Invertia The Ibex 35 drops from 8,700 points with falls of 1.4%
European stock markets fell sharply in the last session of the week. The bearish trail that was pointed from Wall Street and the Asian markets found continuity in the parquets of the Old Continent. The Ibex 35 lost 1.36% to 8,694.7 points. A fall in which, therefore, finally, it pierced 8,700 points, with the bulk of its basket of values in red.
The first monthly maturity of derivatives of the year added pressure to some indices that also showed weakness due to other factors. According to analysts, mainly due to the fragility of the accounts of some large technology companies such as Netflix and, to a lesser extent, due to the political tension in Ukraine.
At the head of the decline in the Ibex 35, the titles of Siemens Gamesa. The renewable suffered a 14% collapse after launching its third profit warning in just nine months. The warnings about the obstacles that 2022 must face have become a strong drag on its price.
Also considerable, but almost half, was the decline of ArcelorMittal, which lost 7.2% of its value on the stock market this Friday. Later, up to five stocks lost more than 3%: the also metallurgical company Acerinox (-3.8%), the airline group IAG (-3.7%), the pharmaceutical company PharmaMar (-3.4%), the renewable Solaria (-3.2%) and the utility Grifols (-3.1%).
The financial sector also fell sharply with Santander down 1.5% at the close and Mapfre down 2.7%.
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On the other hand, only five stocks managed to avoid the prevailing falls. Bankinter added 2.1% after having fallen the day before with the publication of its annual accounts. CaixaBank joined with increases of 0.3% and the list was completed with the timid gains of Amadeus (+0.2%), ACS (+0.2%) and Red Eléctrica (+0.03%).
As a result of the first monthly maturity of derivatives of the year, the Ibex 35 strongly distanced itself from the precious key level of 8,800 points. Instead, with a cumulative weekly decline of 1.3%, its graph came dangerously close to the support of 8,600 integers, which, however, was able to hold comfortably.
As for the secondary fixed income market, Wednesday's storm continued to give way to increasing calm. Thus, Spanish ten-year bonds ended with rates of 0.63%, almost 10 basis points less than at their peak two days ago.
As a result of a German 'bund' that returned to levels of -0.07%, the risk premium remained in the area of 70 basis points.