The Ibex 35 moderates its fall to 0.3%, but loses 7,600 integers

MADRID, 19 Oct.

The Ibex 35 moderates its fall to 0.3%, but loses 7,600 integers

MADRID, 19 Oct. (EUROPA PRESS) -

The Ibex 35 has moderated its fall to 0.35% at the close of the session, after having lost 1% during the day, although it has closed below the barrier of 7,600 integers that it conquered in yesterday's session .

Specifically, the selective closed at 7,583.6 points, with Indra (3.70%), Repsol (2.21%), Sacyr (1.33%), IAG (1.23%), Sacyr (0 .84%) and Mapfre (0.61%) at the head of the promotions.

On the contrary, in 'red' Fluidra has stood out, which plummeted 14.83% after estimating a reduction in sales and gross operating profit (Ebitda) in the third quarter of this year in an environment of greater economic uncertainty, leading to weaker demand.

Behind Fluidra, the biggest falls were for PharmaMar (-4.38%), Solaria (-3.32%), Cellnex (-3.28%), Grifols (-3.03%) and Colonial (- 2.94%).

The market has learned that the interannual inflation rate in the euro area stood at 9.9% last September, which marks a new historical record and represents an acceleration of eight tenths compared to that registered in August, although it remains one tenth below the first estimate of 10% published by Eurostat.

"Despite the revision of one tenth with respect to the preliminary, inflation remains close to the maximum in its series and the risks are biased to the upside. Expectations that the ECB will raise rates at its next meeting (October 27) remain in around 75 basic points", Bankinter analysts have pointed out after knowing the data.

In the United Kingdom, inflation returned to highs after rising to 10.1% in September and the Bank of England (BoE) has announced that it will carry out the first sale of United Kingdom sovereign bonds ('gilts') on the 1st of November, instead of October 31, confirming that it expects to carry out more sales operations in the fourth quarter "of a similar size and frequency as previously announced".

In the United States, President Joe Biden has announced that the Department of Energy will release this Wednesday 15 million barrels from the country's Strategic Petroleum Reserve (SPR) with the aim of being delivered in December. The measure seeks to strengthen energy security, address supply shortages and reduce costs.

In addition, investors are awaiting the publication of the 'beige book' of the United States Federal Reserve (Fed) and that may provide clues for the central bank's November 2 meeting. The market is discounting two increases of more than 75 basis points both at the Fed's next meeting and on December 14.

The rest of the European stock markets have also ended with slight declines, 0.17% in London, 0.43% in Paris, 0.19% in Frankfurt and 0.22% in Milan.

Likewise, a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 90.87 dollars this Wednesday, with a rise of 0.92%, while the Texas stood at 83.46 dollars , with a rise of 0.77%.

Finally, the price of the euro against the dollar stood at 0.9784 'greenbacks', while the Spanish risk premium stood at 115 basis points, with the interest required on the ten-year bond at 3.512%.

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