MADRID, 15 Mar. (EUROPA PRESS) -
The Ibex 35 is once again experiencing a clearly negative day due to the turbulence that Credit Suisse is registering on the stock market, after which the banks have once again led the falls of the selective with decreases of more than 9%.
Specifically, the Ibex 35 stood at the edge of 8,800 points towards the half session, despite the fact that at the opening it had remained above 9,100 integers. Thus, at 12:00 noon, the selective index of the Spanish stock markets and markets was trading at 8,817.70 points, which represents a fall of 3.73% compared to Tuesday's close.
Minutes before the half session, the selective was trading at a minimum of 8,778.9 points, which represents a fall of 4.15% compared to the previous closing.
The day was once again marked by the fall of the six listed Spanish banks. Banco Sabadell has once again been the 'red lantern' of banks, as it is the entity that falls the most, falling by 8.96%. The entity of Catalan origin was also the bank that sank the most after the resolution of Silicon Valley Bank and Signature Bank.
Behind Sabadell were BBVA (-7.38%), Bankinter (-6.95%), Banco Santander (-6.47%), Meliá (-6.14%), CaixaBank (-5.98 %), ArcelorMittal (-5.46%), Inditex (-5.35%) and Unicaja Banco (-5.33%).
Of the 35 companies listed on the selective, only Iberdrola registered a positive advance towards 12:00, with an increase of 0.64%. Among the companies that fell the least were Logista (-0.45%), Rovi (-0.50%), Acciona Energías Renovables (-0.63%) and Telefónica (-1.00%).
The falls in banking have occurred in parallel to the turbulence that the price of the Swiss bank Credit Suisse is registering. The financial entity registered decreases of more than 20% this Wednesday after its main shareholder, the Saudi National Bank, refused in the Anglo-Saxon press to contribute more capital to the entity, since it would exceed a 10% stake, something that it rejects, alluding to regulatory reasons.
Credit Suisse lists these issues a week after reporting that it was delaying the release of its 2022 annual report after receiving a notice of technical issues from the US financial regulator. Subsequently, the entity acknowledged having detected a "material weakness" in the internal control of financial information.
The falls are not exclusive to the Ibex, since the rest of the large European markets have experienced a similar evolution. The German DAX fell 3.04% towards the mid-session, while the French CAC 40 fell 3.53% and the Italian FTSE MIB fell 3.70%. Thus, the Euro Stoxx 50 fell 3.35%, while the British FTSE 100 contracted 2.45%.
In the raw materials market, a barrel of Brent fell to 76.31 dollars, 1.42% less, while West Texas Intermediate was trading at 70.21 dollars a barrel, 1.54% less.
The yield in the secondary debt market of the Spanish bond with a maturity of 10 years has been located at 3.366%, from 3.484% in which it closed on Tuesday. Thus, the risk premium offered to investors in Spanish debt compared to German debt has risen by 3.4 points towards the mid-session, to 109.8 basis points.
In the currency market, the euro has depreciated by 1.10% against the dollar, losing the level of 1.07 dollars per euro. Thus, the market exchange rate has reached 1.0616 dollars.
