The Ibex 35 started the session this Tuesday with a fall of 0.16%, which has led the selective to 8,807.4 integers at 9:01 am, after the US President Joe Biden announced yesterday his intention to nominate Jerome Powell for a second term as Chairman of the Board of Governors of the Federal Reserve System (Fed).

Powell has welcomed the nomination of Biden to be in charge of the central bank for a second four-year term and has vowed to curb inflation.

“We know that high inflation affects families, especially those less able to cope with the high costs of essential goods such as food, accommodation and transport. We will use our tools both to support the economy and the labor market and to prevent for high inflation to take hold, “said Powell.

Likewise, investors will be aware this week of the new restrictions derived from Covid-19 in countries such as Germany and Austria, the latter country where a general confinement of the population began yesterday.

In this way, after advancing 0.78% yesterday, the Madrid selective was clinging to the psychological level of 8,800 integers, with Siemens Gamesa leading the falls, with a decrease of 4.38%, followed by Telefónica (-2, 3%), Solaria (-1.05%), Fluidra (-0.98%), ACS (-0.91%) and Viscofan (-0.86%).

On the other side were Colonial (+ 1.3%), Aena (+ 1.07%), PharmaMar (+ 0.87%), Caixabank (+ 0.58%) and Naturgy Energy (+ 0.55% ).

The rest of the European stock markets opened with falls of 0.8% in the case of Frankfurt, Paris and London.

On the other hand, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 79 dollars, with a decrease of 0.55%, while Texas stood at 76 dollars, after drop 0.89%.

Finally, the price of the euro against the dollar stood at 1.1253 ‘greenbacks’, while the Spanish risk premium stood at 70 basis points, with the interest required on the ten-year bond at 0.449%.

Categorized in:

Market