Small losses for Ibex 35 due to renewed tensions between China and the US – Chatborgne

Moderate loss of Ibex 35 on Tuesday (-0.3%; 8061 points). Economic worries are giving way to geopolitics as tensions between China and the US in the euro area have intensified following reports that US House Speaker Nancy Pelosi will finally give up on Taiwan during her Asian tour.

These reports prompted threats from China, which said the People’s Liberation Army (PLA) would not sit idly by. if he tries to visit what China considers its sovereign territory without permission. These tensions continued into the Asian session on Tuesday with the advent of the euro. Chinese and Hong Kong indexes fell sharply by 2%, while US futures are moderately lower after a slight bearish close on Wall Street on Monday.

The decision of the Reserve Bank of Australia on the interest rate was also announced early in the morning. raised its interest rates for the fourth time in a row and by 50 basis points for the third time in a row, bringing the main rate to 1.85% in an attempt to regain ground lost at the beginning of the year.

At the macroeconomic level were published data on unemployment in Spain. rose by 3,230 people in July but remained below 2.9 million unemployed. In any case, this is the worst performance since 2008, confirming a slowdown in job creation.

On the corporate front, Siemens Gamesa results have been released. increased its losses to 1.226 billion euros in the first 9 months of the financial year.

In the US, attention is focused on the speech of St. Louis Fed President James Bullard at an event at New York University. So it will be interesting to see if he agrees with Fed Chairman Jerome Powell’s statement that the Fed is in the range of what is considered a neutral rate.

We’ll also hear from Charles Evans of the Chicago Fed and Loretta Mester of the Cleveland Fed, who recently said they want core and headline inflation to come down steadily before slowing the pace of rate hikes. Both Mester and Bullard are voting members this year, while Evans is not.


A barrel of West Texas oil fell 0.1% to $93.49, while a barrel of Brent fell 0.17% to $99.86.

An ounce of gold rose 0.14% to $1,790.

An ounce of silver fell 0.72% to $20.21.

The euro/dollar pair fell 0.23% to $1.0237.

Bitcoin fell 0.20% to $22,913.

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