Ibex lead the recovery in Europe, touching 8900 points | markets

the European stocks Bounce in the last session of the week. Is it IBEX 35 Which rises more in the old continent after yesterday’s remarkable losses. It adds more than 1% and not only regains 8,800 points, but has reached 8,900. Today, the President of the European Central Bank, Christine Lagarde, is speaking again after yesterday Be aware that inflation in the Eurozone remains very highTherefore, the enterprise will maintain its course of monetary tightening.

Within Spanish eclecticism, Cellnex stock is up 8%. Its shares rose 11% on rumors of a takeover attempt North American telecommunications company American Tower and Brookfield Fund. ArcelorMittal and CaixaBank account for more than 1.5%, while Acerinox, BBVA, Inditex and Repsol account for more than 1%. On the loss side, ACS stands out, which fell 1.6%.

Across the Atlantic, most Asian stock markets are higher today. That was known Japan’s reference inflation rate, which excludes the impact of fresh food prices, reached 4% last December, three-tenths of the annual increase witnessed in the previous month, which represents the highest increase in the cost of living since 1981, according to data published by the Japanese government. Meanwhile, the dollar remains near its weakest level since May, with investors worried about the risks of a global recession as the Federal Reserve (Fed) pushes to raise interest rates.

Wall Street lost 0.76% last night. Last week’s labor market data continued to show strength despite the massive layoffs announced by major tech companies. This strength makes investors fear that the Fed will see that it still has room to continue raising interest rates, with the aim of calming the economy and reducing inflation further.

Boston Fed President Susan Collins said the central bank would probably have to raise interest rates “a little above” 5% and then keep them there, while Fed Vice Chair Lyle Brainard said that despite the recent moderation in Inflation, however, remains high and policy “needs to be tight enough for some time.”

These comments, in particular, “compound interest rate hike concerns,” said Tony Sycamore, an analyst at IG. “For you to come out and say we still need higher rates sparked the idea that the Fed really wants to deliver the 75 basis point rate hike it projected in December.” “The job market is too hot to turn back,” Sycamore added.

“The focus continues to be on economic uncertainty, and possible signs of the impact of higher interest rates and falling spreads, in the context of continued inflation. As disincentives, the process of normalizing activity can work after the pandemic and lower pressure on the currency, as the price of the dollar moderates,” they note in MacroYield.

In the raw materials market, the price of a barrel of high-quality Brent oil, the reference of the old continent, is $86, an increase of 0.94%. Finally, the euro leveled against the dollar at 1.0856 “green bonds”.