Sun. Feb 16th, 2020

Bag analysis: The storm clouds return to the Ibex

Bag analysis: The storm clouds return to the Ibex



After a start of session in tables, in which the Spanish selective one doubted at the time of continuing with the upward path that had marked during the last two sessions, have been sufficient just a few hours so that the red numbers returned to recover the prominence of the day It seems that the macroeconomic results known throughout the day in Europe, which confirm a slowdown in the growth of the main European economic engine, Germany, has generated a climate of pessimism in investors, who have opted to undo positions on all in assets more cyclical cut.

Faced with all these events, the Spanish index has been unable to withstand the falls, accumulating a loss of more than 1% throughout the session, and losing the level of 9000 points at some points.

At the national level, business results have not accompanied either. Mapfre has announced a loss close to 25%, which has generated a handicap of more than 1.5% during the session. On the other hand, the steelmaker Arcelormittal, despite achieving a profit of 12%, the market has penalized it with a correction of more than 3%.

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