Spain’s stock market falls 0.23% as investors watch the Middle East, oil and debt
Translated from Spanish and summarized by DistantNews. Read the original for the full story.
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- Spain’s IBEX 35 fell 0.23% to 19,779 points as tensions in the Middle East pushed oil prices higher and sovereign debt markets remained under pressure.
- Banco Santander, BBVA, Telefónica and Repsol gained, while Inditex and Iberdrola declined; the index remained up 14.28% for the year.
Spain’s IBEX 35 closed down 0.23% on Wednesday at 19,779 points, losing the 19,800 level as tensions in the Middle East escalated, oil prices rose and sovereign debt markets remained tense.
The index lost 45 points after moving between negative and positive territory during the session. It followed other European markets lower, despite gains on Wall Street when the Spanish market closed.
Among major stocks, Banco Santander rose 1.02%, BBVA gained 0.93%, Telefónica added 0.58% and Repsol increased 0.21%. Inditex fell 2.33%, while Iberdrola declined 1.13%. Despite the day’s drop, the IBEX 35 remained up 14.28% since the start of the year.
About this summary
Originally published by ABC Color in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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