Shares of German banks Deutsche Bank and Commerzbank suffered sharp declines in the Frankfurt market on Friday as a result of recent turbulence in the sector and uncertainty about the evolution of interest rates.

Deutsche Bank shares were the most affected by the fall, which remained around 10% during the first hours of trading but deepened to 14.16% around 10:30 GMT; the share of Commerzbank, meanwhile, fell at that time by 9.31%.

The selective DAX of the Frankfurt Stock Exchange suffered the consequences of the fall in bank values and was left by that time by 1.86% to 14,927 points.

The Ibex 35 deepened its decline in the middle of the session, falling 2.82% after 12.00 hours, to stand at 8,717.1 points, thus reaching one of its worst readings so far this year.

The attention of investors this Friday has been focused on the confirmed data of the gross domestic product (GDP), which the INE has placed at 5.5% for the whole of 2022, after having rebounded a slight 0.2% in the fourth quarter of the year.

In a European key, this Friday it has been known that the growth of the activity of companies in Germany and France accelerated in March to highs of the last 10 months, according to the composite index of purchasing managers (PMI), prepared by S & P Global Market Intelligence.

Likewise, part of the market is also pending the euro summit held this Friday, after last night the heads of State and Government of the European Union asked the European Commission to "quickly" complete the legislative process to establish a new framework of fiscal rules in 2023.

Cellnex was the only stock that traded in positive towards the middle of the session on Friday, with a rise of 1.07%, after knowing that the British investor Sir Christopher Anthony Hohn, known as Chris Hohn in the financial world, has become the maximum shareholder of the company after exceeding 9% of the capital.

Regarding the rest of the securities, banking has once again been the 'red lantern' of the selective, after yesterday the Bank of Switzerland, the Bank of England and the Bank of Norway decided to raise interest rates, following in the footsteps of the European Central Bank (ECB) and the Federal Reserve of the United States (Fed).

Thus, Banco Sabadell left 7.23%, ahead of -5.69% of BBVA, -5.42% of Unicaja Banco, -5.33% of Banco Santander, -5.23% of Bankinter and -4.25% of CaixaBank.

Regarding the rest of the main European indices, the German DAX was left 2.32%, while the French CAC 40 fell 2.28% and the Italian FTSE MIB fell 2.53%. In this way, the Euro Stoxx 50 fell by 2.29%, while the British FTSE 100 did so by 1.91%.

The barrel of Brent has experienced a fall of 5.11%, to $ 72.77, while the West Texas Intermediate has reached $ 66.96, 5.56% less.

The yield on Spain's 10-year bond in secondary debt markets fell to 3.131% on Friday, down from 3.246% at the close on Thursday. Thus, the risk premium has risen by 2.8 points, to 107.9 basis points.

The euro depreciated by 0.78% against the dollar, so it was traded at an exchange rate in the markets of 1.0745 dollars, losing again the level of 1.08 dollars.

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