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The Spanish Stock Market falls 3.7% and is on the verge of losing 8,000 points

The Spanish Stock Market has collapsed 3.7% this Thursday and has fallen back to the levels of early February 2021, in the midst of the third wave of covid-19, on another day marked by the war in Ukraine, the rise in hydrocarbons and the publication of the minutes of the European Central Bank (ECB).

The main indicator on the floor, the IBEX 35, has fallen 309.6 points, 3.72%, to 8,011 points, the biggest drop so far in 2022, a year in which losses already rise to 5.6%.

The rest of the large European markets have also closed with sharp falls, although more moderate than Madrid: London has lost 2.57%, Milan, 2.35%, Frankfurt, 2.16%; and Paris, 1.84%.

With all values ​​negative, the largest losses have been for Siemens Gamesa (9.2%), Meliá Hotels (7.75%) and Grifols (7.53%), while ArcelorMitall, with a fall of 0.48%, has been the value with the best performance in the market.

Among the great values, Inditex, which has more than 500 stores in Russia and about 80 in Ukraine, has sunk 6.95%, and Iberdrola, 5.33%, after learning that legal changes may be introduced to reform the hydraulic canon.

The two big banks Santander and BBVA have recorded losses of 1.95% and 1.89%.

As for debt, the interest of the Spanish ten-year bond has hardly changed compared to yesterday and has closed at 0.999%.

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