The Ibex remains on guard
The messages emerging from the meeting between Donald Trump and Xi Jinping are keeping markets on edge, once again gripped by the price of oil over $100 and the escalation in debt interest. The Ibex is once again hitting the brakes.
The Ibex remains vigilant as market pressures persist, driven by oil prices above $100 and rising debt interest rates. Repsol and Solaria provide support to the Ibex, but investors are cautious due to an uncertain day ahead. The main focus is on the anticipated meeting between Donald Trump and Xi Jinping, with cordial initial receptions and potential developments on trade wars, AI development, and geopolitical conflicts.
Fluctuations in the global economy, such as high oil prices, the US debt interest rates, and China's CSI 300 index decline, create uncertainty in the markets. While Repsol and Solaria appear to offer some relief, the Ibex faces challenges from other companies like Inditex and H&M. The European Stoxx 600 index also shows slight declines.
Technology stocks, particularly those related to chips, are experiencing general declines, while H&M's stock is down after reporting its results. BMW's decline is attributed to a downgrade by HSBC, and Stellantis also saw a drop in vehicle sales in August. Despite these negative indicators, the British pound and the euro briefly recovered, while Bitcoin struggled to maintain its upward momentum, falling below $85,000.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
