Black week for the Spanish Stock Exchange: lost almost 7% – 20minutos.es

Black week for the Spanish Stock Exchange: lost almost 7% – 20minutos.es

The floors of the Madrid Stock Exchange this Friday. (EFE)

The Spanish stock market has fallen 2.75% , so losing the threshold of 10,200 points by bad macroeconomic data, the situation in Greece, the fall in oil prices and the collapse of the Russian currency, the ruble, again at record lows. With the fall of Friday, the Spanish stock has lost 6.93% week, the worst since June 2012, bringing its main indicator, the IBEX 35, stands at 10,145 points , although so far this year holds gains of 2.30%.

After the respite posted on Thursday, the Spanish Stock Exchange reopened to low with a drop of 0.30%, which was extended shortly thereafter, above 1% after various macroeconomic data published in the euro zone, which question the recovery. In particular, the statistical office Eurostat reported that industrial production rose in October by 0.1% in both the euro area and as the whole of the EU, a much lower percentage the month before.

In Spain the debt of all public administrations has grown 6.13% Industrial production fell 0.4% in Spain, where the debt of all public administrations has grown 6.13% in the third quarter and totaled 1.020 trillion, equivalent to 96.8% of GDP, another record high. Also today it has been known that consumer prices have exacerbated the decline in Spain, which lasted five consecutive months, falling 0.4% in November.

In addition to the published data, the aim of the Spanish stock market has been undermined one day later by the political instability in Greece and unstoppable collapse of the ruble. The Russian currency has continued its relentless fall and has set new record lows against the euro and the dollar, affected by the falling price of oil.

This reduction in the price of oil, plus international sanctions by the conflict with Ukraine, can lead the country into recession next year. The oil price has remained low and today has brought as much as $ 60 a barrel. Wall Street has also opted for losses before the new drop in oil and after data published worse than expected industrial production in China. In the rest of Europe, Paris has lost 2.77%; London and Frankfurt 2.49%, 2.72%. Milan has fallen 3.13%, in a session marked the first general strike facing the Government of Matteo Renzi.