Madrid, Feb 9 (EFE) .- The Spanish stock market fell 2.39% today and has been dismissed from the level of 8,000 points by the fear investors to a new downturn in the global economy, the main reason why the IBEX 35 has lost nearly 7% of its value in just two days, according to experts consulted by Efe.
the risk premium higher, at 153 basis points, the main index of the Spanish stock market, the IBEX 35, has been left 2.39%, 194.5 points to end at 7,927.6 points, levels of late July 2013, bringing losses in February over 10% and almost a year to 17%.
All the great values have closed in red, and Telefonica has sunk on May 1 , 30%; BBVA, 4.67%; Santander, 3.87%; Repsol, 3.53%; Iberdrola and Inditex 1.01%, 0.65%.
In Europe, with the euro at $ 1.13, it has also been a black Monday, since all major European parks have closed with losses led by the Milan Stock Exchange, the financial sector made selective losing 3.21%.
After losing yesterday over 4%, the Spanish stock market started the session with a slight decline of 0.33% with still managed to keep the 8,000 points.
as the morning wore on, it seemed that the IBEX 35 wanted to leave behind the losses harvested the previous day and hold about 8,100 points, as declines were limited to noon to 0.03%.
However, despite the Spanish stock market tried to recover from the crash yesterday, weighed on the stock index falling more 5% of the Tokyo Stock Exchange that fuels the doubts of investors on global growth.
the fear of a new recession of the global economy to slower growth in China and a possible further devaluation of its currency, coupled with uncertainty over interest rate policy in the United States and low commodity prices scare investors in equities.
a thesis has been reinforced today with the macroeconomic data released in Germany, where it was known that the country’s industrial production has declined in December, against the rise of 0.4% envisaged by the experts.
joined this situation the German company Deutsche Bank, which now falls back yesterday after tumbling nearly 10%, despite trying to reassure investors, as it has said it is “totally solvent” after record losses in 2015.
in this context, the only refuge for investors seems to be the German debt, widening risk premiums in other European countries, and gold.
so the efforts of the Spanish stock market remained in anything and after 14:00 pm, the IBEX fell more than 2%, in line with the rest of Europe.
Only five companies in the IBEX 35 have managed to finish the session with gains, led by Gamesa , which is up 5.55%, followed by FCC with 4.57%, the same day that the CNMV has approved the prospectus for the capital increase of 709.5 million euros to reduce debt; . And Day, which has advanced 1.27%
The losses have been the protagonists of the session and in the case of Arcelomittal, which has fallen 10.39%; Sacyr, 5.88% and Banco Sabadell, 5.70%.
Within the continuous market, where more than 3,500 million were traded, Abengoa “B” is down 11.96%, and on the opposite side, Gamesa has risen 5.55%
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