Wed. Sep 28th, 2022

Madrid (EFE).- The Spanish stock market fell 2.46% this Friday and registered the lowest level of the year, ending below 7,600 points, according to market data, affected by the fall on Wall Street and the deterioration of activity in Europe.

The main market indicator, the IBEX 35, lost 191.2 points, or 2.46%, the biggest decline since last June, to 7,583.5 points (the new annual low and level of last November). In its second-worst week of the year, it yielded 5.02% and is down 12.97% this exercise.

The value of the Spanish stock market ended today, registering the lowest level of the year.
The Spanish stock market fell 2.46% this Friday and registered the lowest level of the year, ending below 7,600 points, affected by the fall on Wall Street and the deterioration of activity in Europe, according to market data. EFE/Vega Alonso

In Europe, with the euro at $0.9725 (20-year level) and down 1.15%, Milan fell 3.36% (Italy has elections on Sunday), Paris 2.28%, Frankfurt 1.98% and London 1.97%.

The Spanish stock market started the day with small losses, about 0.25%, after Wall Street fell yesterday Thursday: the Dow Jones Industrial Index 0.35%, the S&P 500 0.84% ​​and the Nasdaq Composite 1.37%.

Asian locations also fell: Shanghai 0.66%, Seoul 1.81% and Hong Kong 1.18%.

US index futures fell 0.4%.

Spain’s GDP for the second quarter was revised upwards, five tenths higher than initially calculated, to 6.8% year-on-year.

The stock market extended its losses, hitting last March lows, and is about to lose 7,700 points.

Web version: Marina Gonzalez

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