The Ibex 35 began Thursday’s session with a 0.69% decline, causing the selective index to lose the 9,600 point level and reach 9,578.77 integers after the US Federal Reserve (Fed) at the end of the had made an interest rate decision on the European markets last year.
Specifically, the Fed’s Federal Open Market Committee (FOMC) decided this Wednesday to keep interest rates in the target range between 5.25% and 5.50%, adding 11 increases made since the start of the sequence in March 2022, which correspond to the Price of money has increased to its highest level since January 2001.
The US Federal Reserve has again paused its monetary tightening course after the 25 basis point increase in July. In this sense, Fed President Jerome Powell also reported that a renewed increase before the end of the year was not “out of the question”.
Investors’ attention this trading day will be on the monetary policy meetings of the Bank of England (BoE) and the Swiss National Bank. The Bank of Japan’s interest rate decision will be announced tomorrow.
Markets will also be paying close attention to the intervention of European Central Bank (ECB) President Christine Lagarde in France and German representative on the ECB’s board, Isabel Schnabel, in Frankfurt.
In Spain, the treasury expects to place between 5.5 and 6.5 billion euros this Thursday in an auction of government bonds and bonds with which it will complete the issuances for the month of September.
Among the macroeconomic references published today, new jobless claims and sales of second-hand houses in the United States stand out, as well as Spain’s trade balance and the French business survey.
At the start of Thursday’s session, IAG (+2.65%), Grifols (+0.35%), Enagás (+0.3%) and Redeia (+0.16%) recorded the largest gains within the Ibex 35.
However, the largest declines were recorded by Solaria (-1.12%), BBVA (-1.1%), Santander (-0.94%) and Bankinter (-0.23%).
The main European stock markets also opened this Thursday with a negative sign: 1.07% for Paris, 0.79% for Milan, 0.78% for Frankfurt and 0.6% for London.
At the opening of the market, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell by 1.07% to $92.53, while Texas was at $88.67, down 1.1%.
In the foreign exchange market, the price of the euro against the dollar rose to 1.0649 “greenbacks”, while in the debt market the interest rate on the 10-year Spanish bond rose to 3.795%.