Europe bags accumulate 6% drop in the week after black days for global markets – Financial Journal

Diario Financiero Online

International markets ended a black week. This product heightened fears about the weakening Chinese economy, the political uncertainty in Greece following the resignation adds First Minister Alex Tsipras.

With a new slump in Chinese markets backdrop, Wall Street ended in minimum ten months, while the collapse in the week reached 6%.

The Dow Jones today scored its biggest drop since November 3, 2011, after losing 3.12% to 16,459.75 points, its lowest level since November 20, 2014. In the week indicator Industrial fell 5.82%.

The Nadasdaq technology, meanwhile, 3.52% today sank its biggest drop since November 9, 2011. In the week completed a retreat of 6.78% and ended with whole 4706.04, its lowest since Feb. 2.

Meanwhile, the S & P 500 fell 3.17% today and the week did in 5.76% to 1971.16 units

“The major world markets continued to be depressed. down to the concerns that make the weak global growth and the effects that could generate the start of rate hike by the Federal Reserve, “said Cristián Musalem analyst ForexChile markets.

IPSA at least 17 months

The Santiago Stock Exchange was not oblivious to the negative trend and reached the lowest in 17 months. The main indicator of the local market, IPSA, fell 1.23% to 3718.9 points, its lowest level since March 26, 2014. In the week accumulated a decline of 2.12%.

The IGPA, meanwhile, gave up 1.60% to close at 18107.09 integers, while Inter 10 yielded 1.36% and reached 4295.32 units.

The papers They experienced the largest gains of the session were the IPAL (31.78%), Indiver (8.09%) and CTISA (5.26%). Closed in negative territory SQM-A (-14.06%), CTC-B (-10.33%) and ACWX (-6.57%).

The most traded shares were those of Aes Gener in the amount of $ 8,223.6 million at a price of $ 324.2 each. Second Enersis started, followed by Copec.

Bags of Europe

In Europe exchanges completed their fourth straight session of declines and sharp contractions in week.

The Paris CAC 40 fell 3.19% and accumulated in the five days a setback of 6.57%. While Frankfurt’s DAX accumulated in the week a loss of 7.83% and 2.95% today.

It was followed by the FTSE MIB which dropped 6.46% in the week and closed today a fall of 2.83%. Meanwhile, the FTSE 100 and the Madrid IBEX 35 closed within 5 days with a drop of 5.54% and 5.58%, respectively.

The macro data of the day was activity China’s manufacturing sector, which experienced a significant decline in August, which stands at 47.1 points from 47.8 in August, which represents the worst reading of the indicator in the last 77 months.

While in Greece, seven months after his election as prime minister, Alexis Tsipras yesterday announced his resignation and called early elections. It notes that he did the same day the country received the first tranche of the third bailout. This has prompted the Greek stock market lost 2.53% to 635 points

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