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The Spanish Stock Market turns around, falls 0.13% and loses 8,300 points

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Madrid, March 25 (EFE).- The Spanish stock market has turned around in the early stages of this Friday’s session, and after the opening it fell 0.13%, with which it lost the level of 8,300 points.

Specifically, the IBEX 35, the main Spanish index, is trading at 8,294.70 points at 9:15 am. With the fall of that 0.13%, and the accumulated of the week, the indicator leaves 1.45%.

In the rest of Europe, and despite a closing rise yesterday on Wall Street, London fell, 0.17%; and Milan, 0.03%.

On the contrary, Frankfurt advances 0.14%; and Paris, 0.10%.

In Europe, where the IFO business confidence survey in Germany will be released today, investors will be waiting for the European Commission and the US to present their cooperation agreement by which the North American partner will spend the shipment of liquefied natural gas to Europe so that the Old Continent reduces its energy dependence on Russia.

Yesterday, the European Union avoided specifying a new package of sanctions against Russia while the United States and the United Kingdom announced more retaliation against Moscow.

The European Council, where the president of the United States, Joe Biden, participated as a guest, highlighted the seamless unity of the Western partners against Vladimir Putin.

In this context, Brent, Europe’s reference crude, more than 2% at this time, has a value of 116.6 dollars.

In Spain, where it has been known that the Spanish economy grew by 5.1% in 2021, while industrial prices marked a new all-time high in February, the national market is trading lower after opening after having started with a positive tone.

Siemens Gamesa leads the losses by lowering 1.90%; followed by PharmaMar, 0.73%; and Sabadell, 0.66%.

On the earnings side, Indra rises 2.25%; and aena 2.10%.

All the great values ​​of the indicator are found at this time: Repsol, 0.43%; Iberdrola, 0.31%; Inditex, 0.29%; BBVA, 0.28%; Santander, 0.21%; and Telefónica, 0.07%.

In the debt market, the return on the ten-year Spanish bond falls to 1.38%.

c) EFE Agency

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