News of Spain
The Ibex 35 had a bad year in 2015: it closed at 9,544 points, having lost 7% of its value over a year that began with euphoria and ended with fear markets. But in 2016 he is on track to make good his predecessor. European stock markets experienced a bad day that also lived in Spain and left the main selective in the 8,490 points yesterday. The fall compared to the last session of 2015 is already more than 12%.
Yesterday’s was the worst day for the Ibex 35 since 11 February with a drop of more than 3%. In the total of the week, the Spanish stock market has lost 3.5% of its value. The State was no exception to the general rule: on a day marked in parquets by concerns about a possible Brexit, Milan fell 3.6%, 2.5% Frankfurt, Paris 2.2% London and 1.9%.
In addition to doubts about the continuity of the UK in the euro zone and the consequences this might have for the economy, investor concerns was named yesterday Janet Yellen. Next week, the Federal Reserve must take a decision on whether continuing its expansionist policy after starting to raise rates late last year.
XTB analyst Francisco Sánchez-Matamoros told Europa Press that the increased volatility and the current “uncertain” scenario are due to the lack of positive indicators for the market. Sanchez-Matamoros especially highlighted the bad unemployment data registered in the United States last week. “This has generated considerable uncertainty to weaken the market,” he said, and warned that the Ibex 35 will notice the drop in Wall Steet (which opened yesterday with losses of 0.55%) with a “bearish scenario” that will last two weeks plus.
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This expert predicts that the Spanish stock market could fall further, to stand at 8,300 points. “We’ll see if this level serves to restart upward momentum or to return to annual lows in February,” he said.
A year in red
this confirms the bad bad week semester that is taking the Spanish stock exchange this year. Only 11 values have increased in value since January, while 24 have lost. Foremost among these, drops banks: Banco Popular, Bankia and CaixaBank lead falls. The first lost 46%, while the other two financial institutions verging on 30% drop. The seven Spanish banks accumulate losses selective this year.
The other sector that is having a difficult year is the construction. Merlin Properties (-18%), OHL (-17%, leave the Ibex 35 in two weeks), Acciona (-15%), Sacyr (-14%) and Ferrovial (-11%) have suffered this situation.
Among the bad immune to this trend values highlights the Indian steelmaker Arcelormittal, which grew by 56% after 2015 much volatility. Mediaset also improved (+ 15%), Aena (+ 13%), Indra (+ 12%) and Repsol (+ 12%). No Catalan company among those who have seen an increasing share price this year.
Source Ara.cat
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