The selective Spanish resists above 8,300 at the beginning of a week marked by the foreseeable increase in Fed rates
The Ibex 35 has started the session this Monday with a fall of 1.05%, which has led the selective to stand at 8,302 integers at 9:01 a.m., in a week that will be marked by the meeting of the Federal Reserve ( Fed) of the United States, where a rise in 50 basis pointsafter learning that inflation in the North American country rose again to 8.6% in May and is once again at its highest since 1981.
This week will also meet the Bank of Englandwhich could announce new rate increases.
As for the macro Data, Investors will be watching US retail sales and building permits, the ZEW index of investor sentiment in Germany, and industrial production in China.
In this way, after falling 3.6% on Friday and deepening the weekly fall to 3.8%, its biggest drop since March, the Madrid selective began the day clinging to the psychological level of the 8,300 points, with most values in red.
In the first bars of this Monday’s session, the biggest falls Cie Automotive (-4.14%), Acerinox (-2.92%), Santander (-2.7%), Fluidra (-2.53%), IAG (-2.36%), Meliá Hotels International (-2.12%) and Amadeus (-1.94%), while on the opposite side was only Red Eléctrica (+0.48%).
The rest of the European stock markets they opened with falls of 1% in the case of Frankfurt and Paris and 0.7% for London.
The price of crude oil barrel Brent, benchmark for Europe, stood at 120 dollars, with a decrease of 1.6%, while the barrel of WTI oil, benchmark for the US, fell 1.6%, to 118 dollars.
Lastly, the price of the euro against the dollar it stood at 1.0486 ‘greenbacks’.