The Ibex 35 collapses 2.4% at the opening dragged down by banks

MADRID, 10 Mar.

The Ibex 35 collapses 2.4% at the opening dragged down by banks

MADRID, 10 Mar. (EUROPA PRESS) -

The Ibex 35 has started the session this Friday with a drop of 2.4%, dragged down by the banks and the negative closing of Wall Street, with falls of more than 1.6%, with which the Madrid selective is close to the level of the 9,200 points after closing this Thursday at 9,423.2 integers.

Specifically, the Madrid index began the session at 9,232.29 points, with a fall of more than 2% after the negative close of Wall Street and the main Asian stock markets this Thursday. The cause, the financial difficulties of Silicon Valley Bank, an American bank that collapsed 60% this Thursday after announcing a capital increase of 2,250 million dollars, which affected the entire American banking sector.

The combination of the possible economic impact of interest rates much higher than expected and the bearish wave unleashed in US banks has dragged down the banking sector in the Ibex 35. In the early stages of this Friday's session the biggest falls were for Santander (-6.02%), Sabadell (-5.83%), Unicaja (-4.89%), BBVA (-4.23%) and Bankinter (-4.21%).

On the side of increases were Red Eléctrica (0.67%), Naturgy (0.33%) and Iberdrola (0.17%),

The rest of the European stock markets also opened with falls: London and Frankfurt lost 1.5%, while Paris and Milan fell 1.75% and 2.1%, respectively.

This Friday, the markets are also waiting to know the official employment report in the United States, after the president of the Federal Reserve (Fed), Jerome Powell, transferred to the Congress of the North American country that the amount of the next increase of rates --scheduled for March 22-- has not yet been decided.

Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 81.09 dollars, with a decrease of 0.61%, while Texas traded at 75.08 dollars, 0. 85% less.

In the foreign exchange market, the price of the euro against the dollar stood at 1.0598 'green bills', while the Spanish risk premium stood at 101 basis points, with the interest required on the ten-year bond at 3.518%. .

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