Spanish Ibex falls below 10,500 point mark on bad day for banks

0 Comment(s)Print E-mail Xinhua, August 18, 2017
Adjust font size:

MADRID, Aug. 17 (Xinhua) -- The Spanish Ibex-35 stock exchange Thursday saw nearly a full percentage point knocked off its value and slipped back below the 10,500-point mark on a day when the country's banks suffered important losses.

The Ibex opened at 10,544.30 points after three days of successive gains, but closed the penultimate session of the week at 10,443.80 points, a loss of 0.95 percent on the day's trading.

The Ibex-35 suffered the worst losses in Europe on what was a day of setbacks all over the continent, mainly as a result of indications that the Federal Reserve System on Wednesday that it was willing to delay a rise in interest rates until 2018.

The news especially hit the banking sector with generalized losses in Spain: The Banco Santander lost 2.50 percent of share values, Bankia, 1.64 percent, BBVA 1.90 percent, Banco Sabadell 1.88 percent, Bankinter 1.80 percent and Caixabank, 1.77 percent.

Gas Natural in contrast saw share prices increase by 0.52 percent, while Acerinox shares increased by 0.68 percent.

Meanwhile, the risk premium closed on 100.7 points while interest on the 10-year bond stood at 1.43 percent. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter