The Ibex 35 leaves 5% in the week and is trading at a low of November 2020

The Ibex 35 leaves 5% in the week and is trading at a low of November 2020

The Ibex 35 leaves 5% in the week and is trading at a low of November 2020

The rise in rates and the fear of a recession has shaken the European stock markets this Friday, which have all ended in negative. The IBEX 35 has signed a new annual low.

The The US Federal Reserve unanimously approved a third consecutive rise in interest rates on Wednesday. of the country of 75 basic points, until placing them in a target range of between 3% and 3.25%.

This represents the highest price of money recorded by the country since January 2008, a few months before the crisis of that year was triggered with the bankruptcies of Bear Sterns and Lehman Brothers.

Private activity in the euro zone as a whole registered a contraction in September, until falling to its worst level in the last 20 monthsas reflected in the Composite Purchasing Managers’ Index (PMI), prepared by S&P Global, and which stood at 48.2 points, from 48.9 in August.

The Italian FTSE Mib has dropped 3.36%, the Ibex 35 2.46%, the EURO STOXX 50 2.29%, the ACC 40 French 2.28%, Dax 1.98% and the London FTSE 100 1.97%. Wall Street is also trading with declines at the close of Europe: the S&P 500 yields 2.15%, the DOW JONES Ind Average 1.95% and the NASDAQ100 1.86%.

The Japanese Nikkei 225 also ended this Friday down 0.58%.

In the Ibex 35, the values ​​that have fallen the most have been Grifols A. with 7.86%, Repsol 5.33%, IAG 4.17%, Meliá Hotels 3.98% and Inditex 3.84%. It has only ended in green Fluidra by revaluing 2.64%.

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On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 86.24 dollars, down 4.67%, while Texas stood at 78.89 dollars, after falling 5.51%.

Finally, the price of the euro against the dollar stood at 0.9722 ‘greenbacks’, while the Spanish risk premium stood at 111 basis points, with the interest required on the ten-year bond at 3.169%.

Looking ahead to the week ahead, investors will be watching for preliminary PMI releases from some of the major economies, as well as speeches from members of the Federal Reserve and the European Central Bank.

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