The Ibex-35 loses again the 9,000 before the bad economic omens

The Ibex-35 loses again the 9,000 before the bad economic omens

The worst of all the European indexes was the German Dax, which fell by 2.67%, followed by Ftse Mib in Milan, which fell by 2.59%

   After two consecutive sessions of advances in which the index first recovered the 9,000 and then the 9,100, the red numbers returned. And, in addition, quite severe. The selective Spanish gave a 1.79%, to give a last change in the 8.938,30 points.

The worst of all the European indexes was the German Dax, which fell by 2.67%, followed by Ftse Mib in Milan, which fell by 2.59%. Then the French Cac 40 was placed, which was left 1.84%. The PSI-20 of Lisbon gave 1.52% and the British FTSE 100 fell 1.11%.

The European Commission's sharp downward revision of the growth forecasts for the euro zone contributed to the decreases in the European indexes: for this year it has gone from forecasting an expansion of GDP of 1.9% to anticipating growth of 1.3%.

  To this has been added the downward revision of British growth at the hands of the Bank of England, which expects an expansion of the country's economy of 1.2% compared to the previous 1.7%. This is the largest cut in estimates since the time immediately following the referendum on Brexit in 2016.

Only three Ibex-35 values ​​are saved from the cut
Only three values ​​of the selective one were saved from the cuts: Cellnex, Enagás and Merlín Properties. They finished the day in tables. Meliá was the value that fell the most, with a cut of 6.27%. Then ArcelorMittal, Mediaset and Técnicas Reunidas were placed, which fell more than 4%. Sabadell, Cie Automotive, Santander, BBVA and Acerinox were left more than 3%.

Among the big values, bad results also for Telefónica and Repsol, which fell by 2.31% and 2.24%, respectively. In the General Index of the Madrid Stock Exchange, Service Point stood out with its rise of 6.54%. Nextil was the worst, with a decrease of 17.39%.

Decreases also in the US
On Wall Street also significant losses in the indicators. At the end of the session of the Old Continent, the Dow Jones and the S & P 500 retreated around 1.10%, while the Nasdaq lost 1.35%. It is the biggest decline in two weeks after a Trump Administration official, Larry Kudlow, said the agreement with China is not close. Investors are increasingly worried about the possibility that an agreement will not materialize without first witnessing a new escalation of tensions. This is coupled with the signs that the global economic slowdown is spreading and the fear of a new closure of the American Administration.

In addition, mixed news came from the corporate front. On the one hand, both Chipotle and SunTrust Banks rose strongly; the first, to beat expectations with their results; the second, after a sale agreement with BB & T, in the largest operation in the American financial sector in a decade. In contrast, Twitter suffered a decline of 10% after making their accounts public.

In the bond market, the German's interest fell to 0.11%, its lowest level since the autumn of 2016. The performance of the German debt has only fallen since at the beginning of October it was approaching levels somewhat above 0.50% and since last February was placed in the vicinity of 0.75%.

Interest on the 10-year American bond fell yesterday from 2.69% to 2.65%. Only the yield of the Italian 10-year bond, which went from 2.85% to 2.95%, rose strongly. In the currency market, the euro fell below the level of 1.1330 units and recovered the level of 1,136 units.

In the commodity market, the Brent barrel, a benchmark in Europe, fell by 2.5% to 61.15 dollars. The barrel of West Texas, of reference in the United States, lost 3.22%, up to 52.27 dollars.