The Spanish Stock Exchange maintains a 3% collapse minutes after the opening and puts at risk the 8,700 points (8,719.70) to the panic that continues to awaken among investors the rapid expansion of the coronavirus and the economic consequences that it may have worldwide .

With the fall of this Friday, the main indicator of the Spanish Stock Exchange, the IBEX 35, accumulates weekly losses of 11.80%, and in February, 6.91%.

In Europe, the main markets have also opened with sharp falls: Frankfurt yields 3.68%; Paris, 3.15%; London, 2.86%, and Milan, 2.85%.

In the session yesterday the Spanish Stock Exchange lost 9,000 points, after collapsing 3.55%, a corrective similar to that registered throughout Europe and on Wall Street, which ended the day with a record drop in one of its indicators, the Dow Jones of Industrialists.

The sharp decline recorded on the eve of Wall Street has moved on Friday to Asian squares, where Tokyo has left 3.67%, while Shanghai, the main stock market in the mainland of China, He has lost more than 3%.

China, the focus of the coronavirus, has confirmed the downward trend of new people affected by the virus, although they are being infected in other countries in Southeast Asia, Europe, America and the Middle East.

Renta4 analysts explain that the sharp falls recorded by the stock exchanges are due to the fear that the measures taken to control the expansion of the coronavirus end up having a significant impact on global economic growth and as a result on business results.

In this context, the price of Brent crude oil - the benchmark in Europe - continues to fall, and stands at 50.88 dollars.

Money continues to flow to refuge assets such as the public debt that, in the case of the US, the ten-year Treasury bond reached historical lows yesterday, at 1.25%, which may indicate, according to experts, that the Federal Reserve (Fed) will cut interest rates soon.

This forecast also caused the euro to exceed yesterday the level of 1.10 dollars (1.0984 dollars) and on Friday this day rises to 1.0996 dollars.

In Europe, the yield of the German debt, the reference one, falls to -0.588%, while in the case of Spain it rises to 0.343%.

In a day in which a new avalanche of results is expected, IAG collapses 7.49%, in a day in which it has announced that it earned 1,715 million euros in 2019, 40% less.

Másmóvil also loses 4.29%, after announcing a profit of 93 million in 2019, up 32%.

Among the large values ​​of IBEX 35, BBVA drops 3.78%; Telefónica, 3.42%; Repsol, 3.33%; Iberdrola, 3.02%; Inditex, 2.81%, and Santander, 1.94%.

The 35 values ​​of the IBEX are listed negatively, but the one that loses the least is Acciona, down 1.01%.

In the continuous market, after IAG, DIA stands out by losing 7.39% a day after announcing losses of 790.5 million in 2019, up 124%.

Gestamp, with a rise of 1.14%, and Prosegur, of 0.25%, are the only securities listed on the whole Spanish Stock Exchange.

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  • Europe
  • China
  • Paris
  • Santander
  • Telefonica
  • America
  • London
  • Spain
  • Inditex Group
  • Coronavirus
  • Covid 19

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