The Ibex 35 has started the session this Wednesday with a rise of 2.93%which has led the selective to be in the 8,011.8 integers at 9:02 a.m.on a day that continues to be marked by the volatility of recent days in the face of the war between Russia and Ukraine and with crude oil rising.
In this scenario, the president of the United States, Joe Biden, has announced a ban on the import of oil, gas and coal from Russia, assuming that there may be other allies who, like the Europeans, cannot yet take a measure of this caliber. “We will not subsidize war (Vladimir) Putin,” Biden announced, in an appearance in which he advocated continuing to increase pressure on Russia after “the most significant package of economic sanctions in history.”
For his part, the Prime Minister of the United Kingdom, Boris Johnson, has underlined the need to reduce dependency on gas and Petroleum From Russiain the context of the conflict triggered by the Russian invasion of Ukraine.
After close Tuesday with a rise of 1.82%the Madrid selective rose above the psychological level of 8,000 points, after S&P Global has made a general downgrade in prospects for global economic growth as a consequence of the war in Ukraine, which in the case of Spain has meant a decrease of eight tenths for 2022, to 6.2%.
In the early stages of Wednesday’s session, all securities were trading in the green, except Repsol (-0.39%). The biggest advances were for Solaria (+6.24%), IAG (+4.97%), Bankinter (+4.82%), Sabadell (+4.72%), Siemens Gamesa (+4.68%) , Santander (+4.32%) and Caixabank (+4.31%).
For their part, Frankfurt and Paris woke up with a rise of more than 3% and London with more than 2%, awaiting the meeting of the European Central Bank (ECB) this Thursday.
On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 128 dollars, after rising 0.4%, while the Texas stood at 124 dollars, after advancing 0.4%. Finally, the price of the euro against the dollar stood at 1.0925 ‘greenbacks’, while the Spanish risk premium stood at 101 basis points, with the interest required on the ten-year bond at 1.043%.