The Ibex 35 has fallen 0.52% at the end of the session on Wednesday, but has managed to save the level of 9,000 points (specifically it has been placed at 9,012 points). The falls in the rest of the main stock exchanges of the Old Continent have been more dramatics with declines of 1% (Fts: -1.48%, Cac: -1.36%, Dax: -1.20%).
- 11.659,200
- 0,35%
The European stocks have been painted red by Wall Street. The main US indices hit a bump in the day yesterday, with declines of 3%. The fear of a recession in the face of the behavior of US bonds and the renewed doubts about the commercial war caused these sharp cuts. On Wednesday, Wall Street remains closed to honor the late former President George H.W. Bush.
Monday's optimism after the truce between China and the United Stateswas struck over the weekend seems to have evaporated. Instead, doubts have resurfaced about the possibility that finally, after the 90-day negotiation period, there won't be a tangible trade deal. In addition, the fear of a recession in the United States has been triggered by the behavior of the bonds, with the investment of yields of both 10 years and 2 years.
Many experts and also several members of the Federal Reserve have expressed their concern about the possible investment of both yields, since the last recessions in the US have been preceded by this phenomenon. The president of the Federal Reserve (Fed), Jerome Powell, recently said that this time "is different", because the economic circumstances have evolved. However, the concern in the market is evident.
This morning, it should be noted that a series of comments by Chinese authorities have calmed the mood in terms of trade war, although the stocks have not been able to avoid the red numbers. China has stated that the G20 trade meeting was "very successful", that it will implement the agreed specific points as soon as possible and that both countries will proactively push the negotiations within 90 days.
BUSINESS
Within the Ibex 35, once more, DIA (-5.40%) has been the most bearish company of the selective. Among the most affected values of the session is Mediaset (-2.07%) and Cie Automotive (-2.06%). In addition, ACS and ArcelorMittal, with a large presence in the US, have yielded 1.96% and 1.61%, respectively.
On the earnings side, IAG (2.11%) was the most bullish company after announcing that it has increased by 7.7% the number of passengers transported until November. Behind the group of airlines were Naturgy (0.40%) and Sabadell (0.37%).
OTHER MARKETS
In the currency market, the euro is exchanged for $ 1,1346. However, investors are more aware of everything related to Brexit after the first day of debate in the British Parliament, which was quite hectic. The possibility that Theresa May's agreement will finally fail is still there. Meanwhile, the pound is trying to recover after falling to 17-month lows.
Finally, regarding oil, the Brent crude oil barrel has risen by 1% at the close of the Spanish market and is valued at $ 62.70, when there are only a few hours left for the OPEC meeting to be held.
