The European stock markets closed this Wednesday with losses in a day marked by the publication of the US CPI, which has been higher than expected in a context marked by inflationary pressures and the moderation in world economic growth. The IBEX 35 closed with losses of 0.61% and he left the 8,900 points that he had recovered the previous session. The Spanish index was the most bearish, dragged by banks, and Europe closed with a mixed tone. Milan lost 0.15%, while London, Frankfurt and Paris opted for gains of 0.17%, 0.63% and 0.75%, respectively.
This Wednesday, investors remained attentive to the publication of the CPI data for the United States, which rose to 5.4% year-on-year, one tenth more than in the previous month. Most analysts expected an annual inflation rate of 5.3% in September and the official data marked the highest level in thirteen years.
In addition, they are pending startup of business results in the North American country. In this context, the United States House of Representatives has approved extending the Government’s debt limit until the beginning of December, a measure that will now have to be signed by the country’s president, Joe Biden, to turn the measure into law, thus preventing the Administration from incurring in possible defaults.
Inflationary tensions have been fueled, in part, by the rise in energy prices, including oil. While waiting for today, the OPEC update its forecast on the evolution of the world crude oil market, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 83 dollars, with a decrease of 0.26%, while the Texas was placed in the 80 dollars, after falling 0.27%.
In the Ibex 35, the fall of banks stood out, especially of Sabadell, which left 6.8%. In addition, the rest of the sector completed the table as the most bearish of the session. Bankinter and Caixabank lost more than 4% each, while BBVA fell 3.6% and Santander, 3.2%. In addition, among the large stocks, Telefónica fell 1.5% and Repsol 1.23%. On the positive side, he highlighted Naturgy, while waiting to know the result of the IFM takeover bid, it gained 4.5%. What’s more, Solaria rose by 3.2% and Siemens Gamesa and Indra, more than 2.9% each. Iberdrola also rose 1.3% and Inditex 0.16%.
Finally, the price of the euro against the dollar stood at 1.1547 ‘greenbacks’, while the Spanish risk premium stood at 63 basis points, with the interest required for the ten-year bond at 0.516%.