The Ibex falls 0.12% and breaks a streak of six sessions on the rise, but maintains 9,800 points

MADRID, 21 Nov.

The Ibex falls 0.12% and breaks a streak of six sessions on the rise, but maintains 9,800 points


The Ibex 35 closed this Tuesday with a fall of 0.12%, reaching 9,827.5 points, which means that it has seen a streak of six consecutive days on the rise interrupted without damaging its position at the highest levels of the year, which had not previously been seen since February 2020, just before the Covid-19 pandemic spread across Europe.

The Spanish index has remained stable compared to yesterday's close during a day devoid of macroeconomic references, except for a moment in the middle section of the negotiation in which it hesitated to lose the level of 9,800 points, however, shortly time has moderated the decline until closing with that decrease of 0.12%.

On the other hand, the markets will be attentive this Tuesday - with the European stock markets already closed - to the publication of the minutes of the last monetary policy meeting of the United States Federal Reserve (Fed), in which rates were left unchanged. changes in 5.25-5.5%.

Banca March experts have indicated in a report that investors will look in the minutes for "new clues about the path that rates will take from the December meeting and the committee's main concerns, especially regarding inflation."

For their part, Renta 4 analysts have highlighted the messages from some members of the European Central Bank (ECB) who consider it "premature" to think about reducing rates, including the governor of the Bank of Spain, Pablo Hernández de Cos, who explained yesterday that The decision to maintain current rates for a "long enough" time could serve to achieve the 2% inflation target in the medium term.

In this context, at the close of the session the biggest increases within the Ibex 35 have been those of Banco Sabadell (2.1%), Ferrovial (1.69%), Inditex (1.51%) and ACS (0.61% ). On the other hand, Acciona Energía has led the losses by losing 4.69%, followed by IAG (-4.37%), Acciona (-4.31%), Merlín (-3.45%), Colonial (- -2.93%) and Solaria (-2.12%).

The main European markets have also concluded trading this Tuesday with corrections: London has dropped 0.19%, Paris 0.24% and Milan 1.32%, while Frankfurt has repeated its result (0.00% ).

In the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, was above 81.9 dollars, 0.5% less, while that of Texas fell 0. 63%, up to $77.35.

In the currency market, the price of the euro depreciated 0.17% against the dollar, to 1.0922 'greenbacks', while the interest on the long-term Spanish bond closed at 3.555% after subtracting four basis points, with the risk premium (the differential with the German bond) at 99.2 points.