The Ibex 35 starts the week with uncertainties following the rise in oil prices and the decline in the tech sector. The situation complicates as the meeting of the US Federal Reserve approaches.
The week begins with new uncertainties for the Ibex 35, which is trying to minimise downward pressures in a complicated environment. According to expansion.com, the surge in oil prices and the setback for tech companies, especially those linked to artificial intelligence, are significantly affecting the markets.
The Wednesday meeting of the Federal Reserve of the United States is emerging as a key factor, with the recent US CPI data raising expectations of a possible interest rate hike. The price of oil has reached $107 per barrel, driven by the suspension of negotiations and conflicts in energy infrastructure.
The rising financing costs add to concerns about the tech sector, which is in an intense race for investments in artificial intelligence. Major companies in the sector have issued calls to halt their development until greater safety in their applications is ensured.
In the European context, the ten-year bond yield in Spain is approaching 4%, while the German bond reaches 3.50%. The combination of these factors creates a climate of uncertainty in the Spanish stock market, which today is trying to stay close to 19,800 points.
You may also like
