The Ibex falls 1.44% in the mid-session and moves away from 9,400 after the rating downgrade to the US

MADRID, 2 Ago.

The Ibex falls 1.44% in the mid-session and moves away from 9,400 after the rating downgrade to the US


The Ibex 35 deepened its fall towards mid-session, registering a decrease of 1.44% and standing at 9,366.2 points, after last night the credit rating agency Fitch Ratings stripped the United States of its 'AAA' rating ', the maximum possible.

In this way, the selective Spanish stock market extended its decline after 12:00 noon compared to the opening, when the fall had been around 1.2%. Since Monday, the Spanish stock market accumulates a fall of more than 280 points.

Fitch has explained that its downgrade of the United States' long-term issuer rating, which now stands at 'AA', reflects the expected fiscal deterioration over the next three years and the high and growing burden of government debt. His decision also takes into account "the erosion of governance" relative to other 'AA' and 'AAA' rated sovereign issuers over the past two decades, as manifested in repeated clashes over debt limits and resolutions. last minute.

After the decision announced by Fitch Ratings, only Moody's maintains the highest solvency grade for the long-term debt of the United States, after S

Nationally, this Wednesday it was revealed that unemployment fell by almost 11,000 people in July, to a total of 2.67 million unemployed, the lowest since 2008. For its part, Social Security gained almost 22,000 affiliates in the seventh month of the year, marking a new maximum by achieving 20.89 million contributors.

In this way, only four values ​​avoided the 'red' towards the middle of the session: Acciona (0.33%), Merlin (0.12%), Repsol (0.04%) and Fluidra (without changes).

Around 12:00 noon, the stock with the worst performance was Unicaja Banco, which fell 6.13%. This decline occurs after learning that the Oceanwood fund has sold almost all of its stake in the entity, a move announced just two days after the bank reported that it would replace its current CEO, Manuel Menéndez, with Isidro Rubiales, current 'number two' of the president of the Andalusian entity, Manuel Azuaga.

Meliá was the second value that fell the most towards the mid-session (-4.64%), ahead of Grifols (-3.38%), IAG (-2.43%), Inditex (-2.3%) , Telefónica (-2.19%) and Colonial (-1.89%).

In this context, stock market falls were widespread in the rest of the major European markets. The German DAX fell 1.34%; the French CAC 40, 1.22%; the Italian FTSE MIB, 1.20%; and the British FTSE 100, 1.47%.

The Brent barrel advanced 0.55% towards the European mid-session, trading up to 85.38 dollars, while the West Texas Intermediate (WTI) reached 81.87 dollars, 0.61% more.

In the debt market, the yield on the Spanish bond with a maturity of 10 years stood at 3.542%, below the 3.583% registered at the close of Tuesday. Thus, the risk premium against German bonds rose by eight tenths, to 103.2 basis points.

In the foreign exchange market, the euro depreciated 0.13% against the dollar in the European mid-session, reaching a market exchange rate of 1.0970 'green tickets' for each unit of the community currency.