The Ibex holds at 9,300 after the Italian tax on bank profits

Spanish banks register falls of up to almost 3%

MADRID, 8 Ago. (EUROPA PRESS) -

The Ibex 35 has closed this Tuesday at 9,301.8 points, which represents a decrease of 0.61% compared to Monday, in a day marked by the decision of the Government of Italy to tax the extraordinary profits of the bank with a rate 40% tax.

"The Council of Ministers approved a social equity rule that is a tax on extra bank profits in 2023," the Vice President of the Italian Government and Minister of Transport and Infrastructure, Matteo Salvini, announced at a press conference.

In this sense, the minister indicated that all the income from the new tax will go to aid for the first home mortgages and tax cuts.

In his presentation, Salvini defended the introduction of the extraordinary tax on banks because the rise in interest rates as a result of the tightening of the monetary policy of the European Central Bank (ECB) has led to an increase in the cost of money for families and companies, "But there hasn't been as fast, as diligent and as significant a rise in consumers holding checking account deposits."

In this way, the Stoxx Banks sub-index, which brings together the main banks in the euro zone, closed the session at 108.81 points, falling 3.66% compared to Monday.

In this context, Spanish banks have been among the values ​​that have fallen the most on the Ibex: Banco Santander has led the declines (-2.71%), ahead of Unicaja Banco (-2.45%), Banco Sabadell (- 2.16%), ArcelorMittal (-1.98%), BBVA (-1.92%), Bankinter (-1.87%), Mapfre (-1.58%) and CaixaBank (-1.48%) .

On the other hand, Rovi has been the main bullish value (1.30%), ahead of Grifols (0.74%), Iberdrola (0.65%), Solaria (0.63%), Meliá (0.63 %) and IAG (0.36%).

In the rest of the major European markets, the FTSE MIB index of the Milan Stock Exchange has been the one that has fallen the most, with 2.12%. The German DAX has fallen by 1.10% and the French CAC 40, by 0.69%; while the British FTSE 100 dropped 0.36%.

At the close of the European trading session, a barrel of Brent fell 0.14%, to reach a price of 85.22 dollars, while the West Texas Intermediate (WTI) fell 0.11%, to 81, 86 dollars.

In the debt market, the yield of the Spanish bond with a maturity of 10 years has fallen to 3.503%, from 3.637% registered at the close of Tuesday. In this way, the risk premium against German bonds has been reduced by two tenths, to 103.4 basis points.

At the close of the European stock market session, the euro depreciated 0.47% against the dollar, reaching an exchange rate of 1.0951 'green tickets' for each unit of the community currency.