The European stock markets woke up with the news that some members of the Federal Reserve are in favor of starting to discuss the reduction of debt purchases in future meetings, an idea that according to the behavior of the stock markets had already been discounted by the market. Although the withdrawal of stimulus is seen as one of the main threats, investors did not want to miss the opportunity and bet on the comeback. The Ibex 35 experienced a day of high volatility in which it went from falling below 9,000 points to closing above 9,100 points, a level that it lost a day earlier. The upward opening of Wall Street and the truce given by the debt market contributed to the selective ending the session with a rise of 0.59%.
Despite avoiding losses, the Ibex 35 lagged behind the rest of the European Stock Exchanges. In a day in which growth listed companies such as technology companies led the increases (2.71%), the German Dax advanced 1.7%, closely followed by the French Cac (1.29%), the British FTSE (1%) and the Italian Eb (0.88%). On the other side of the Atlantic, the Nasdaq has scored 1.77%, while the Dow Jones has added 0.55%.
In the Spanish Stock Market, defensive stocks led the increases. Solaria and Cellnex were up 3.82% and 2.69%, respectively. They were joined by Amadeus (1.95%), Pharma Mar (1.8%), Iberdrola (1.77%) and Siemens Gamesa (1.45%). On the opposite side were IAG (-1.19%), Meliá (-0.98%) and Merlin Properties (-0.83%).
In the debt market, yields put a stop to the escalation. The yield of the Spanish 10-year bond fell 0.6% in a day in which the Treasury placed 5,385.5 million euros in bonds and obligations at three, seven and ten years. The US debt for the same term falls from 1.67% to 1.62% while the German bond rises and stands at the edge of -0.1%, maximum of two years.
In the commodities market, the Brent has added its third consecutive session down with a fall of 2.36% and has lost the 66 dollars after several diplomats recognized that there have been advances in the negotiations between the United States and Iran to return to the nuclear pact. An agreement between both parties would mean the lifting of sanctions on Tehran and its subsequent return to the oil market.