European stock markets correct after Federal Reserve comments

The Ibex opens the session with decreases of 0.23% this Wednesday to 8,602 points. More rise: Almirall 1.4, BBVA 1% and Repsol 0.75%. Further down: Solaria 1.6%, Siemens Gamesa 1.47% and Merlin Properties 1.4%.

The day will be marked this Wednesday by the publication of the minutes of the United States Federal Reserve. At the same time, sanctions against Russia follow one another and interest on the debt rises. The Vice President of the Fed, Lael Brainardpointed out this Tuesday that the entity is prepared to take stronger action if the inflation outlook and indicators of inflation expectations suggest the need for such actionAs reported Reuters.

In the United States, the ten-year bond yield rises to 2.60%, in an area of ​​maximum three years. Sales reach Europe, with the consequent rise in interest. The yield of the German bund amounts to 0.6%, and that of the Spanish ten-year bond to 1.6%.

Asian stock markets have ended this Wednesday with declines, in line with the setbacks seen on Wall Street. Wall Street closed this Tuesday in the red and the Dow Jones Industrial Average, its main indicator, fell 0.80%, intensifying its losses in the last hour of the day after comments from representatives of the US Federal Reserve (Fed ) that point to a more aggressive policy in the face of high inflation.

At the end of trading on the New York Stock Exchange, the Dow Jones fell 280.70 points to 34,641.18, while the selective S&P 500 fell 1.26% or 57.52 units to 4,525.12, and The Nasdaq Composite Market Index fell 2.26%, or 328.39 points, to 14,204.17.

The United States and its allies are preparing this Wednesday new sanctions against Moscow for the murders of civilians that the President Volodymyr Zelensky described as “war crimes”while heavy fighting and Russian airstrikes attacked the besieged port of Mariupol. The southern city of Mariupol has been attacked by Russian forces and shelled constantly since the first days of the invasion nearly six weeks ago, trapping tens of thousands of residents without food, water or electricity.

The European Union (EU) has proposed sanctioning two daughters of Russian President Vladimir Putinin a move that would add pressure on the closest relatives of the Russian leader in response to the invasion of Ukraine, reports The Wall Street Journal on Wednesday.

Rosaviatsia, the Russian federal air transport agency, extended today until the next day 13 the provisional closure of eleven airports in the center and south of the countryin force since last February 24, when Russia launched its “special military operation” in Ukraine.

US chipmaker Intel said on Tuesday it has suspended business operations in Russia, joining a string of companies that have left the country following Ukraine’s invasion. The company, which last month had suspended shipments to customers in Russia and Belarus, said it has put business continuity measures in place to minimize disruption to its global operations.

German industrial orders fell more than expected in February due to weaker demand from abroad, according to data on Wednesday, as tight supplies, exploding energy prices and uncertainty related to Russia’s invasion of Ukraine curbed manufacturing activity.

Service-sector activity in China contracted at the fastest pace in two years in March as rising coronavirus cases restricted mobility and weighed on demand, a private-sector survey showed on Wednesday. The Caixin Services Purchasing Managers’ Index (PMI) fell to 42.0 in March from 50.2 in February, falling below the 50-point mark that separates growth from contraction on a monthly basis. The reading indicates the largest decline in activity since the start of the COVID-19 pandemic in February 2020.

Portugal’s first auction of licenses to build and operate floating solar plants on the surface of its reservoirs established a historic negative price of -4.13 euros per megawatt hour (MWh) for future production, the Environment Ministry reported on Tuesday. Portuguese environment.

The Ingka Group, owner of the majority of IKEA stores worldwide, has bought nine photovoltaic solar park projects in Germany and Spain for a total of 340 million euros ($373 million) as part of its initiative to generate more renewable energy than it consumes.

The German construction company Hochtief, controlled by the Spanish ACS, increased its stake in Cimic to 87.8%, Cimic president Juan Santamaría said Wednesday during the annual shareholders’ meeting.

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