MADRID, 17 Mar. (EUROPA PRESS) -
The Ibex 35 reversed its trend at mid-session and dropped 0.2% after 12:00, which led the selective to stand at 8,873.8 integers, on a day in which the first 'quadruple witch hour' takes place ' of the year, a phenomenon that usually causes high volatility in the markets.
Thus, this Friday the options and futures on indices and shares expire both in Europe and in the United States, in a context marked by the rescue of the First Republic Bank by the large US banks, which will inject 30,000 million dollars into the entity.
In this context, the Supervisory Board of the European Central Bank (ECB), led by Andrea Enria, met this Friday in an extraordinary way to assess the situation in the financial markets and the banking sector after the recent turbulence, as confirmed by the issuing institute.
In this way, after starting the day with a rise of 0.5%, the Madrid selective lost the psychological level of 8,900 points, after learning that the year-on-year inflation rate in the euro area stood at 8.5 in February. %, which implies a drop of one tenth compared to the January data, as confirmed by the community statistical office, Eurostat, while the underlying rate, which excludes the effect of energy and food, climbed to a record of 5.6 %.
At mid-session, the biggest falls were recorded by Cellnex Telecom (-2.07%), Aena (-2.05%), Acciona Energía (-1.9%), Meliá Hotels International (-1.34%) and Endesa (-1.3%), while on the opposite side Grifols rose 2.43%, followed by Acerinox (2.37%), Repsol (2.1%), Caixabank (1.31%) and Mapfre (1.04%).
The rest of the European stock markets traded with losses of 0.27% for Paris and 0.16% for Frankfurt, while London advanced 0.1%.
On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 74.71 dollars, with a rise of 0.04%, while Texas stood at 68, $59, after rising 0.35%.
Finally, the price of the euro against the dollar stood at 1.0622 'greenbacks', while the Spanish risk premium stood at 110 basis points, with the interest required on the ten-year bond at 3.29%. .