Take a fresh look at your lifestyle.

The Ibex plummets 2.91% and loses the 7,000 dragged down by the big titles

0



The Ibex is down 2.91% and has lost 7,000 points (6,996 points). Also, it has also abandoned the support it had at 7,060 points. This, given the new avalanche of results in the Spanish market. They have published their accounts Telefónica, BBVA, Siemens Gamesa, Liberbank, ArcelorMittal … In all cases, Covid is the clear protagonist of the figures, with semi-annual losses or significant falls in net profit due to the pandemic. BBVA has fallen more than 8% and being the worst value of the selective with Sabadell (-7.29%). They have also fallen willingly Telefónica (-3%), CaixaBank (-4.24%), Santander (-5.74%) …

BBVA has lost 1,157 million in the semester after the deterioration of the US goodwill registered in the first quarter and by the effect of Covid, which It has led it to endow 644 million euros in the second quarter.

As for Telefónica, it has won 53.5% less in the first semester after a second quarter hit by the virus that has had a clear effect on both revenue and OIBDA. Even so, the company has confirmed short and medium-term forecasts and has confirmed the dividend. Telefónica has taken advantage of the publication of results to announce the sale of its subsidiary in Costa Rica to Liberty for 425 million and to communicate that it has committed itself, within the framework of the Digital Pact, to have 100% of Spain covered with fiber by 2025.

Outside our country they have published their accounts Volkswagen or Credit Suisse.

Refering to Federal Reserve (Fed) meeting, whose conclusions were known in the last day, with the European exchanges closed, the body pledged to maintain its bond purchases and series of loan and liquidity programs intended to shore up the economy amid the consequences of the coronavirus. The central bank warned that although activity had recovered from its lowest point, the United States economy remains well below pre-pandemic levels and will largely depend on the course of the virus.

In relation to the virus, it should be noted that Brazil reported a daily record of 69,000 new cases on Wednesday, while deaths from the virus in the US have increased for three consecutive weeks and new peaks have been seen in parts of China, Australia and mainland Spain.

As for the macro data of the day, the unemployment rate in the euro area rose slightly to 7.8% in June, above expectations. In Spain, the CPI falls again and falls three tenths in July, down to -0.6%.

. (tagsToTranslate) Ibex (t) plummets (t) 2 (t) 91% (t) loses (t) 7,000 (t) dragged (t) big (t) titles (t) Category: All (t) Category: Market Report (t) Category: Europe Report (t) Category: International News (t) Category: Market Report – close (t) Category: Pulses (t) Category: Pulses Europe (t) Category: Market Pulse (t) mostread_ultimas (t ) mostread_fundsnews (t) mostread_mercados (t) mostread_internacional



Leave A Reply

Your email address will not be published.