MADRID (Reuters) – The Ibex-35 of the Spanish stock market extended losses in afternoon trading Tuesday to let more than two percent, in line with other European places after a disappointing industrial orders data in Germany and a further decline in oil prices.
Data released early showed an unexpected fall in German industrial orders -. The biggest monthly in six months that stoked fears of a global slowdown
“The data Germany again highlight the vagaries of the market and adds to concerns about the persistent drop in oil prices, “a trader said.
Without a single bull exception, almost all large values left more a two percent at mid-session, and the Ibex was trading at about midday low of 193.2 points, or 2.6 percent, to 8403.4 points. The pan-European FTSEurofirst index was 2.01 percent left.
The biggest loss among the components of the leading index was for steelmaker Arcelor Mittal, which left more than 7 percent after closing its expansion capital.
the Repsol fell 3.2 percent to 9.34 euros, down by falling oil prices, while its shareholder Sacyr slumped 6 percent.
In the banking sector, Santander lost 2.2 percent, while rival BBVA down 1.76 percent.
Another major selective values, Telefónica , was down just over three percent
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