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The Ibex remains stuck at 8,200, without reference to Wall Street

Bearish turn at the last minute The Ibex-35 finished the first session with a 0.

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The Ibex remains stuck at 8,200, without reference to Wall Street

Bearish turn at the last minute The Ibex-35 finished the first session with a 0.17 percent drop to 8,161 point. This is a far cry from the intraday highs of over 8,200 points.

Despite recent falls, investors' behavior shows that doubts over the evolution of inflation, and its impact on economic recovery, are still present in the mood market. Wall Street was closed Monday for the Fourth of July holiday, so the reference Wall Street was not available on Monday.

In the meantime, Prudence has been installed pending the publication of the minutes from the last meeting of both the Fed and the ECB. These will be announced next Wednesday or Thursday.

Link Securities analysts indicate that we will need to be aware of their contents as they will give us a better idea of central bankers' expectations about inflation and growth, and how they plan to handle it. .

Fluidra was the leader in the declines on the national trading floor with a drop of almost 5%. The banking sector was under the greatest pressure, suffering losses of 3.2% for Sabadell and 2.6% for Bankinter. CaixaBank suffered 1.7% losses. This happened on the same day that Financial Times published that the ECB is looking at ways to stop banks making additional profits from the ultra-cheap loans the institution provided in the pandemic.

BBVA was able to eliminate the decreases by a more than 1% increase at the close. Repsol was at the top with 2.6% advances.

Fixed-income investors sell sovereign debt to drive down bond prices and increase yields. The interest rate on the Spanish 10-year bond rose 4% to 2.4%. This is still a significant improvement from the 3% threshold that it crossed in the last few weeks.

The price of oil continues to rise in the raw material market. A barrel of Brent rate, which is the reference in Europe for crude oil, costs close to 112 dollars. West Texas's price trades at 108.4 Dollars.

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