Sunday, March 10, 2019

The Ibex-35 falls 1.8% in its second consecutive week of falls

The Ibex-35 falls 1.8% in its second consecutive week of falls



Only six values ​​of the selective dodged the losses in the day of this Friday



   The Ibex-35 was in negative from the first hour of the morning. The Spanish selective during the first third of the session was around 8,900 points, but after twelve thirty was gradually increasing their declines. With this, at the close, a cut of 0.91%, to give a final change in the 8,856.8 points. In the week it has lost 1.80%. This is his second consecutive week of losses after four consecutive advances, all of January, in which the index went from less than 8,500 points to almost 9,200.

Only six values ​​of the selective dodged the losses in the day today. Viscofán and Meliá Hotels were the best, with gains of 1.46% and 1.16%, respectively. After Sabadell was placed, which added 0.23%, while Mapfre advanced 0.17%.

CaixaBank and Cellnex were the other values ​​that were saved from the red, but were only able to close the day without changes.

In red, ArcelorMittal was the value that fell the most, with a cut of 4.74%. Then Grifols was placed, which was left 2.93%. Cie Automotive, Acerinox and Técnicas Reunidas lost more than two percentage points.

Among the big values, the worst was Telefónica, which fell 1.76%. Inditex and Repsol also fell more than 1%.

In the General Index of the Madrid Stock Exchange, Adolfo Domínguez was the most profitable value, with a revaluation of 8.81%. Nextil was the worst, with a cut of 44.74%.

During the week, only seven stocks were saved in the Ibex-35, the most profitable of which was Viscofán, with a rise of 2.16%. ArcelorMittal has been the worst, with a cut of 7.86%, followed by Técnicas Reunidas, which has fallen by more than 6%. CaixaBank, Mediaset, Sabadell and Cie Automotive have lost more than 5%.

Day and week to the low
All the Old Continent closed the last session of the week with decreases. The German Dax was the worst performer, with a decrease of 1.05%. The PSI-20 of Lisbon left 0.88%. Meanwhile, the Ftse Mib in Milan fell by 0.65% and the Cac 40 by France, almost half a percentage point. Something better was done by the British FTSE 100, which left 0.32%.

And practically all of them also accumulated losses in the last five sessions. The only one that dodged the declines was the British Ftse 100, which scored 0.73%. The worst of all was the German Dax, which fell 2.45%.

On Wall Street, the day of Friday also started at a loss. The Dow Jones, at the close of the European session, was left around one percentage point, while the S & P 500 lost 0.8%, and the Nasdaq was down 0.6%.

For the indices of the United States Stock Exchange, this would be the first week in the red in this 2019. Although, to end in the current records, the declines in the main indices of the United States would not reach the percentage point.

During the week, they have weighed uncertainties about global economic growth, with data and worrying forecasts especially in the Old Continent. In addition, after several weeks of some reassurance about the trade war, and even hope for a possible good conclusion, fears have again escaped that an agreement between the United States and China is not possible. And Washington caresses again the idea of ​​a new closure of the Administration.

Fears of new commercial tensions led to declines for the third consecutive session in emerging markets.

Decreases in bond yields
While stock markets have had a good week, in the debt market, money has continued to enter, sinking bond yields, especially in Germany. The interest of the German ten-year bond has fallen to 0.08%, its lowest level since October 2016.

On the downside, the yield of the American bond to ten years continues, moving back from 2.65% to 2.62%.

This behavior of the bonds reflects that investors believe that in the future there will be less growth and, therefore, will be necessary less increases in interest rates.

In the commodity market, the barrel of Brent, a benchmark in Europe, closed the session with a decrease of 0.44% to 61.36 dollars. The barrel of West Texas, of reference in the United States, fell by 0.74% at the European bell, to $ 52.25.

The price of gold rose 0.32% to $ 1,314 an ounce.

KEYS OF THE SESSION

-The Ibex-35 closed the session with a decrease of 0.91%, to give a final change in the 8,856.80 points.

-Viscofán and Meliá led the promotions, with gains of more than 1%. In addition, four other values ​​were saved from the losses. In red, the worst, ArcelorMittal, which fell 4.74%.

-The profitability of the German ten-year bond fell to 0.08%, another minimum since the autumn of 2016.

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