Madrid, Aug 4 (EFECOM).- The Spanish stock market has fallen 3.27% this week as investors bet on the collection of benefits after in the previous period it had climbed to levels at the end of February 2020, according to data From the market.
Except for Friday, the national parquet has registered losses in all sessions this week, which has been influenced by the fall in activity in the manufacturing and services sectors in the world’s large economies.
In addition, investors gave a poor reception to the decision of the risk rating firm Fitch to lower the rating of the US debt, although for XTB analyst Joaquín Robles, this measure “has not had much impact”, since it has not triggered large sales of debt.
This expert has also commented on the rise in interest rates in the United Kingdom yesterday, when its central bank raised them by a quarter of a point, to 5.25%.
In his opinion, the British monetary authority “has to face a tougher battle -against inflation- and its monetary policy will have to be more restrictive”, partly due to the consequences of Brexit.
Robles has also pointed out that the evolution of this week has been influenced by banks and some business results, such as Amazon and Apple accounts, companies that “continue to grow and add value” for three years.
In recent days, activity data has been published that has shown a drop in the performance of the manufacturing and services sectors, which served for the national market to register five consecutive sessions of decline and to drop to 9,200 points, when it had touched 9,700 last week.
This downward trend with which July ended and August began has also been followed by almost all the major international markets, although the Spanish market has led the falls.
Thus, in Europe, Frankfurt has yielded 3.14% weekly, while Milan has fallen 3.1%, Paris 2.16% and London 1.69%.
In Asia, Hong Kong has lost 1.89%, Tokyo 1.73% and Seoul 0.21%. Shanghai is up 0.37% weekly. On Wall Street, the S&P 500 index fell 1% weekly and the Nasdaq Composite technology index 1.45%, while the Dow Jones Industrials rose 0.1% with a few hours to go before its close.
Regarding the evolution of the large values of the Spanish Stock Market, the 10.03% fall of Telefónica, the largest in the IBEX 35 index, after two of its competitors joined forces in Germany, while Cellnex has lost 5.73%.
Third place for losses has corresponded to Iberdrola, which has yielded 5.68%, followed by BBVA and a drop of 5.56%, while Unicaja, with new managers, has dropped 5.1%.
Only eight IBEX companies have risen, with Rovi in the lead and an increase of 6.59%, while Bankinter has rebounded 2.35%, Fluidra 1.38%; Caixabank 1.16% and IAG 1.04%.
Of the rest of the great values, Repsol has risen 0.22% (the barrel of Brent oil ended the week near 86 dollars), while Banco Santander lost 1.88% and Inditex 3.08%. EFECOM
jg/may
2023-08-04 17:25:53
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