The Spanish stock market falls 1.38% after the opening and loses 7,000 points

Madrid, Aug 20 . .- The Spanish stock market increased the losses at the beginning of the session to 1.38% and lost the level of 7,000 points conditioned by the fall of large stocks and Wall Street on the eve, according to data From the market.

At 9.15 am, the benchmark index for the national market, the IBEX 35, fell 97.6 points, or 1.38%, to 6,996.7 integers. In the year it decreased by 26.75%.

In Europe, the price of the euro rose slightly after yesterday’s depreciation and was trading at 1,185 dollars, the 1.48% drop in Paris stood out, while Frankfurt lost 1.37%; London 1.14% and Milan 1.08%.

The fall of Wall Street on Wednesday after having marked all-time highs during the session, conditioned the opening of the domestic market to the downside.

The Dow Jones Industrials Index lost 0.31%, the S&P 50 0.44% and the Nasdaq 0.57%,

Doubts about the US economic recovery, the increase in infections from the coronavirus and the 0.4% drop in futures on Wall Street indices conditioned this start of the session.

In addition, the price of a barrel of oil fell (Brent crude was trading 0.7% cheaper, up to $ 45).

All the major values ​​also fell: BBVA lost 3.06%, the fourth largest drop for the IBEX, while Banco Santander lost 2.44%; Telefónica 2.19%; Repsol 1.88%; Inditex 1.38% and Iberdrola 1.02%.

The biggest drop in the IBEX corresponded to IAG, 4.01%, while ArcelorMittal fell 3.63% and Acerinox 3.3%.

Grifols led the increases in the IBEX, gaining 0.76%, followed by Merlin Properties with a rise of 0.69%, while Almirall advanced 0.21% and MásMóvil 0.18%.

The price of an ounce of gold, after the depreciation of the euro on Wednesday, rose 0.8% and changed to $ 1,944.

The interest on the Spanish debt remained at 0.29% and the risk premium rose to 77 basis points.