The Ibex 35 starts the session this Thursday with a 0.9% drop, bringing it down to 19,251 points, weighed down by uncertainty over Iran and its effect on oil. Brent is trading at $98.2 and WTI at $90.4.
The Ibex 35 has begun the day this Thursday in negative territory, with a 0.9% decline that has caused it to lose the level of 19,300 points and settle at 19,251 points, according to elperiodico.com. Investors are closely monitoring the developments in the Middle East due to their impact on crude prices.
In this context, the President of the United States, Donald Trump, has stated from the Oval Office that "the time is approaching" to make a definitive decision regarding Iran. The president suggested that his administration might opt for a deal to end the conflict or "perhaps blow them up," and assured that the situation in the Strait of Hormuz will conclude "very soon one way or another."
"Maybe we’ll blow them up. We have to make that decision. We’ll blow them up or make a deal, but the time is approaching"
When asked how to achieve a pact with a counterpart he described as "crazy" and "irrational," Trump responded with those words. His statements have contributed to maintaining volatility in energy markets.
The price of Brent oil, the European benchmark, rose by 0.1% at the opening of European markets, reaching $98.2 per barrel. The West Texas Intermediate (WTI), the US benchmark, remained virtually flat at $90.4 per barrel.
Within the Spanish selective, the only stocks that were trading positively in the early moments were Indra (+1.1%) and Solaria (+1%). On the downside, the largest declines were seen in Sabadell (-1.7%), Cellnex (-1.4%), Unicaja (-1.41%) and Caixabank (-1.35%).
The main European markets also opened negatively. London was down 1.1% at 9:09 AM, while Paris and Milano dropped 0.7% and Frankfurt 0.6%.
In the foreign exchange market, the euro lost ground against the dollar, trading at an exchange rate of $1.1316. In the debt market, the yield on the Spanish ten-year bond rose to 4.163%.
You may also like
