Madrid (EFE) that the market analyzes the new rise in interest rates by the US Federal Reserve (Fed).
At 9.15 the IBEX 35 is trading at 8,990.50 points after giving up that 0.23%. Earnings accumulated in the year are reduced to 9.25%.
Within the Spanish market, the banks once again lead the losses of the selective: Sabadell yields 1.63%; BBVA, 1.61%; Unicaja, 1.08%; CaixaBank, 1.07%; Bankinter, 1.02%, and Santander, 0.72%.
On the earnings side, ArcelorMittal stands out, which adds 1.37%, followed by Cellnex, 1.05%, and Inmobiliaria Colonial, 0.52%.
The Spanish Stock Market maintains doubts this Thursday, as in the previous day, when waiting for the Fed, it closed with a decline of 0.44%.
The Fed raises interest rates again
After the closing in the European market, it became known that the Fed decided to raise interest rates again, by 25 basis points, despite the banking crisis.
Fed Chairman Jerome Powell said a rate cut this year was not part of the central bank’s “baseline expectation.”
He added that the recent turmoil in the banking sector could slow down the economy, which some interpreted as possibly limiting the agency’s next steps.
Likewise, the US Treasury Secretary, Janet Yellen, assured about the banking crisis that users of bankrupt entities would be protected, but that she does not plan to insure all bank deposits.
After all this, Wall Street reacted downward, and its main indicator, the Dow Jones Industrials, fell 1.63%.
Today it will once again be a central bank that will focus the attention of the market.
The Bank of England will announce its monetary policy decisions, with inflation rising to 10.4% in the UK in February.
Meanwhile, the leaders of the European Union will address the recent turbulence in the financial markets.
After yesterday’s falls, Wall Street futures point to a slight rebound, while moderate selling prevails in Europe.
With the euro rising, at $1.09, London subtracted 0.39%; Milan, 0.28%; Frankfurt, 0.19%, and Paris, 0.12%.
Brent, the benchmark crude oil in Europe, lost 0.82%, to $76.06, while in the debt market, the return on the ten-year Spanish bond dropped to 3.307%.