Ibex moves hesitantly on the edge of 8100 points | markets

The European stocks They generally opt for increases, with the exception of London’s Ftse and Ibex 35. The main Spanish index started with 0.20% increases, but quickly turned lower and lost the 8100-point level. Yesterday, Selective decided to cut more than 1% due to geopolitical uncertainty and Wall Street closed in the red.

Within Spanish Eclecticism, Inmobiliaria Colonial is the value that rises the most, nearly 3%. It was followed by Sayer at 1.5%. Among the falls, Acciona and Inditex stand out.

On the macro agenda for today, the CPI October for the entire European monetary areabased on which the initial estimate of an annual recovery of 10.7% (+0.8 pg compared to September) is expected to be confirmed.

Wall Street ended yesterday with a slight decline of 0.12% in the Dow, after reporting that US retail sales rose strongly in October. Kansas City Federal Reserve Bank President Esther George told the Wall Street Journal that the Fed may not be able to adequately cool inflation without causing a recession.

Right now, money markets offer a 93% chance that the Fed will slow its rate hike by half a point on December 14, with only a 7% chance of another 75 basis point hike. However, traders still see the final rate closer to 5% for next summer from the current 3.75-4%.

Gold fell slightly to $1,772.62 an ounce after safe-haven demand waned. Crude oil continues to slide in Asia after settling more than a dollar lower overnight after Russian oil shipments were re-shipped via the Druzhba pipeline to Hungary and rising Covid-19 cases in China weighed on confidence.

Brent crude futures fell 62 cents, or 0.7%, to $92.24 a barrel, while US West Texas Intermediate crude futures fell 65 cents, or 0.8%, at $84.94 a barrel.