Madrid (EFE) before tomorrow’s meeting of the European Central Bank (ECB), so that it can advance on the future of the basic lines of monetary policy.
At 11:00 the IBEX 35 left 227.7 points, 2.05%, and stood at 8,936.7 integers, weighed down mainly by the fall of banks and Inditex.
So far this year, the selective reduces its profits to 8.60%.
In the European markets, the Milan Stock Exchange fell 1.97%; that of Paris, 1.73%; London, 1.31%, and Frankfurt, 1.29%.
The Euro Stoxx 50, an index that includes the European companies with the largest capitalization, also lost 1.63%.
Already taking a further 50 basis point rate hike by the ECB for granted, European stock markets fear a tightening of monetary policy in the face of persistent core inflation and a resilient economy.
Year-on-year inflation in France stood at 6.3% in February, the National Institute of Statistics (Insee) announced on Wednesday when publishing the final results, which means three tenths more than in January and one tenth more than what was estimated. had anticipated the past day 28.
For its part, the futures of the New York Stock Exchange also advance falls, which are 0.64% for the Dow Jones; 0.62% for the S&P 500, and 0.20% for the Nasdaq.
In the IBEX 35, the biggest losses are for Banco Sabadell, which lost 5.71%, followed by Bankinter, with 4.85%; BBVA, with 4.72%; Santander, with 4.51%; Caixabank, with 4.06%; Meliá Hotels, with 3.96%, and Inditex, with 3.84%.
Inditex, which has presented results today, closed its fiscal year of 2022, the first with Marta Ortega at the head of the textile group, as the best year in its history, surpassing the pre-pandemic 2019 by more than 10% both in profits, by winning 4,130 million, as in income.
Only five values are found in green numbers: Iberdrola, which rises 1.2%; Acciona Energy, 0.74%; Telephone, 0.45%; Rovi, 0.40%, and Solaria, 0.17%, while Logista remains stable.
In the continuous market, the greatest fall is for Tubos Reunidos, which lost 7.24%, while the greatest gains are for Urbas, with 4%, followed by Vocento, with 2.29%.
In the debt market, the interest on the long-term Spanish bond stands at 3.414%, while the risk premium stands at 107.4 points.
As for oil, Brent, a benchmark in Europe, rose 0.80% to $78.06 a barrel, while West Texas Intermediate (WTI), a benchmark in the US, advanced 0. 83% and stands at $71.92, before the official opening of the market.
The euro falls 0.58% and changes to $1.067.