The Ibex is below 8,000 points. Other European stock markets also have big losses. The risk premium on Spanish rises from 317 to 337. And to finish the week, new bump. European stock markets have returned to live a very bad day with large declines that evidence, once again, the pessimism of investors.
The parks have been adversely affected by the possibility of Greece to suspend payments and the resignation of a counselor of the European Central Bank (ECB). Thus, the Spanish stock market fell Friday 4.44%, the fourth biggest drop of the year, and concluded in the annual minimum of 7.910,20 points, a level unknown since the end of March 2009. With the risk premium on Spanish in 335 points, 25 more than on Thursday, the Spanish stock market, the Ibex-35 index, rrencia index fell 367,60 points. Closes so the second worst week of the year, since the Spanish stock market has dropped 6.54%, whereas the losses accumulated since January grow at 19,77%. In Europe, with the euro at $1.367, at least since last February, shortly before the closure of the Spanish market fell the main European squares: Milan, around 5%; the Euro Stoxx 50 index, 3.8%; Frankfurt, 3.7%; Paris, 3.3 per cent, and London, 2%. All the great values of the Ibex fell: BBVA, 6.51%; Iberdrola, 5,74%; Banco Santander, 5.62%; Telefonica, 4.32%, and Repsol, 2.51%.
Sales were also based on the difficulties that may exist to approve the plan for employment of the American President, Barack Obama, to which 447,000 billion dollars, will be allocated and in the GDP of Japan in the second quarter, which fell 2.1, eight tenths more than initially calculated. The lowering of the forecast of the price of European banking by Goldman Sachs affected the financial sector and ahondaba loss of the bag. The negative start of session on Wall Street did not help the European parks. The risk premium rises to 337 Spanish risk premium, the premium required investors to buy national bonds to 10 years instead of Germans, climbed Friday 317 to 337 basis points for the possible suspension of payments of Greece this weekend and his departure from the euro, according to market data and experts consulted. In addition, the debt market was affected by the unexpected resignation of the Adviser and Economist j of the European Central Bank (ECB), the German Jurgen Stark, for personal reasons, although well known his opposition to the purchase of European debt plan agreed by the Monetary Authority has recently more than one month. Source of the news: the Spanish stock market fell 4.44%, lost 8,000 points and closes its second worst week of the year