MADRID, 16 Dic. (EUROPA PRESS) -
The Ibex 35 has fallen by 2.13% this week, which has led it to stand at 8,126.0 integers, in a week marked by inflation data and central bank meetings.
In this Friday's session, the Ibex 35 fell by 1.29%. It should also be noted that the selective was not at the level of 8,100 integers since last November 21.
XTB analyst Darío García indicates that the week has been negative for risk markets, since the "false sign of effectiveness" of the Federal Reserve's (Fed) monetary policy, with more moderate inflation data in November in United States, has created "a bull trap" for investors.
In addition, the "more than discounted" rate hike of 50 basis points by the Fed, the European Central Bank (ECB), the Bank of England (BoE), the Swiss National Bank (SNB) and the Bank of Norway, it has been accompanied by "aggressive" speeches and economic forecasts for the next 2023. "Consequently, the equity indices have fallen sharply, losing the consolidation generated in recent weeks," he adds.
Within the Ibex 35, the analyst highlights the rises in the banking sector, led by Caixabank, Bankinter and Banco de Sabadell, which have been overshadowed by the general falls in the rest of the sectors. Energy, tourism and steel companies have accumulated "sharp falls" due to forecasts for consumption and demand.
This Friday it became known that year-on-year inflation in the euro area stood at 10.1% in November, which implies a drop compared to the all-time record of 10.6% registered in October, the first slowdown in its rise in 17 months. , although the correction was one tenth less intense than initially anticipated by Eurostat.
At the close of today's session, only banks have closed positively: CaixaBank (5.85%), Sabadell (4.85%), Bankinter (4.18%), BBVA (1.16%) and Santander ( 1.00%). The falls have been led by Meliá (-6.07%), Cellnex (-5.80%), Naturgy (-4.84%), Ferrovial (-4.46%) and Merlin (-3.71%).
As for the rest of the European indices, they have also closed negatively today, with a fall of 1.27% in London, 1.08% in Paris, 0.67% in Frankfurt and 0.16% in Milan.
A barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 78.99 dollars, with a decrease of 2.73%, while Texas stood at 74.26 dollars, with a fall of 2.47%.
Finally, the price of the euro against the dollar stood at 1.0612 'greenbacks', while the Spanish risk premium stood at 109 basis points, with the interest required on the ten-year bond at 3.235%.
For next week, investors will be awaiting the Bank of Japan (BoJ) rate decision and publications on the US real estate and mortgage market. García points out that the final revision of the GDP for the third quarter of the United States could exert pressure, although the market will focus, above all, on the price data for basic personal consumption (PCE, for its acronym in English) at the end of November.