The Ibex 35 has recorded a decrease of 1.11% in the session on Monday, which has led it to move away from the 8,400 point barrier, on a day in which investors have been waiting for the appearance of The President of the European Central Bank (ECB), Christine Lagarde, in the European Parliament.
Lagarde has assured this Monday that the institution will raise interest rates as much as necessary to achieve stability and reach the “adequate phase”, after inflation in the euro area in October accelerated to 10.6%, a level that the central banker still does not consider a ceiling for the rise in prices.
In addition, he has indicated that the institution will pay attention to the upward trend in wages in the euro zone and its implications for inflation prospects in the medium term.
In this scenario, the Spanish selective has ended the trading day at 8,323.2 points, with most of its values in negative. Thus, only PharmaMar (+0.7%) and Sacyr (+0.46%) have closed in ‘green’.
On the other hand, the biggest falls have been presented by Mapfre (-5%), Fluidra (-3.48%), Red Electrica (-2.66%), Naturgy (-2.42%), Solaria (-2, 38%), Acciona Energy (-1.99%) and Repsol (-1.91%).
The main European markets have also ended the session with falls, of 0.17% in London, 0.7% in Paris, 1.09% in Frankfurt and 1.12% in Milan.
For its part, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 82.24 dollars, with a decrease of 1.63%, while Texas was trading at 75.78 dollars, with a fall of 0.66%.
In the currency market, the euro was losing ground against the dollar and was trading at 1.0384 ‘greenbacks’, while the Spanish risk premium stood at around 99 basis points, with the interest required on the bond at ten years in 2.974%.
