Stock market ends at year low after falling 2.46%

Published by
Peter Kavinsky

Madrid (EFE) – The Spanish stock market tumbled 2.46% this Friday and registered the lowest level of the year, ending below 7600 as Wall Street fell and activity in Europe worsened, according to market data.

The main market indicator IBEX 35 lost 191.2 points, down 2.46%, the biggest drop since June last year, to 7,583.5 points (a new yearly low and the level of November last year). In the second worst week of the year, he is up 5.02%, and in this exercise he is accumulating a 12.97% drop.

According to market data, the Spanish stock market fell 2.46% this Friday and recorded the lowest level of the year, ending below 7600 points, which was affected by the fall on Wall Street and worsening activity in Europe. EFE/Vega Alonso

In Europe, with the euro at $0.9725 (20-year-old level) and down 1.15%, Milan fell 3.36% (Italian elections on Sunday), Paris 2.28%, Frankfurt 1. 98% and London at 1.97%.

The Spanish stock market started the day with a slight loss of around 0.25% after Wall Street fell yesterday Thursday: the Dow Jones Industrial Average fell 0.35%, the S&P 500 fell 0.84% ​​and the Nasdaq Composite fell 1. 37%.

Asian places also fell: Shanghai 0.66%, Seoul 1.81% and Hong Kong 1.18%.

US index futures fell 0.4%.

GDP for the second quarter in Spain was revised upwards, rising five tenths more than originally calculated to 6.8% year on year.

The stock market increased its losses, was in the area of ​​March lows and was about to lose 7700 points.

Online edition: Marina Gonzalez

Peter Kavinsky

Peter Kavinsky is the Executive Editor at cablefreetv.org

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