The Spanish stock market does not find soil. The Ibex 35 has finished the Christmas session, with a reduced schedule until 2:00 pm, with a drop of 0.89%. The 8,480 points with which closes assume the lowest level since August 2016. The falls in the year are extended to 15.6%.
The slowdown in economic growth, the trade conflict between China and the United States, the foreseeable rate hikes and the hypothesis of a chaotic Brexit are factors that continue to undermine investor confidence. To all this is added now the the closure of the Federal Government in the US, as a result of the lack of agreement between Democrats and Republicans for the financing of the wall on the Mexican border, which could be extended until 2019.
In a day with little volume of business, without references of Tokyo, Frankfurt or Milan for the Christmas holidays, they have hardly been negotiated 371 million euros, compared to more than 2,000 of an ordinary day.
The biggest losses have corresponded to IAG, which has fallen by 3.65%, Colonial, that 2.6% has been left, and ArcelorMittal, 2.6%. Caixabank and Inditex they have dropped more than 2%
At the opposite pole, the best value of the session has been Marline, which adds 3.9%. The titles of Ence, that this Monday has been released in the Ibex 35 to replace the supermarket chain Day, the second highest increase, 3.4%, was recorded.
In the banking sector, the securities of Bankia they dropped 1.6%, BBVA 1.3% is left and Santander, the 1%
In the debt market, the yield on the Spanish bond with a ten-year maturity remained stable at 1.395%, which is a differential compared to the bund of 115.3 basis points.
The euro advanced 0.34% to $ 1.14 and a barrel of Brent oil, a benchmark in Europe, fell 0.7% to $ 53.7.
In Europe, the falls were also the keynote in the few markets that operated on the Christmas day. The FTSE of London has dropped 0.5% and the French Cac lost 1.4%. Frankfurt and Milan remained closed.
The losses since January are bulked in all European markets: the Euro Stoxx 50 is left 15%, the FTSE back 13% and the Cac, 12.8%.
Seoul closes with losses
Meanwhile, the Seoul Stock Exchange closed today with losses after the partial closure of the Government in the United States and the imminent departure of Secretary of State for Defense, James Mattis, sowed
concern about the political instability in that country.
The Kospi indicator of the South Korean market closed today with a decline of 6.48 points, 0.31%, to settle at 2,055.01 units in a session in which 3.8 trillion won (2,965 million euros or 3,376 million dollars).
The Kosdaq technology index fell by 3.85 points, 0.57%, to 669.79 units.
The South Korean parquet was dragged by the chaotic weekend in the USA. after Wall Street reaped its worst week of the year, to which was added a partial closure of the federal government after the rejection of the Democrats to the budgetary demands of President Donald
Trump for the construction of the border wall with Mexico.
The political instability in the first world economy sat as a jug of cold water among investors in Seoul just before the start of the Christmas holiday period.
The heavyweights of the South Korean square closed mixed today, with the medical sector contributing to a greater extent to the stock market crash. The largest pharmaceutical company in the Asian country, Celltrion, fell 4.32% and its competitor Samsung BioLogics lost 0.43%.
The technology Samsung Electronics, reference value of the local market, managed to harvest a rise of 0.39%, while chip maker SK hynix advanced 0.67%.
The local currency, the won, fell 2.8 units against the dollar, which was exchanged at 1,125.2 won at the close of the session.