The Ibex 35 faces a new challenge following the confirmation of an interest rate hike by the ECB. With oil prices exceeding $100 per barrel, investors are assessing the impact of these factors on the market.
European markets are trying to stabilise after the anticipated interest rate hike from the European Central Bank (ECB). According to reports from expansion.com, a **25 basis points** increase is expected, raising the interest rate to **2.50%**.
Attention is focused on how the ECB will communicate future hikes, especially after the recent surge in oil prices, which have surpassed **$100** per barrel. This spike, driven by escalating tensions between the United States and Iran, represents one of the main inflationary concerns for investors.
In this context, the Ibex 35 has recorded a slight rebound, temporarily reaching **19,800 points** after several days of declines. Despite this, volatility remains, with companies like Inditex recovering some of their value after a tough day, while sectors such as steel producers are experiencing declines.
Energy stocks, including Iberdrola, Endesa, Acciona Energía, and Solaria, are showing a positive trend, contrasting with the performance of steel sector companies like Acerinox and ArcelorMittal, which are lagging behind.
The market situation is further complicated by the upcoming release of the United States consumer price index (CPI), which is expected to maintain inflation at **3.4%**. The decisions made by the Federal Reserve in its next meeting will be crucial for the market's direction.
You may also like
