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The Spanish stock market loses 1.12%, affected by the decline in Europe and New York

The Spanish stock market loses 1.12%, affected by the decline in Europe and New York

The Spanish stock market loses 1.12%, affected by the decline in Europe and New York

The Spanish Stock Exchange The stock market fell 1.12% on Tuesday, affected by the decline in European markets and Wall Street, as expectations of interest rate cuts in the United States fell, according to market data..

The national benchmark index, the IBEX 35fell 123.3 points to 10,898.8. Annual gains fell to 7.89%. All the major stocks fell today: oil company Repsol, 2.45%; Banco Santander, 1.42%; electricity company Iberdrola, 0.84%; Telefónica, 0.83%; bank BBVA, 0.77%; and textile giant Inditex, 0.53%.

The Spanish Stock Exchange It spent the entire session with losses, although the fall would be accentuated at the close and would leave it below 10,900 points.

The president of the Federal Reserve from the USA, Jerome Powellsaid it needs more data confirming the fall in inflation before it begins to reduce interest rates, which is why Wall Street provisionally lowered the rate by 0.25%.

Source: Elcomercio

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