US EditionThe Ibex 35 Is Left 9% in the Three Weeks of War in Iran and Is Below 16,800 Points
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4 Articles
On Friday, Ibex 35 lost 1.14% to 16,714 points, after turning around in a session in which it won more than 1.5%. Thus, after three weeks of conflict in Iran, the Spanish selective has been left 8.97% since the 18,360.80 with which it closed in the day before the beginning of the war. In this sense, the week has again been marked by offensives in the region’s energy infrastructure, which have triggered oil prices and inflation expectations.
The Ibex 35 closed the week influenced by oil prices and the imported inflation generated by the trade war with Iran. The prevailing market pattern is that every time crude oil prices ease, the market attempts to rebound; when Brent crude rises again, equities deflate. Read more
The Ibex 35 fell 1.14% on Friday, reaching a low of 16,714 points after reversing a session in which it had gained more than 1.5%. Three weeks after the start of the war in the Middle East, the Spanish benchmark index has dropped 8.97%, from 18,360.80 points at the close of trading the day before the conflict began. Since the attacks on the region's energy infrastructure began, rising hydrocarbon prices and expectations of unrealistic inflation …
Market Consensus Jaime Sicilia (Singular Bank) The main European indices closed again with important falls after starting the session with advances of more than 1%. New statements by President Trump criticizing NATO, and the perception that it will attempt to reopen the Strait of Ormuz through military operations, including possible ground operations, rekindled fears of a protracted conflict, returning pessimism to the markets. In addition, the…
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