The fall of the Chinese stock market drags the Spanish, losing 1.45% – Univision

                                 

Madrid, July 27 (EFE) .- The Spanish Exchange today depreciated by 1.45 percent, dragged down by the sharp fall in Chinese stock market, on a day in which investors were also outstanding new business performance and that was before the meeting of the US Federal Reserve.

With the risk premium of 124 basis points, the main Spanish indicator, the IBEX 35, was at 11,145.40 points, after which . annual earnings are reduced to 8.42% and July to 3.49%

In a day when Wall Street opened lower today, the major European markets also fell: Paris 2.57%; Milan 2.97; London Frankfurt 2.56 and 1.14%.

The Spanish Exchange today began the session with losses exceeding 1%, dragged down by the collapse of the Chinese market, the largest recorded since 2007 .

In particular, the general index of the Shanghai Stock Exchange, China’s leading indicator, fell by 8.48% and the Shenzhen Stock Exchange, the second largest, 7.59%.

These falls occur after only two weeks ago China began to recover from its worst month in which he lost almost 30%.

Experts attribute the crash today the figure for the profits of major industrial firms in the country, which fell 0.3% year on year in June, compared with growth of 0.6% in May.

The trend China negative spread to Europe, where investors expect that tomorrow the US Federal Reserve meets again and could announce a rise in interest rates after the summer.

It is also expected tomorrow the Greek government and representatives of international creditors start negotiations for a third rescue.

In today’s session there was interest in the introduction of new business results.

Among them highlighted the Bankia, who won 556 million in the first half of the year (up 11.5%) and were well received by the market, whose value rose 1.98%, the second highest revaluation of the Ibex 35.

Ahead of Bankia Aena, which gained 2.06%, after news that its board will review the new proposed reduction in airport fees morning by 1.9% for 2016 stood made the National Commission on Competition and Markets (CNMC).

OHL was saved from the red numbers after rising 1.51%, followed by Popular, 0.62%.

Most of the IBEX closed lower, led by Indra, which lost 3.84% and Gamesa, 3.15%.

Among the great values ​​Repsol lost 2 , 39%; Santander 2.21; 1.81 Telefonica, BBVA 1.69; Inditex 1.56% and 0.69% Iberdrola. EFE