IBEX 35 Falls for Third Consecutive Session, Drops Below 11,000 Point Level
The main index of the Spanish Stock Exchange, the IBEX 35, fell by 0.72% on Thursday, marking its third consecutive negative session. The index dropped below the 11,000 point level, closing at 10,951.5 integers.
Grifols and Endesa Lead Losses
The notable data include the large fall of Grifols (-12.22%) and Endesa (-6.39%). Only seven stocks closed in green, with Rovi (1.81%), Banco Sabadell (0.99%), and Inmobiliaria Colonial (0.55%) showing the most bullish performance.
BBVA Rises Amidst Mixed Performance of Major Stocks
BBVA rose by 0.43%, while Iberdrola fell by 1.18%, Inditex by 0.28%, and Santander by 0.17%.
European and Asian Markets Suffer Losses
Elsewhere in Europe, losses were the most common. Milan fell by 1.06%, Paris by 1.03%, and London by 0.56%. Frankfurt, however, rose by 0.3%. In Asia, Hong Kong fell by 2.06%, Shanghai by 0.9%, Tokyo by 0.82%, and Seoul by 0.29%.
Bitcoin Rebounds, US GDP Growth Revised Higher
Bitcoin rebounded by 1%, trading at around $61,500. On the macroeconomic front, US GDP growth was revised higher to 0.4% in the first quarter, according to the final revision.
Oil and Gold Markets Reflect Uncertainty
In the oil market, Brent crude oil rose by more than 1% and exceeded $86.3 per barrel. Gold, a safe haven asset in times of uncertainty, rose 1.2% and traded at around $2,327 per ounce.
Currency Market Reflects Euro Strength
The euro gained ground against the US dollar, trading at 1.0703 units. European bond yields also picked up, with the yield on the benchmark 10-year Spanish bond rising to 3.349%.
