The Ibex intensifies its fall to 1% at midday and gives up 10,200 points due to banking and after the EU GDP

MADRID, 7 Dic. (EUROPA PRESS) -

The Ibex 35 intensified the opening losses at midday and registered a decrease of 1%, reaching 10,154.3 points, weighed down by banking and IAG values ​​and after it was known that the gross domestic product (GDP) of the eurozone registered a contraction of 0.1% in the third quarter compared to the previous three months, when it expanded 0.1%.

All in all, the main market indicator maintains a revaluation of 23% in the year and remains at the highs of May 2018.

This Thursday, sandwiched between two national holidays in Spain, the stock market registers a low trading volume that translates into corrections due to the collection of profits after the important - and early - bullish Christmas 'rally' in which the market finds itself, which It closed November with an increase of more than 10%.

For its part, in addition to the community GDP, this morning it was learned that German industrial production fell by 0.4% in monthly rate in October despite the fact that the market expected a rebound of 0.2%.

On the other hand, on this day the Spanish Public Treasury has placed 3,430.38 million euros in an issue of State bonds, in the high range expected, and has done so by cutting the profitability offered in all the references auctioned, according to the data published by the Bank of Spain.

Investors will also be paying attention this session to the statements of the member of the European Central Bank (ECB) Frank Elderson, as well as the Eurogroup meeting, where perspectives on the economy of the Member States could be offered.

Thus, in the middle section of the negotiation, the biggest declines within the Ibex were for Banco Sabadell (-5.32%), IAG (-3.05%), Caixabank (-3%), Banco Santander (-2.55 %) and Bankinter (-2.36%).

At the opposite extreme, only eight stocks registered advances with Acciona Energía (1%) in the lead, followed by Endesa (0.45%) and Iberdrola (0.4%).

The main European stock markets also decided on losses at midday, although more moderately than Madrid: Paris lost 0.1%; Frankfurt 0.13%; London 0.15% and Milan 0.25%.

At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 1%, to 75 dollars, while Texas stood at 70 dollars, 0.9% more.

In the currency market, the price of the euro against the dollar stood at 1.0775 'greenbacks', while the interest on long-term Spanish debt rose to 3.175%, with the risk premium (the differential with the German bond) at 99.4 points.