MADRID, 20 Oct. (EUROPA PRESS) -
The Ibex 35 fell 1% in the mid-session and put 9,000 points at risk - a level that has not fallen since the beginning of April - as it was weighed down by almost all of its values, since only Unicaja and Merlín Properties escaped the losses, so the selective was specifically at 9,051.7 integers.
After a week marked by the conflict between Israel and the Islamic Resistance Movement (Hamas), which has driven up the price of oil, this Friday, with hardly any significant 'macro' references on the agenda, the stock market has been conditioned by the speech the day before by the president of the Federal Reserve (Fed), Jerome Powell, in which he noted that inflation remains "too high."
The main indicator of the Spanish market is also being affected this Friday by the monthly expiration of derivatives, which always generates certain distortion and volatility in the behavior of the stock markets, as recalled by Link Securities analysts.
In that sense, the Ibex has started with strong declines but managed to establish an upward trend that has brought it closer to the level of 9,100 points; However, shortly before noon, it collapsed again and now puts the entire 9,100 in danger.
Investors will also be attentive this stock market session to the statements of Elizabeth McCaul, of the European Central Bank (ECB), who is attending an event in Rome (Italy) this Friday, after it was known this Friday that German production prices in September They fell 14.7%, the largest decline since 1949.
For its part, the turnover of Spanish companies fell by 6.7% last August compared to the same month in 2022, increasing by almost three points the year-on-year decline experienced the previous month, as published by the National Institute of Statistics (INE).
In the middle section of the negotiation, the Ibex 35 turned 'red', with almost all the values in negative, since only Unicaja (0.72%) and Merlín Properties (0.1%) registered increases.
On the losses side, Grifols (-3.13%) stood out; ArcelorMittal (-2.95%); Endesa (-2.92%); Acciona Energía (-2.72%); Telefónica (-2.68%) and IAG (-2.52%).
Other important stocks in the selective also showed considerable declines, such as Iberdrola (-1.05%); Banco Santander (-1.03%); BBVa (-1.02%); Inditex (-1%) and Caixabank (-0.9%).
The main European stock markets also decidedly opted for the negative sign at midday: London lost 0.84%; Milan 0.9%; Paris 1.15% and Frankfurt 1.16%.
At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 93.34 dollars, 1.03% more, while that of Texas rose 1.24%, to the 90.48 dollars,
Raw materials have been affected by the escalation of tensions in the Middle East following the open war between Hamas and Israel, as well as the situation in Iran, in addition to pressures related to the conflict in Ukraine and the cut in supplies from Russia and Saudi Arabia.
Specifically, the price of a barrel of crude oil, both in its Brent and West Texas Intermediate variety, rose this Friday to maximum levels since the end of September due to uncertainty about the situation in the Middle East.
In the currency market, the euro was trading flat against the dollar, at 1.0586 'greenbacks', while the interest rate on the long-term Spanish bond was also trading unchanged and stood at 4.03%, with the risk premium (the differential with the German bond) at 110.5 points.
