Sun. Apr 5th, 2020

The Ibex 35 remains in losses at half session by the ECB and data from China

El Ibex 35 sigue en pérdidas a media sesión por el BCE y los datos de China

The Ibex
35 does not raise head in mid session. After meeting yesterday the decision of BCE to postpone a rise types along with the biggest decline in three years of export in China, the selective Madrid increased losses at noon, with falls that already exceed 0.8% and that far from the 9,200 points.

The rest of the European stock exchanges (Paris, Milan, London Y Frankfurt) registered setbacks in the environment of 0.5%, somewhat lower than those that could be seen at the beginning of the session, which ranged between 0.65% and 0.79%.

The situation in Asia was much worse: the Bolsa de Shanghai closed the week with a fall of more than 4%, while that of Tokyo I did it with a 2% retracement. All because in China foreign trade has fallen by 9.4% in February, while exports from the country have plummeted by 16.6%, according to figures known this Friday.

Returning to the Spanish stock market, the banking sector was still the most penalized with Bankia Y Sabadell to the head, with falls that exceed 3% in both cases. The actions of Santander Y BBVA, meanwhile, yield more than 1%, while CaixaBank it leaves 2.17% and Bankinter 0.4% around 12.00.


All banks quote in red, while power companies are promoted

The biggest fall was for AcerlorMitall, that left a 3.49%. They also highlighted the decreases in Acerinox (-3.1%), CIE
Automotive (-2.79%) and ACS (-2.33%).

On the other hand, the electricity companies are the most favored by the reduction in financing costs that the ECB drew on Thursday, and of the few values ​​that were saved from the losses. Enagás it was up 0.58%; Endesa, 0.26%; Naturgy, 0.20% and Net
Electric, 0.13%. Telephone also rose 0.48% and Day it went up 8.76%, after the CNMV had admitted to process the LetterOne bid by the company.

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