The Ibex 35 runs into nerves again for the US and loses the 9,200 barrier

Nervousness seizes the bags. The falls in Wall Street and Asia infect the stock markets of the Old Continent. The Ibex 35 starts the day with a drop of more than 0.85%, which leads it to lose the barrier of 9,200 points on a day when the The United States will once again be the protagonist. The entrenchment of the debt ceiling negotiations after the meeting between Republicans and Democrats ended on Tuesday without agreement shook the New York parquet in which the Nasdaq and the S&P500 they cut more than 1%.

Investors have begun to show some concern about the lack of understanding between both parties and took the opportunity to collect benefits in those sectors that have risen the most so far this year. The increase in concern also affects the volumes of activity, which aim to be reduced pending the clarification of doubts about the possible ‘default’ in the United States. Plus this Wednesday the minutes of the Federal Reserve are published from the last meeting in which they decided to apply a rate increase of 25 basis points, until placing the reference rate at 5.25%.

“We do not expect great news after the recent statements by its president, Jerome Powell, in which he came to anticipate that it is very likely that the Fed take a break in your rate hike process, since the crisis that the sector has gone through American bank will play in favor of the interests of the central bankby causing a restriction of credit, a fact that has similar effects on the economy as increases in official rates,” they point out from Link Securities.

In Europe, where the evolution of events on the other side of the Atlantic will be pending, the falls are pronounced in the four main markets with cuts of over 1% in Paris, Frankfurt, Milan and London. Back in Spain, it only remains on positive ground Telefónica, with an increase of 0.35%. The rest of the values ​​succumb to red with Melia (-3,11%), Merlin Properties (-2,67%), ArcelorMittal (-2%) y Aena (-1.92%) at the head of the cuts.

In other markets, the price of a barrel of Brent oil, a reference for the Old Continent, rose 0.94% at the opening, to $77.56, while Texas bounced 1.14% and reached $73.73. At the opening of the European Stock Exchanges, the The value of the euro against the dollar was placed at 1.0777 ‘green bills’while, in the debt market, the interest required on the Spanish ten-year bond stood at 3.546%.