In the Spanish Stock market today is working. The Constitution Day is not a holiday between the investors and the session is not being precisely a party. The main selective of the Spanish Stock market, the Ibex 35, falling nearly 2% on Thursday, up to the 8,835 points. Practically all the values are in the red, led by the supermarket chain Dia, which have a fall of over 6.2%. We continue to Arcelor, Cie, Bankia, CaixaBank, Sabadell, BBva, técnicas reunidas, Indra, repsol, Santander... All with declines of more than 3%.
MORE INFORMATIONThe Wall Street Stock exchange falls 3% after deflate the enthusiasm for the truce between the US and China, The appetite for risk cautiously The pressures saudis to cut supply collide with the desire to Trump the oil cheaper Qatar announces his departure from the OPEC
The Spanish Stock market is not in any case an exception: among the european places has extended the pessimism and all are stained red. The Eurostoxx also falls close to 2.5 per cent; Frankfurt, more than 2.8 per cent; London, 2.5%; Paris and more of 2.6%; and Milan by over 2.8%. Also Wall Street has opened with the decrease.
All markets look today into two key places: Vienna and New York.
In Vienna bring together the countries that make up OPEC, the cartel of oil-exporting countries. Have to decide whether to agree a cut in production and export to curb the fall in crude prices, which has gone from cost more than $ 85 in February to near $ 60 now. Saudi Arabia defends the cut, despite the fact that the united States, its major western ally, preferred to keep the prices moderate current. In any case, OPEC will wait to tomorrow to have a final decision on the trim, as at the meeting of Friday will come other producers who are partners (not associates) of the group, in particular, Russia.
In New York the protagonist is Wall Street. It has also opened its session with a fall of over 1%. This market was closed Wednesday and Tuesday closed with a sharp fall of close to 3%. Was struck by the cooling of apparent truce commercial that China and the united States seemed to be staged in the G20. And all did fear that this Thursday, the investors turned to give the back to the Bag before the constant signs of more confrontation between the two powers. Has opened with losses of around 15% on the Dow and 1.3% on the S&P500.
The last signal of misunderstanding transpired last night: the daughter of the founder of Huawei, a popular manufacturer of chinese mobile, has been arrested in Canada, at the request of the united States, which demands his extradition. Apparently, he is accused of having jumped the embargo imposed on Iran and to have traded with this country. China has demanded their inmediuata release.