It falls 0.79% on this holiday and leads the losses in the European markets
Fifth consecutive day in the red for the Spanish stock market, which is leading the declines in Europe and further away from 8,300 points. The Ibex 35 closed Thursday down 0.79%, bringing it back to 8,225 points. However, the losses in these five negative days are limited to just over 2%, a sign that investors are waiting to take a step next week that will bring together two important meetings for the future of the economy and the fight against inflation: those of the US Federal Reserve and the ECB.
The largest decreases were for Acciona and Grifols, which fell by 3.5% and 3% respectively, followed by Corporación Acciona Energías Renovables (-2.52%), Telefónica (-2.42%), Enagás (-2.07 %) and Solaria (-1.95%).
In the banking sector, Santander lost 0.88%, BBVA fell 0.09%, Caixabank fell 1.02%, Sabadell fell 0.40% and Bankinter, 1.61%.
On the other hand, the largest increase of the session was recorded by ArcelorMittal, which was 2.22%, after learning that it was inaugurating a 200 million euro project to reduce emissions at its factory in Ghent (Belgium). They also led the gains in the selective PharmaMar (+1.95%), Acerinox (+1.23%) and IAG (+1.10%).
The rest of the European stock markets also closed lower, except Frankfurt, in anticipation of the central banks. The London stock market fell by 0.23%, in Paris the public prosecutor’s office fell by 0.20% and in Milan by 0.14%
Similarly, the price of a barrel of Brent grade oil, a reference for the Old Continent, stood at $77.38, up 0.27%, while Texas stood at $72.65, up 0. .83%.
The value of the euro against the dollar was 1.0545 ‘dollars’, while the Spanish risk premium was 97.7 basis points and the required interest rate on the ten-year bond was 2.821%.
On the other hand, the average fuel price in Spain has fallen further this week, becoming almost 3% cheaper, and petrol and diesel remain below prices before the 20 cent bonus approved by the government from April 1. In concrete terms, the average price of a liter of petrol this week was 1,688 euros and that of diesel fell to 1,763 euros per litre.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
