March 10 () –
The Ibex 35 has closed this week at 9,285 points, which represents a fall of 1.9% compared to the closing of the previous Friday, after a day in which it has accumulated a decrease of almost 140 points and in which the banking has been the protagonist, with collapses of up to 5%.
The decrease registered this Friday at the close (-1.47%) has been slightly less than that which has been recorded during the opening, when the selective of the Spanish stock markets and markets fell by 2.4%.
The vast majority of the Ibex 35 values have closed the session in negative. Only Aena, with an increase of 1.28%, and Iberdrola, advancing a slight 0.05%, have gotten rid of the ‘red’.
Banks have been the clear protagonist of the session, with four entities leading the decreases: Sabadell (-5.11%), Bankinter (-4.22%), Banco Santander (-4.21%) and BBVA (-3 ,41%). Unicaja Banco was the seventh company that fell the most today (-2.53%), while CaixaBank was in tenth position (-1.80%).
The correction to the six banks listed on the Ibex has occurred after the problems registered by Silicon Valley Group, parent company of Silicon Valley Bank. The firm’s shares have been suspended from trading after having suffered a 60% collapse, and the entity has entered into negotiations for its sale, according to what the local press has published.
The situation has led the US Treasury Secretary, Janet Yellen, to ensure that she is very aware of the situation of some banks, including Silicon Valley Bank.
“Investors continue to weigh the effects of higher-than-expected interest rates, while financial entities in difficulties begin to appear, casting doubt on the liquidity of the banking sector,” said XTB analyst Joaquín Robles.
Regarding the rest of the big European markets, all have closed the session in negative. The German DAX fell 1.31%, while the French CAC 40 fell 1.30% and the Italian FTSE MIB fell 1.55%. In this way, the Euro Stoxx 50 has fallen by 1.32%, while the British FTSE 100 has contracted by 1.67%.
In raw materials, the Brent barrel has advanced 0.80%, up to 82.23 dollars, while the West Texas Intermediate has stood at 76.22 dollars, 0.66% more.
The yield in the secondary debt markets of the Spanish 10-year bond was located at 3.544% at the close of the session, below 3.645% on Thursday. Thus, the risk premium has risen by 3.4 points, to 103.6 basis points.
In the foreign exchange market, the euro has appreciated by 0.75% against the dollar, for which reason it has stood at 1.0660 dollars for each euro, recovering the level of 1.06 dollars that it had lost in past journeys.
