The IBEX 35 falls 0.90% after opening on the day of the “quadruple witching hour”

The IBEX 35 falls 0.90% after opening on the day of the “quadruple witching hour”

Madrid, Sep 16 (EFE).- The main Spanish selective, the IBEX 35, falls 0.90% after the opening this Friday, although above 8,000 points, in a day that will be marked by the inflation of the eurozone and the “quadruple witching hour”, in which options and futures expire, and which tends to cause greater volatility.

At 9:15 am, the IBEX 35 is trading at 8,013.60 points after lowering that 0.90%. The accumulated losses in the year rise to 8.07%, while in the week that ends today it is 0.26%.

The Spanish stock market returns to negative ground today, affected by the downward trend recorded by Wall Street the day before, where investors continue to fear that the monetary policy of the central banks will cause a recession.

While equities fall, bond yields continue to rise in anticipation that central banks will continue to raise interest rates sharply.

In Europe, the ten-year German bond is close to 1.8%, and the Spanish, 3%. The Spanish risk premium stands at 113 basis points.

In the Old Continent, where the euro was trading at 0.998 dollars, the main markets also started the session with declines: Frankfurt lost 1.33%; Milan, 1.26%; Paris, 1%, and London, 0.42%.

Previously, in Asia, red numbers have also been imposed.

Tokyo’s Nikkei has lost more than 1%, while Shanghai is down more than 2% on a day in which the yuan, China’s official currency, fell below the psychological barrier of 7 units per dollar for the first time since August 2019.

In this context, futures on the main Wall Street indicators point to a bearish opening.

Meanwhile, in the raw materials market, Brent, Europe’s benchmark crude oil, rises today after the sharp cuts of the previous session.

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At this time, it advances 0.66%, to $91.4.

Within the Spanish market, only one value is trading on the rise; Siemens Gamesa, which rises a slight 0.08%.

On the contrary, the banking sector, which in the previous day registered strong gains, leads the falls.

Thus, Bankinter yields 2.82%; Melia Hotels, 2.63%; Sabadell, 2.45%, and BBVA, 2.36%.

Santander also drops 2.05%; Inditex, 1.25%; Iberdrola, 0.86%, and TelefΓ³nica, 0.05%.

Repsol, for its part, does not register changes.

(c) EFE Agency

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