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Thursday, February 2, 2023

Ibex-35 is wary of inflation in the US on the eve of the Fed’s decision

December 13 – The main Spanish stock index opened with losses on Tuesday, in a day of maximum expectation ahead of inflation data from the United States, a day before the Federal Reserve is to adopt a long-awaited decision on monetary policy.

November Data for Consumer Prices America (1330 gmt) could determine the magnitude of the interest rate hike the Fed will likely adopt on Wednesday in its fight against inflation, with its easing still uncertain.

“We recall that the latest inflation contexts are mixed, with output prices above expectations, but consumer inflation expectations improving,” Renta 4 said in a daily note.

Analysts expect normal rate Indian Penal Code Shows an annual increase of 7.3% in November, while the forecast for the underlying reading is +6.1%.

In addition to this pivotal appointment, the survey will be published during the session. Call December on the German economy, after learning that the Indian Penal Code The country’s final tally in November increased in line with expectations.

Beyond today’s session, the European Central Bank and the Bank of England will make their rate decisions on Thursday, as China continues to ease restrictions amid uncertainty over rising cases. covid-19.

So things at 8:05 am gmt On Tuesday, the Spanish Ibex-35 stock market index fell 16.40 points, or 0.20%, to 8,242.50, while an index of larger European ftse The EuroFirst 300 was up 0.23%.

Santander rose 0.29% in the banking sector, BBVA registered 0.18%, Caixabank advanced 0.30%, Sabadell fell 0.09%, and Bankinter rose 0.34%.

In broad non-financials, Telefonica fell 4.30%, Inditex Advanced 0.08%, Iberdrola fell 0.36%, Selnex fell 0.24% and oil company Repsol rose 0.67%.

PharmaMar lost 4.44% after the Ibex-35 Technical Advisory Committee announced its exclusion from the main Spanish stock market index at Monday’s close on December 19.

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