Maximum volatility in the quadruple witching hour of June

Posted on June 21, 2022 Last Friday in Europe there was a very volatile session due to the quadruple witch hour, this fact that takes place on the third Friday of June left us with a large volume of instability in the markets. The main European stock markets closed with gains, but in the weekly calculation there were significant losses. In national terms, the Ibex 35 led the increases with a rebound of 0.84%, up to 8,145 points, although it lost 2.92% in one week. The Euro Stoxx 50 however, closed with a rise of 0.31%, to 3,438 points. The series of interest rate hikes by the main central banks fueled concerns about an economic slowdown in Europe. The stock with the highest gains for the session was Adyen, up 4.01%, followed by Essilorluxottica (+3.80%) and Prosus (+3.43%). At the bottom of the index was TotalEnergies with a fall of 5.06%, followed by Eni (-4.73%) and Airliquide (-1.73%). The selective Spanish Ibex 35 advanced in Friday’s session thanks to banking, whose sector index rose 2.8%. Banco Sabadell advanced 5.68%, followed by Cellnex with 5.13% and Bankinter (+5.06%). On the contrary, the losses were for energy companies such as Repsol (-4.58%), Naturgy (-4.24%) or Enagás (-2.94%). Mixed close on Wall Street. The Dow Jones was down 0.13%, the S&P gained 0.22% while the Nasdaq was the top gaining index, advancing 1.43%. In the United States, the stock markets experienced a day that ended with a mixed closing, where the S&P 500 managed to close almost flat (+0.22%) and accumulates a fall of 23% so far this year. The Nasdaq was the index with the most gains, advancing 1.43%, which represented a small recovery from the drop of the previous Thursday (-4%) and the Dow Jones fell 0.13%. INFORMATIONTitleMaximum volatility in the quadruple witching hour of JuneDescriptionLast Friday there was a very volatile session in Europe due to the quadruple witching hour, this event that takes place on the third Friday of June left us with a large volume of instability in the markets.Author GLOBALCAJA