Oil price falls despite Iran’s attack on Israel
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Iran’s attack on Israel has not, for the moment, impacted the markets, which are experiencing the first day after the geopolitical tensions without much concern in the markets. What’s more, the price of a barrel of Brent, the reference oil for Europe, has The price fell this Monday to just under $90 and the Spanish stock market started the day flat.
Specifically, before the opening of the stock markets of the Old Continent, the price of a barrel of Brent crude oil stood at 89.76 dollars, compared to 90.45 dollars at the previous close and far from the more than 92 dollars that it reached. register on Friday. Likewise, the price of West Texas Intermediate crude oil, the benchmark for the United States, remained stable at $85.20, compared to $85.66 at the previous close.
So far this year, the cost of a barrel of Brent oil has risen by 16% and that of WTI crude oil by almost 19%.
On the edge of 10,700
The Ibex 35 began this Monday’s session, the first of the week, practically flat, with a slight decrease that did not reach a tenth, standing at 10,685 points. Despite the escalation of tension in the Middle East, just a few minutes after the opening, the Madrid selective opted for increases and gained just over 0.1%, which led it to momentarily touch 10,700 integers.
Investors will be attentive this Monday to the publication of industrial production in the eurozone and retail sales in the United States, while, in the business field, results will continue to be released in the United States, including that of Goldman Sachs.
Spain will kick off the results of the Ibex 35 companies this week, with the publication next Thursday of Bankinter’s accounts for the first quarter of the year. Also this week, the final inflation data for March in the euro zone and other results from large American companies, such as Netflix, Morgan Stanley, Blackstone and American Express, will be released.
The electrics, at the head
In the early stages of the session, the biggest increases within the Ibex 35 were recorded by Naturgy (+1.2%), IAG (+0.74%), Iberdrola (+0.71%), Bankinter and Sacyr (+ 0.51% in both cases) and Inditex (+0.46%).
At the other extreme, with the steepest declines, were Colonial (-0.98%), Ferrovial (-0.90%), Meliá (-0.80%) and Cellnex, which fell almost 0.7%. .
The main European stock markets opened this Monday with a mixed sign. Frankfurt and Milan woke up with a rise of 0.7% and Paris advanced 0.6%, while London lost 0.2% at the opening.
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