- Popular does not recover after publishing last Friday historical losses
- The Ibex does much better than the rest of Europe in 2017
The Ibex ended the first session of the week at 9,357 points, with all banks in red, and continues to fall on Tuesday (-0.34%). While Spain corrected (-1.11%) and Europe, Wall Street remained undeterred and 'making good progress' (yesterday the indexes closed there flat, with very slight drops).
- 11.641,300
- 0,26%
Despite this worse behavior in the Ibex during the day, in 2017 is not the worst index in the Old Continent. The Spanish index rose 0.06% in the accumulated of 2017 while the Dax adds 0.25% up. The rest of European places fall between 1% and 2%.
THOSE BANKS
Caixabank is on Tuesday the worst value of the Ibex (-4%) after the sale of a 5.32% by Criteria. Banks are again the protagonists, with Bankinter losing 2.5%. Popular (-0.82%) was during most part of the session on Monday the worst value of the selective. The bank was unable to react after falling on Friday after suffering losses of almost 3.5 billion euros in 2016. The bad situation of the bank weighs mainly the sector in Spain, although this Monday the whole banking sector fell hard in Europe with Cuts above 2% in the Euro Stoxx Banks index.
In Spain, Sabadell has presented the update of its strategic plan. The bank has said it expects to end 2017 with a profit of 800 million euros.
Markets continue to monitor current political and business realities. In the United States, Donald Trump continues his particular 'struggle' to impose his immigration veto.
On the other hand, the Central Bank of Australia has kept interest rates unchanged at 1.5%, as expected and Germany's industrial output in December was -3%, well below the forecast 0.3%