The Ibex-35 index falls, dragged by the uncertainty of elections in France – Investing.com Spain

MADRID (Reuters) – closed Tuesday with modest declines in a session in which concerns French policy counteracted the positive influence of Wall Street, some of whose indexes touched their highest levels in history.

“Since yesterday, the excuse for the sales has been the topic of France and today the results in Europe, for example the BNP (PA:), have also not helped,” said Sonia Late, the operator of equity from an institutional CM Capital Markets.

investors are kept pending of the election campaign in France, where there is fear of the chances of coming to power of the extreme right, and isolationist policies of Donald Trump in the US.

After a few results of the institution French BNP that showed weakness in the business in Europe, banks were among the worst hit of the session in Spain, with declines of 1,99 per cent in Santander (MC:) and of 0.8 percent in Bankia (MK:).

Sabadell (MC:) emerged in the sector with a rebound of 1.8 percent after an update on its strategy well received by the market, while the biggest downfall of the sector and of the Ibex-35 was to Bankinter (MK:), it was left to a 2.2 percent after a cut on the recommendation of the analysts of Goldman Sachs (NYSE:).

Caixabank (MC:) grabbed part of care, with a decline of 1.8 per cent, accusing the placement of 5.3 percent of its shares held by Criteria, although cut significantly the losses that showed at the start of the day.

Between the values of better behavior was Gas Natural (MC:), which rose 0.8 percent after news that could come out of Italy in a review of its strategy.

The manufacturer of blood products Grifols (MC:) rose 1.1 percent after announcing a refinancing of debt in the amount of 6,300 million dollars.

Between the values penalized were the oil company Repsol (MC:) and the engineering group for the energy sector técnicas Reunidas (MC:), because of the new lower prices of crude oil. The barrel fell to the fear that the resurgence of non-conventional oil in the US and the stagnation of demand to counter the cuts in production by OPEC countries and other powers.

Inditex (MK: a) helped to curb the market decline with a rise of the 1 percent, while other large values such as Telefonica (MC:) or BBVA (MC:) showed similar decreases to those of selective.

The fell 0.28 per cent, to 9.331,5 points, while the selective european FTSE won a 0.27 per cent, driven by Wall Street.

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