Forex
Ibex 35 Falls 1.51% as US-Iran Tensions Escalate
The Madrid stock exchange's main index, Ibex 35, closed down 1.51% on Wednesday amidst rising tensions in the Middle East and higher oil prices.
Ahead of the European Central Bank's monetary policy decision tomorrow, investors are awaiting clarity on interest rates.
The escalation of US-Iranian hostilities has sent shockwaves through markets, with China's producer price index exceeding 3.8% year-on-year in August and the Spanish 10-year bond yield rising to 3.897%.