The IBEX 35 fell by 1.16% this Thursday, losing the level of 10,700 points, influenced by the collapse of banks after the European Central Bank (ECB) maintained interest rates.
The main index of the Spanish stock market, the IBEX 35, lost 125.2 points, or 1.16%, to 10,649.8 points, the same level as three weeks ago. During the year it generates a profit of 5.42%.
In Europe, the euro is at $1.704, down 0.36%. Milan lost 0.96%, Frankfurt 0.79%, London 0.47% and Paris 0.27%.
This influenced mixed results in Asia, as Tokyo lost 0.35% and Hong Kong 0.26%, while Shanghai gained 0.23% and Seoul 0.07%. It was revealed that China’s consumer price index fell six-tenths year-on-year to 0.1% in March, bringing the country closer to deflation but potentially bringing new economic stimulus.
ECB meeting
The stock market gradually increased its losses and approached 10,600 points in anticipation of the ECB meeting and the statements of its President Christine Lagarde. Brent oil neared $91 on fears Iran could attack Israel.
Weekly jobless claims fell by 11,000 to 211,000 in the United States, and manufacturing prices in that country rose five-tenths year-on-year to 2.1% in March. Wall Street opened with a decline of 0.1%, which would increase
At the Eurogroup meeting, Germany refused to continue issuing debt after the end of the post-pandemic fund, while Lagarde again noted that the rate cut would not be decided until more data was known and inflation could fall further in June, although there are doubts among some experts about the amount and number of subsequent monetary price cuts that could be decided.
Loss of 10,600
The IBEX 35 lost the level of 10,600 points (0.6% at the national close) due to the rise in the case of Wall Street, but finally closed above this price as the banks’ losses were reduced (2.82%, according to the sector index) . ) and despite doubts about the interest rate cuts that the market expects from the ECB (they currently stand at 4.5%). The price of a barrel of Brent oil was $89.95 at the close of trading, down 0.59%.