MADRID, 7 Mar. (EUROPA PRESS) -

The Ibex 35 has started the session this Tuesday with a drop of 0.15%, which has led the selective to lose the level of 9,500 points after closing yesterday at 9,511 integers, the highest since the end of February 2020.

Specifically, the Madrid selective began the session at 9,496.5 points on a day marked by the appearance of the president of the United States Federal Reserve (Fed), Jerome Powell, before the Senate Banking Committee, where he could give clues about what stance the Fed will take at this month's meeting on raising interest rates.

Investors are also watching some macro references, such as industrial production in Spain, factory orders in Germany and the Spanish Treasury auction, which expects to place between 4,500 million and 5,500 million euros this Tuesday in 6- and 12-month bills. .

In the early stages of the session on Tuesday, the biggest increases were recorded by Repsol (0.4%), Bankinter (0.26%) and Logista (0.26%), while on the opposite side were IAG ( -0.77%), Fluidra (-0.60%), Telefónica (-0.58%), Amadeus (-0.50%) and Grifols (-0.4%).

The rest of the European stock markets also opened with falls: London and Frankfurt lost almost 0.1%, while Paris and Milan dropped 0.2%.

Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 86.45 dollars, with an increase of 0.3%, while Texas was trading at 80.70 dollars, 0. 3% more.

In the foreign exchange market, the price of the euro against the dollar stood at 1.0682 'green tickets', while in the debt market, the interest required on the ten-year bond fell to 3.742%.