Spanish Stock Market Fell
The Ibex-35 loses another percentage point due to uncertainties: Spanish stock market fell back on Thursday in a half-day session for the national holiday of The Constitution affected by uncertainties around the trade cease between the US and China, the meeting of the OPEC countries on Thursday and the next vote of the Brexit in Parliament of the United Kingdom.
Although China showed confidence in a trade agreement with the United States on Thursday before the end of the 90-day truce between the two countries for the imposition of new tariffs, the arrest in Canada of the daughter of Huawei’s founder and financial director of the firm generated new doubts about bilateral relations.
With practically all of its components operating in red, the Ibex lost more than one percent 20 minutes after opening, with drops of more than one percent in the banking sector and in the main high-weight values.
Only Red Eléctrica (MC: REE) barely saved the trend with a rise of 0.1 percent due to its nature of refuge value.
Amadeus (MC: AMA) lost more than two percent after Barclays (LON: BARC) lowered its target price over value by 5 euros.
In Europe, after the harsh attack on the Brexit agreement of the British prime minister, Theresa May, and awaiting the parliamentary vote on December 11, the European FTSE Eurofirst 500 index lost 1.16 percent.