dollar stood at 1.1073 'green bills', while the Spanish risk premium was around 106.4 basis points, with the interest required on the 10-year bond at 3.330%.