November 10 (Reuters) – The Ibex-35 broke on Thursday with a streak of four positive sessions, in an uncertain environment waiting for the October inflation data to be published in the US, while the fear of the collapse of cryptocurrencies imposed certain cautela.
“We will see if the general inflation ceiling marked in June (9.1%) continues to be confirmed, although we remember that the underlying peaked in September, with attention to its effect on the TIRs and the expectations of rate hikes (the market places now the level of arrival of the types in the 5% vs 4% real), which could give more life to the rally of the last month in the stock markets or, on the contrary, resume the downward trend of the last year”, said the casa de valores Renta 4 en su nota de análisis diario.
The climate in the stock markets was still conditioned by the count of the US mid-term elections, which point to a pause in economic stimulus measures before the control of the Republican House de interes.
“It seems that we are facing a two-year parliamentary blockade in the EU where the approval of new legislation will be difficult,” Renta 4 said.
On the other hand, the markets have been seen disturbed by the debacle that is being produced in the cryptocurrency exchange FTX after its competitor Binance backed away from a possible rescue after carrying out the ‘duediligence’ process.
“If FTX does not receive an injection of immediate liquidity, it will go bankrupt”, said Thursday Lennix Lai, Director of Financial Markets of OKX, to whom the General Director of FTX, Sam Bankman-Fried, requested on Monday an injection from 2,000 and 4,000 million dollars.
In this context, at 08:05 GMT del Jueves, el selectivo bursátil español Ibex-35 caía 51.70 points, up 0.64%, has 7,988.70 points, a little time which is the price of Europe’s great value 0 .64% un 0.40%.
In the banking sector, Santander lost 1.26%, BBVA lost 0.49%, Caixabank lost 0.95%, Sabadell fell 0.47%, and Bankinter lost 0.48%.
Among the major financial stocks, Telefónica fell by 0.14%, Inditex fell by 1.48%, Iberdrola fell by 0.05%, Cellnex fell by 0.73% and the petrol company Repsol lost by 1.11%.
(Information by Flora Gómez, additional information by Georgina Lee, Edited by Tomás Cobos)