The IBEX 35 fell sharply this Friday by 1.58%, losing 11,000 points, weighed down by large values, with Telefónica and BBVA losing more than 2%, all of which closed in the red, except for Repsol, after the unemployment rate in the United States States fell a tenth to 3.8% in March compared to February, while job creation remained steady at a time when the Federal Reserve (Fed) has expressed reluctance to cut interest rates and is more likely to increase this data a strength of the economy rather than a weakness.
The IBEX 35, the main index of the Spanish stock market, fell by 174.9 points or 1.58% to 10,916 points, despite recording an increase of 8.06% over the year. As the euro rose to $1,083, the rest of European stock markets closed this Friday with declines. Milan lost 1.29%; Frankfurt, 1.24%; Paris 1.11% and London 0.81%.
The stock market began with losses that widened as the session progressed, in line with the rest of major European stock markets and despite Wall Street’s green opening after the three major indexes, hit by comments, closed negative on Thursday from several Fed- Members who weakened their forecasts for interest rate cuts.