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Ibex 35 falls 3.12% in weekly slump amid economic shifts
The Ibex 35 experienced its worst weekly performance since April, falling 3.12% to close at 19,085.3 points. This decline was driven by volatility in bond markets and a downturn in the banking sector.
In Spain, official data from the Ministry of Labour and Social Economy showed that registered unemployment rose by 23,587 people in September, a 1% increase from August. Conversely, the Social Security system saw an average increase of 92,327 contributors during the same month.
Globally, the G7 nations announced the immediate release of 100 million barrels of crude oil and diesel over the next four months. In the United States, the labor market showed signs of moderation as only 29,000 new jobs were added in September, compared to 133,000 in August.
Economic indicators remain a primary focus for investors, with Eurozone inflation for September reported at 3.8%. Markets are also closely monitoring upcoming Federal Reserve meeting minutes and US consumer sentiment data to gauge the impact of persistent inflation and interest rate policies.
Entities
China · European Central Bank · Federal Reserve · G7 · Ibex 35 · Jerome Powell · Ministry of Labour and Social Economy · Unicaja · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The University of Michigan will release its October consumer sentiment survey on Friday. www.independent.co.uk
- [○ 1 SOURCE] Producer price inflation reached 4.2% year on year in March, the fastest rate in over nine years. www.latestnigeriannews.com
- [● 2 SOURCES] The Institute for Supply Management will release its September monthly service sector index on Monday. www.winnipegfreepress.com · www.independent.co.uk
- [● 2 SOURCES] Federal Reserve meeting minutes are scheduled for release on Wednesday to provide insight into interest rate policy decisions. www.winnipegfreepress.com · www.independent.co.uk
- [○ 1 SOURCE] Economists expect consumer price index inflation to rise to 2.5% from 1.7% year on year in February. www.latestnigeriannews.com
- [○ 1 SOURCE] Federal Reserve Chairman Jerome Powell stated the US economy is at an inflection point. www.latestnigeriannews.com
- [● 3 SOURCES] Registered unemployment in Spain increased by 23,587 people in September, a 1% rise from August. diariofinanciero.com · cronicadecantabria.com · noticiasbancarias.com
- [● 2 SOURCES] G7 nations decided to release 100 million barrels of crude oil and diesel over a four-month period. diariofinanciero.com · cronicadecantabria.com
- [● 2 SOURCES] The Eurozone year-on-year inflation rate for September was 3.8%. diariofinanciero.com · cronicadecantabria.com
- [● 3 SOURCES] The Ibex 35 fell 3.12% over the week, marking its worst weekly performance since April. diariofinanciero.com · cronicadecantabria.com
- [● 3 SOURCES] The Ibex 35 closed the week at 19,085.3 points. diariofinanciero.com · cronicadecantabria.com
- [● 3 SOURCES] The United States economy added 29,000 new jobs in September. diariofinanciero.com · cronicadecantabria.com