The Ibex 35 falls 1% in the middle of the session and loses the entire 9,300 due to the Italian bank tax

Spanish banks register falls of up to more than 3%

MADRID, 8 Ago. (EUROPA PRESS) -

The Ibex 35 registered a fall of 1% in the mid-session, to stand at 9,265.5 points, after the announcement by the Italian Government to introduce a tax this year that will tax the extraordinary profits of the country's banks with 40%. whose collection will be used to help those with mortgages and to reduce the tax burden of citizens.

The measure announced in Italy strongly infected the bank values ​​of the Spanish selective, which registered the greatest setbacks in the mid-session: Banco Santander discounted 3.5%; Unicaja 3.03%; BBVA 2.87%; Bankinter 2.2%; Caixabank 2.06% and Banco Sabadell 1.93%.

Considerable losses were also recorded by Repsol, with a fall of 1.99%, and ArcelorMittal, with 1.9%; while only eight stocks managed to advance at the same time with Rovi in ​​the lead (1.17%), followed by Grifols (0.9%) and Amadeus (0.44%).

The rest of the European markets also fell: Milan, the protagonist of the session, plummeted 2.1% weighed down by the price of banks, while Frankfurt lost 0.84%; Paris 0.7% and London 0.43%.

In Spain, this Tuesday the Spanish Public Treasury has placed 4,838 million euros in short-term debt, in the medium-low range expected, and has done so by offering higher returns on 6-month bills and cutting interest on bills to 12 months, according to data published by the Bank of Spain.

On the other hand, it has been confirmed that inflation in Germany fell two tenths in July, to 6.2%, and core inflation moderated to 5.5%; on Thursday it will be the turn of the United States and Italy and on Friday of France and Spain.

China's trade balance for July, published this morning, has been better than expected by analysts and inflation data for the country will be released tomorrow.

"Investors expect the [Chinese] government to extend its reforms and communicate fiscal stimuli that will help encourage investment and consumption," according to Link Securities in its weekly forecast.

In the currency market, the euro depreciated 0.33% compared to the "green ticket", to 1.0966 dollars, while the interest on the long-term Spanish debt stood at 3.504% after subtracting one tenth and the risk premium (the differential with the German bond) at 103.9 points.

As for raw materials, Brent crude fell 1.82%, to $83.78 a barrel, and Texas WTI Intermediate fell 1.67%, to $80.57 a barrel.