The selective Spanish has inaugurated the year digging even more its ground and saying goodbye to the elevation of the 8,500 points. Specifically, at the beginning of the session the Ibex 35 fell more than 2% to 8,361 points with all its values in red. The fall of the ArcelorMittal steelmaker whose shares fell 4.42%, as well as the fall of bank securities such as Banco Santander (-3.47%), Bankia (-3.20%), Banco Sabadell (-3, 40%), Bankinter (-3.04%), CaixaBank (-2.69%) or BBVA (-2.42%), contributing to the depression of the index.
Red extends to the entire index, including other heavyweights such as IAG (-3.03%), Iberdrola (-1.13%), Repsol (-1.76%) or Telefónica (-1.42%) or Inditex (-1.72%). A situation that extended to the main European markets, which debuted downward in the early hours of 2019 stock market: In particular, recorded strong falls Frankfurt leaving 1.26% while London or Paris plummeted 1.80% and 2.35%, respectively. In a similar line, Milan fell by 1.74% and the Euro Stoxx 50 – which together with the 50 companies with the highest capitalization in the continent – fell by 1.41%.
On the other hand, Spanish and Italian risk premiums dawned more relaxed standing at 123.10 and 255 points, respectively. In the currency market, the euro was exchanged at $ 1.1432 down slightly and the Brent Barrel was paid at $ 52.54, dropping its price by 3%.