March 2, 2021

The Ibex 35 collapses 3.55% in its worst week of the year


The IBEX 35 has signed its worst week of the year, in which it has accumulated a punprecedented 3.55% loss, which has led the selective to stand at 8,897.6 integers – away from the 9,000 point level. Specifically, this Friday, the index has been left at 1.56%, although this year it accumulates a revaluation of 4.2%.

ArcelorMittal has been the value that has copied the lowest part of the table with a 6.57% correction, followed by CIE Automotive (-4.52%), Meliá (-4.32%), Bankia (-4.12%), ACS (-3.57%), Repsol (-3.18%), Bank Santander (-3.1%) and Amadeus (-2.94%).

On the positive ground they have stood out IAG (+ 6.92%), Ence (+ 2.76%), Enagás (+ 1.5%), Red Eléctrica (+ 0.82%), Ferrovial (+ 0.67%), Iberdrola (+ 0.48%), Mediaset (+ 0.34%) and Naturgy (+ 0.3%).

The rest of the main stock markets of the Old Continent have registered falls even deeper than the selective Spanish. The Frankfurt Dax has closed with a 3.11% drop and the Parisian Cac 40 of 3.57%, Meanwhile he Ftse 100 from London has ended with a decline in 2.34%.

On the other hand, the price of Brent quality oil barrel, reference for Europe, rose around 1.5%, to $ 62.06, while Texas stood at $ 55.36, with a revaluation of 1.4%.

The price of the euro against the dollar regained ground, up to 1,1107 "green notes", while the Spanish risk premium remained at around 73 basis points, with the interest required on the ten-year bond at 0.257%.

Bank collapse near 6%

During the week, the banking sector suffered a fall close to 6% because a possible economic slowdown results in new stimulus measures by the main central banks.

In fact, it is expected since the European Central Bank (ECB) announces new measures as of September, which could make it even more difficult to improve bank benefits.

On the contrary, the energy companies and the socimis were the few that ended the week in positive. According to XTB analyst Joaquín Robles, the utilities usually act as refuge value in the face of uncertainty, while the socimis have returned to show good results despite the fact that the real estate sector is in the maturation phase.

. (tagsToTranslate) chronic (t) bag

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