Mon. Apr 6th, 2020

The Ibex 35 falls 1.3% and closes the week in red – La Provincia

The Ibex 35 falls 1.3% and closes the week in red - La Provincia


TheIBEX 35closed this Friday witha fall of 1.3%, which prevented the week closed positive, and broke the streak of three consecutive weeks of increases.

Last Friday it finished in 9.267 points and today it has put a final point to the week in 9.129 points, what supposesa decrease of 1.5% in the week.

In this way, the Ibex moves away from its maximum since October and registers minimums below 9,200 points.

Today's setback has been motivated bythe collapse of 20% in the exports of China and the bad data of employment in the USA, where only 20,000 jobs were created.

These two bad macroeconomic ones contributed to increase thepessimism in the market, after on Thursday the president of theEuropean Central Bank(ECB), Mario Draghi, announced that it does not foresee a rise in interest rates until at least 2002 due to poor economic forecasts in Europe.

In this way, the session began already marked bythe 2% drop in the Nikkeiand the 4.4% collapse of the Shanghai Stock Exchange. The opening ofWall StreetIt was in the same tone, with a 0.8% drop in the Dow Jones.

Against this background, the falls were expanding in the Spanish stock market as the session progressed.

The banking sector was once again the most penalized. Bankia fell 4.76%, the biggest drop in the session.

Sabadell lost 3.19%, followed by CaixaBank (-2.67%), Santander (-2.02%) and BBVA (-1.59%).

Also notable were the decreases in Técnicas Reunidas (-3.35%), ArcelorMittal (-3.22%), IAG (-3.19%) and ACS (-2.44%).

Iberdrola was also not saved from losses and its shares were left behind 1.15%. Repsol lost 2.05% and Inditex was down 1.67%.

In contrast, Telefonica rose 0.26% and Enagás saved 0.82%. Day shot up 5.99%, after the CNMV admitted the OPA of LetterOne for the company.

.



Source link