The website Ibex 35 sudden fall (-1.06%, 8,000 points) at the end of a very complicated week. Within the selective Repsol extends its short-term downtrend and investors take profits in the forex market. banks after the bullish rally of the past few days. In positive territory, Indra is the most optimistic headline after announcing that Amber Capital received permission to reach the 10% of capital. In addition, the group plans to appoint six independent directors following the controversial takeover of the group by the Spanish governmentin partnership with the Joseph Oughourlian fund.
It should be noted that bad news related to FedEx (withdrew its guidance for 2023 and anticipated significant cost reductions.) penalize European companies, such as Deutsche Post or Royal Mailwho suffer heavy losses.
In addition, Wall Street Wall Street fell more than 1% in a particularly negative week for US stocks.
The website energy crisis, with the measures of the European Commission (EC) to deal with the situation, and inflation data have undoubtedly been the highlight of the last few days. In fact, this Friday, inflation was again in the spotlight with the publication of the study of the August final CPI for the euro zone., which rose to 9.1%.
The website Inflation in August in the United Statesreleased on Tuesday, was another piece of bad news for markets as moderation was expected and ended up not being as large as expected, while the consumer price index (CPI) inflation rate of the European Union has increased. Core inflation rose more than expected. It has even led to speculation that the Federal Reserve (Fed) will raise rates by 100 basis points next week (September 20 and 21). However, the majority remains in favor of an increase of 75 basis points.
“This week has been particularly difficult for operatorsThe big question is what the Federal Reserve is going to do now regarding its monetary policy after the CPI figure. Yesterday we were also treated to a series of mixed economic figures. US retail sales and weekly claims for unemployment benefits confirmed that things are not so bad for the US economy.“says Naeem Aslam, Head of Research at UK-based AvaTrade.
” However, the question is how much the Fed will raise interest rates.given that inflation is not dead yet. The CPI figure released this week beat expectations at 8.1%, and many market participants are now wondering if the Fed will raise its interest rate by one percentage point. We maintain our position that the Fed’s monetary policy next week is likely to support market sentiment, as we believe the Fed’s monetary policy is likely to support market sentiment. the Fed will only raise the interest rate by 75 basis points.not by a full percentage point,” he adds.
Friday’s agenda also included UK Retail Sales in August (down 5.4% YoY, more than expected). and the University of Michigan Consumer Confidence Index is yet to be released. In addition, the S&P agency revises Spain’s rating..
The cuts made today in Europe come after Wall Street closed again yesterday with notable declines.The Nasdaq was down 1.4% and Asia was in the red early this morning, with losses of between 1-2% across all sectors. In China, the August retail sales rose 5.4%.higher than expected. Furthermore, the industrial production for the same month increased by 4.2 percent, which is above the forecast of 3.8 percent.
Finally, it should be remembered that Today was the penultimate “quadruple fatal hour” on the markets. (simultaneous expiration of stock futures, stock index futures, index options and stock options). This circumstance can increase the volatility of the day.
The euro is trading at $0.9985 (-0.14%). Oil is up 0.8% after falling 3% yesterday. Brent is at $91.61 and WTI at $85.67.
Gold is down moderately (-0.4%, $1,670) and silver is down 1.8% ($18.92).
Bitcoin plunges below $20,000 ($19,794) and Ethereum drops sharply (-7.45%, $1,468) after the successful close of “The Merge” this week.
The yield on the US 10-year bond is 3.469%.
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Fall of the Ibex 35, which defends 8,000 in a ‘quadruple sorcery’ session. – Chatborgne
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