The international stock markets experienced a black day because of fears of a global recession and a banking crisis yesterday. Relapse of oil prices, the paralysis of Greece and doubts about the health of some European banks and stock markets plunged shot risk premiums of peripheral countries in the euro zone.
Economic Crisis and exchanges and markets (Photo: EU official site)
the Ibex fell 4.44%, its biggest drop in a day since August, standing at levels of July 2013. Yesterday closed at 8122.10 points. in accumulated losses of 14.9 % 26 to 15 days in the red. in Europe, only surpassed in losses the Milan Stock Exchange, which fell 4.69%. the German DAX lost 3.30%, the CAC in Paris March 1, 20% and London FTSE 2.71%.
on Wall Street, the Dow Jones losses slowed in the final stretch of the day and closed down 1.10% (177, 92 points, after reaching down more than 400 points during the session) at 16,027.05 points selective S & amp;. P lost 1.42% to 1,853.44 points and the Nasdaq composite index on January 1, 82% to 4283.75 points.
in Japan, the Nikkei index ended down 5.40%, at 16,085.44 points.
in Europe, risk premiums on peripheral countries soared after the collapse of the German bond 26.4%, due to the risk aversion of investors, who took refuge in the German bund as a safe value. Thus, the Spanish bond marked a return of 1.75% and the differential with the German bond increased by 18.5 points, 12%, raising the risk premium to 153 basis points, a level last July . The risk premium in Italy rose 21 points to 146, with a yield of 10-year bonds 1.67%. That of Portugal rose 34 points to 317 points and bond yields 3.38%. The risk premium of Greece soared 70 points, to 996 points, out of fear of new elections to the anti-government protests and the stagnation of negotiations on the bailout program, which led to the mass exodus of investors. The 10-year-old scored a yield of 10.17%.
As for oil, Brent crude fell 3.55% to close at $ 32.85. Texas Intermediate oil was down 3.88% and was at $ 29.69
COUNTRY titled first. “The stock market crash exacerbated the crisis by the lack of government” and notes that Spain the “market instability surprised in a context of political unknown”, “no sign that a stable government is formed in the coming months.” FIVE DAYS talking on his cover of “fear in the markets.” The Economist reminds queel Ibex “and falls more than half of what gave the stock market crash of Lehman”.
COUNTRY 1,38,39 / THE WORLD 1.27 / ABC 1.32 33 / THE VANGUARD 1.54 to 56 / NEWSPAPER 1,22,23 / 1,30,31 REASON / FIVE DAYS 1.18 to 20 / THE ECONOMIST 1.18 to 21
(Text homemade made from the summary of news from the press services of Moncloa)
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