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Monday, March 20, 2023

Ibex-35 crosses 8,000 mark while awaiting results from US

November 9 – The IBEX-35 crossed the 8,000 mark for the fourth consecutive session on Wednesday, for the first time in nearly two months, pending the attention of United States markets, its election results and its latest inflation data. ,

Complex recalculation of mid-term elections America It went ahead Tuesday without early figures reflecting the Republican “bounce” that many had expected, though the House of Representatives looked doomed to fall into the hands of former President Donald Trump’s party.

Faced with the prospect of a reduction in the legislative power of President Joe Biden, analysts at Renta4 pointed out that “the new financial stimulus will likely subside, with a potentially negative impact on growth but with a positive effect on inflation.”

“In the event of a Republican victory, we believe this could be positive for oil companies (less sanctions) and health (less reform) and negative for renewables (less support) and defense (less aid to Ukraine). Is”.

While waiting for some results that may still take time to be certain, investors will look to inflation figures. America On Thursday, that could dampen expectations if the upside is a surprise that the Fed will begin to ease the pace of monetary tightening.

So things, at 08:05 GMT On Wednesday, select Spanish stock exchange Ibex-35 rose 21.20 points 0.27% to 8,020.10, its highest level since September 15.

great european stock index FTSE Eurofirst 300 fell 0.11%.

In the banking sector, Santander lost 0.02%, BBVA 0.28% was recorded, Caixabank yielded 0.43%, Sabadell showed no change, and Bankcenter revalued 0.21%.

Among large non-financial stocks, Telefónica fell 0.28%, Inditex 0.13%, Iberdrola 1.64%, Selnext 0.21% and oil company Repsol down 0.46%.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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