The main stock markets of the world have registered this Thursday a

second consecutive day of falls

after the minutes of the last meeting of the

United States

Federal Reserve (the Fed) were published on Wednesday, in which they say they see "

justified"

advancing a

rise in interest rates

due to high

inflation

.

"Based on their individual projections for the economy, the labor market and inflation, it could be justified to

advance or increase the rate of interest rate hikes

with respect to what was previously anticipated," agreed the institution chaired by

Jerome Powell

in his last meeting on December 15, although they did not specify when that rise could begin.

On that date, the governors of the United States central bank left interest rates unchanged in the range

of 0% to 0.25%

, despite the fact that inflation in the United States had remained at 6.8% in November, its highest rate of the last four decades.

They did make a decision to

cut back on their debt purchase program

, which will end completely in March.

According to the minutes of that meeting, the members of the Fed were also in favor of starting to

reduce the central bank's balance sheet

once the rate hikes begin,

something that investors did not have.

"Some participants also indicated that it might be appropriate to start reducing the size of the Federal Reserve's balance sheet relatively soon once interest rates begin to rise," the minutes read.

Banks are unmarked from the red numbers

These signs that the Fed will begin to tighten its monetary policy earlier than expected, in the face of

inflation

that could be more persistent than it seemed,

have not sat well in the markets

despite the fact that they had already assumed that sooner or later the bank Central would start to raise rates after such a long time of monetary laxity.

Wall Street

today chains a

second day in the red

, with falls of 0.39% in the Nasdaq at the opening of the session after losing 3.34% on Wednesday.

The S&P 500 opened the session with a decline of 0.25%, after having fallen 1.94% the day before;

while the Dow Jones fell 0.38% in the first minutes of trading after falling 1.07% on Wednesday.

The red numbers have also predominated in the

Asian parks

with decreases of 2.88% in the Nikkei of Tokyo at the close, of 1.13% in the Kospi of Seoul and of 0.25% and 0.66% in the two mainland China stock exchanges (Shanghai and Shenzhen).

There were also general declines in all indices in Southeast Asia.

Hong Kong was the exception, with an advance of 0.72%.

In

Europe

, the session has been marked by falls except in

Spain

, where

the Ibex 35 has managed to recover

from the opening slump and closed the day with a minimum decline of

0.01%.

The closings were negative in the rest of European capitals: the

Paris

stock market lost 1.72%;

that of

London

, 0.88%;

that of

Frankfurt

, 1.35%, and that of

Milan

, 1.8%.

The Three Kings Day has been positive for

banks

, who have celebrated that the Fed's minutes bring closer a rate hike that would be very beneficial for their business models.

In Spain, the promotions led by

CaixaBank

(+ 4.27%),

Banco Sabadell

(+ 3.1%) and

Bankinter

(2.78%).

Outside our borders, the acceleration of

Deutsche Bank

in Germany stood out (+ 2.53%);

BNP

(+ 1.36%),

Crédit Agricole

(+ 1.15%) and

Societé Generale

(+ 1.86%) in France;

Standard Chartered

(+ 3.72%),

Natwest

(+ 2.61%),

Lloyds

(+ 2.6%) and

HSBC

(+ 2.12%) in the UK;

and

Intesa Sanpaolo

(+ 0.62%) in Italy.

The contagion effect was noticeable in the trading floors of the old continent despite the fact that, for now, there are no signs that suggest that the

European Central Bank

is going to accelerate the tightening of its monetary policy.

The institution headed by

Christine Lagarde

has already announced a

"progressive" withdrawal of stimuli,

readjusting debt purchase programs and reducing the rate of acquisition, but has not yet spoken of touching rates.

He believes that inflation for the moment is transitory and watches closely

for second-round effects

that could generate an inflationary spiral.

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