The main Spanish stock market index opened on Mars with a slight advance after the announcement of the relaxation of restrictions by COVID-19 in Hong Kong, while the trend was uncertain and will largely depend on the news that the main monetary authorities of the world.
The main event of the week will be the meeting of the Federal Reserve of the United States, where the debate centers on whether a rise in types of interest from 75 to 100 basic points will apply, although in the case of the Bank of England, that meets the youth, could increase the cost of los préstamos by 50 or 75 points, according to analysts polled by Reuters.
In the last days, the disquiet in the financial markets has been accentuated by the possibility that the drastic increases of the types in the United States to combat the inflation trigger a deep recession.
In this context, the unexpected rise in production prices in Germany will not be welcomed, which will increase the pressure of the ECB to make it more expensive.
Meanwhile, European stock exchanges received with optimism the news that Hong Kong is abandoning the COVID quarantine policy and aspires to an orderly reopening.
At 07:05 GMT on Mars, the Spanish Ibex-35 stock market rose 41.60 points, up 0.52%, up to 8,034.80 points, while the FTSE Eurofirst 300 index of large European values advanced by 0.53 %.
In the banking sector, Santander rose by 0.95%, BBVA rose by 0.82%, Caixabank advanced by 1.41%, Sabadell gained by 1.64%, and Bankinter was up 1.56%.
Among the major financial figures, Telefónica registered 0.15%, Inditex ceded 0.84%, Iberdrola increased its value by 1.38%, Cellnex gained 0.23% and Repsol oil rose 0.08%.
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