The bag Spanish has lost 0.76% in this first weekly session, which is far from the 9,500 points it won in the previous cycle and is positioned as the worst market of the great Europeans, with all the values of the IBEX 35 in negative, except five.
The main indicator of the Spanish market, the Ibex 35, has lost 72.60 points, 0.76%, until the 9,437.70, far from the annual highs of last week. Since the beginning of the year, Ibex earn 10.51%, also the worst record in Europe.
Investors are picking up profits after rising by almost 3% from the previous week, in a climate in which uncertainty persists about how the Brexit will end and the price of oil in an upward race, up to levels last November.
Analysts believe that the strong rise of last week explains the sales at the start of this cycle, which extend to all the major values of the Spanish market except five.
The market remains restless waiting for news about the Brexit, pending if finally the leaders of the EU will extend until June 30 the deadline for the summit to be held on Wednesday in Brussels, as requested by the British Prime Minister, Theresa May.
For the time being, London has until next Friday, the 12th, to leave the EU without an agreement, although he hopes that EU leaders will unanimously agree to grant him the delay, which would allow him to continue negotiating the exit. The mess is huge but at least the markets They trust that there will not be a disorderly way out.
The Asian markets have hardly sent signals this morning, since they have closed with slight decreases in the case of the Chinese CSI 300 (-0.12%) and the Nikkei Japanese (-0.21%) and a rise of 0.47% in the Hang Seng of Hong Kong.
In America, the big indicators also start the week negative, with a fall of 0.45% in the Dow Jones at the time of closing markets in Spain.
The rest of European stock exchanges also close in red, except Milan
Among large European exchanges, Milan ended with a slight gain (0.06%) and the rest in the red: Frankfurt fell by 0.39%, London by 0.07% and Paris by 0.08%.
In the Spanish market, among the great values, all have ended with discounts, but the most punished have been Telefónica, which has lost 1.17%; Iberdrola, 0.48%; Repsol, 0.42%; and Inditex, 0.37%.
The only Ibex companies that have finished higher were Ence (1.63%), Acciona (0.58%), Amadeus (0.39%) and Enagas (0.19%). ACS has finished just like last Friday.
The most significant increases were those of Cellnex, with a gain of 3.96%, followed by Sabadell and Aena, both above 2%.
In the continuous market, in which 1,591 million euros have been negotiated, Abengoa series B and series A have the highest progress, 20 and 9,16% respectively, and the highest falls are Adolfo Domínguez and Deoelo, more than 5% each.
Brent oil traded at the end of markets in Spain to 71.08 dollars, 17 dollars above the close of 2018, driven by the supply cut OPEC and its allies, including Russia, effective from January 1.