The Spanish stock market falls 0.25% dragged by the bank

The Spanish stock market falls 0.25% dragged by the bank


The Spanish stock market maintains losses of 0.25% after the opening, dragged by the bank, in a session in which investors will remain attentive to the "Brexit" and the publication of the definitive data of the US GDP, of 2018.

At 9.15 am, the main national indicator, the IBEX 35, leaves 23.50 points, that 0.25%, to 9,202.30 points, with which annual profits are reduced to 7.77%.

The Spanish Stock Exchange trades down this Thursday after rising 0.51% yesterday and recovering 9,200 points, animated by the European Central Bank (ECB), which studies applying measures to mitigate the secondary effects of negative interest rates on the profitability of banking.

This announcement encouraged the bank, which in the day of today goes down in a generalized manner.

In particular, Bankia leads the losses of the IBEX 35 with a decline of 2.17%, followed by Sabadell, 1.83%; and BBVA, 1.43%.

Santander also loses 1.23%; CaixaBank, 0.97%; and Bankinter, 0.61%.

On the side of earnings of the IBEX 35 stands out Ence, which gains 1.34%, and Cellnex, which rises 1%.

Of the large IBEX 35 securities, in addition to Santander and BBVA, Telefónica is trading at a loss of 0.57%; and Iberdrola, 0.20%, while Repsol quotes flat; and Inditex earns 1%.

In the continuous market, Metrovacesa leads the advances with a revaluation of 3.10%, and the rights of Prisa the falls, when the 4.64% decrease.

In Europe, the main markets have started the day flat: Paris down slightly 0.03%, and Milan, 0.13%, while London is up 0.19%.

The markets will be again pending the "Brexit", after the British Parliament yesterday rejected the eight proposed alternative ways to try to unblock the process of leaving the country of the European Union.

The Prime Minister, Theresa May, offered to resign from the position in exchange for support for the agreement reached with the European Commission, which has been rejected twice by Parliament.

European markets are trading down and continue the negative trend that Wall Street yesterday recorded, which closed with losses pending the decline in yields on public debt.

The ten-year bonds reached their lowest level in a year, and were below the profitability of the three-year securities, something that had not happened since 2007.

This phenomenon is known as inversion of the curve of the types, and is considered by some analysts as a sign of the upcoming recession.

In the Spanish debt market, the risk premium started the day at 114 basis points, with the yield on the 10-year national bond at 1.058%.

The ten-year German bond, known as "bund", remains negative, at -0.080%.

On the Asian stock markets, Tokyo has lost 1.61%, and Shanghai, 0.92%, with investors pending the new round of trade negotiations between the US and China.

The euro has opened at 1,125 dollars, and the price of Brent crude, at 67,65 dollars. EFECOM

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