The IBEX 35 registered a setback of 5.83%at the close of this Friday, until it was at 12,422 points – that is, the price of the index lost 769 points -, being infected by a new Wall Street debacle, which this Friday has continued its sinking by the ads of the president of the United States, Donald Trump, in tariff matter and has closed its second day in free day with a sinking of almost 6%. This is the greatest fall of the Spanish Stock Exchange since March 12, 2020, in the days prior to the statement of the alarm state because of the Covid-19 pandemic.
Precisely, the Spanish selective had managed to fall yesterday in the best possible way the impact of tariffs – which were released on Wednesday night – by registering a drop of 1.2%, while their European counterparts lost more than 3%.
This Friday the shots have turned around and it is the Ibex 35 that recorded with Milan the most large losses due to the setbacks of the bank values: Banco Sabadell has sunk 10.97%; Unicaja 10.56%; Caixabank 10.30%; BBVA 9.37%; Bankinter 9.31% and Banco Santander 8.77%.
In turn, at the Wall Street opening, the last stock market of the week has started with strong falls for the second consecutive day and its main index, the Dow Jones of industrialists, lost more than 1,000 points, which represents a decline of 2.66%, after the implementation of the global tariffs of the US president, Donald Trump, and the response arrived from China. And in this trend he has closed, with a free fall for the second consecutive day, registering losses close to 6%.
At the close of the bag, the S&P 500 has collapsed 6%, the Dow Jones Industrial Avenge 5.5%and the compound Nasdaq has fallen 5.8%. The markets face their worst crisis from the Covid collapse after China matched the great tariff rise of President Donald Trump in an escalation of the commercial war. Not even a better report than expected on the US labor market has been enough to stop the fall. The price of oil has fallen to its lowest level since 2001.
As for the rest of Europe, at London closure he had yielded 4.95%; Paris 4.26%; Frankfurt 4.66% and Milan 6.53%. This situation occurs after the sinking in yesterday’s session of Wall Street has continued this Friday. The Dow Jones closed last night with a collapse of 3.98%; The S&P 500 4.84% and the technological Nasdaq 5.97%.
Beyond the bank values, within the IBEX 35 all the values have presented falls to the closure. Among those who lose the most are Acerinox (-9.78%), Arceormittal (-8.56%), Sacyr (-7.24%), Amadeus (-6.61%), Mapfre (-5.7%), Fluidra (-5.6%), Repsol (-5.56%), ferrovial (-5.52%) and ACS (-5.5.46%).
In Spain, the Minister of Economy, Commerce and Business, Carlos Body, continues today with the Round of Contacts in the Ministry with the spokesmen of the parliamentary groups after the tariffs announced by Trump. Before these meetings, the minister has admitted that tariffs to the EU could subtract “several tenths of GDP” to Spain.
The price of Brent quality oil barrel, reference for the old continent, stood at $ 65.31, 6.89% less, while Texas fell 7.75%, to $ 61.76.
In the currency market, the price of the euro against the dollar was placed at 1,0984 ‘green tickets’, 0.62% less than on the eve, while in the debt market, the interest required of the Spanish bonus at 10 years was 3,182%, with the risk premium compared to the German bond in the 71.7 points.
On the other hand, the ounce of Troy gold dropped 2.15%, despite being a usual refuge value, up to $ 3,030. The Bitcoin, which fell to the closing of the Spanish Stock Exchange, remains practically in plane with minimum rises of 0.01% and was negotiated in the 83,273 dollars.
Source: www.eldiario.es
