The Spanish stock market turns around and loses again the 7,000 points

Madrid, Jul 31 (EFE) .- The Ibex 35, the main index of the Spanish Stock Market, has turned around and falls 0.44%, weighed down by the decreases of IAG and the hotelier Meliá, which have presented results in the last hours, and after knowing the data of the Gross Domestic Product (GDP) of Spain.

At midday, the selective, which had opened higher, left 30.60 points and stood at 6,966 points, which again lost the level of 7,000 points. So far this year, the Ibex accumulates a decrease of 27.05%

The rest of the great European parks are still green. Milan rises 0.96%; Frankfurt, 0.58%; Paris, 0.26%; and London, 0.04%.

Previously, in Asia, Tokyo had lost 2.82% due to the increase in coronavirus cases; Hong Kong was down 0.47% and Seoul 0.78%.

In the Ibex, the biggest decreases correspond to IAG, which fell 9.71% after presenting results and announcing a capital increase, and Meliá, which lost 8.30%.

On the contrary, the most marked increases are led by Viscofán (5.08%), Indra (2.84%) and Colonial (2.66%)

As for large stocks, Telefónica fell 2.7%; Santander, 1.78%; Repsol, 1.3%; BBVA, 1.04%; and Inditex, 0.70%. The only one in green is Iberdrola, which earns 0.78%.

In the Continuous Market, the drop in Ezentis (-9%) and the rise in Codere (8.64%) stand out.

In the oil market, prices recover. The benchmark Brent in Europe rose 0.3% to $ 43.4 per barrel, and the West Texas Intermediate (WTI), a benchmark in the US, rose by 0.4% before the formal market opening and exceeds $ 40 a barrel.

Gold, one of the safe-haven assets in uncertain times, has set a new maximum price today, $ 1,983.36 per ounce, although it is now around $ 1,976.

In the currency market, the euro has topped $ 1.19, the highest level since May 2018, but is now trading at $ 1,186.

In the debt market, the yield on the Spanish 10-year bond, the benchmark, has dropped to 3.01%, its lowest level since March.

The risk premium (difference from the German bond, considered the safest) is relaxed up to 85.7 basis points.

(c) EFE Agency