The Spanish stock exchange lives days of uncertainty and volatility. This morning he started off with strong descents and bank values among most punished. The Ibex 35, main selective of Spanish stock exchange, loses more than 2%, with almost all values in red and close to losing 10,000 points. It leads losses of Catalan bank in midst of instability by Catalan independence challenge: The Sabadell loses more than 4% and CaixaBank, 3.9%.Learn More
- Oryzon is shot in bag after moving its headquarters from Barcelona to Madrid
- Guindos says that clients of Catalan banks "have nothing to fear"
- CaixaBank says to take action, "I would do it in defense of customers, shareholders and employees"
The rest of entities are following in this day of descents: Bankia and Santander lose 3.4%; BBVA, about 2.8%; And Bankinter also more than 2%. In first hours of quotation all values fall, with exception of Siemens Gamesa, which raises a shy 0.2%.
The actions of CaixaBank fall today, while yesterday rose 1.6% and on Monday fell 4.43%. The scheme is similar to one that Sabadell lives. With all fixed in markets on Catalan entities, minister of Economy Luis de Guindos has pointed out this morning that "Catalan banks are Spanish and European banks, are solid entities and customers have nothing to fear." The minister has stated that "we are seeing times of many noise and confusion, but evolution of Catalan economy for moment is positive."
There is no such a clear trend in rest of great European squares. While Frankfurt and London are practically flat and Paris registers very slight descents of less than half a point, Milan also points to falls of more than 1%.
In bond market, Spanish risk premium — indicator that measures difference between Spanish and German bonds, considered as reference and safest — continues to rise. It has risen more than seven points this morning and was placed at 133 points near 10.30 a.m.