Sunday, August 14

Stock exchange for December 15, 2021

The European stock markets closed this Wednesday with moderate advances pending the decisions of the Fed, but the Spanish stock market fell 1.24% to 8,275 points. The closing of the week therefore promises to be more lively than most investors would have liked at this point in the year. The fall in ‘parquet’ was largely a consequence of the evolution of Inditex shares and the collapse of Indra due to the divestment of Alba. Central banks are at the center of all eyes regarding the decisions they make to tackle the inflationary tensions unleashed by the rise in energy costs. The evolution of the impact of the omicron coronavirus variant is also a focus of uncertainties. The consensus of the analysts foresees the end of the debt purchases by the Fed in March or April, and the beginning of the rate hikes in the months of May or June. These measures could be the cause of some slowdown in growth. The Indra effect was one of the highlights of the day, as it lost one of its benchmark shareholders, Corporación Financiera Alba, who had been in its capital for 12 years. The sale of 5% of the capital to the Basque group Sapa raises doubts. Another sound divestment is that of BBVA and La Caixa in Telefónica. More doubts.

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