The Spanish stock market closed today totally flat session infarction, despite its semi-festive character, which came to suffer heavy losses by mistrust of the future of some euro countries.
At the end, helped by gains on Wall Street, the selective IBEX 35 indicator fell imperceptibly, just two tenths, and placed in the 7660.5 points, a level that continues to set the lowest position of the last three years, from March 2009.
Still, today concluded the worst week of the year, with a cumulative decline of 4.4 percent, which is extended to 10 percent when taking into account the cumulative decline since January.
The risk premium, one of the main indicators of the confidence that Spain in fulfilling its obligations to its creditors, rose just before the close to the 403 points, something not seen since late 2011, before the Mariano Rajoy government began its reform agenda.
Behind this strong market instability are doubts about the growth potential of the peripheral countries of Europe, and specifically about whether Spain will meet deficit reduction targets in a recession, like the present.
In Europe, the evolution of the bags was similar, as Paris was left a slight 0.19%, 0.20% Milan, Frankfurt and 0.13%, while London scored a gain of 0.35 percent.
In recent days, several analysts and brokerage firms have shown their doubts about the ability of Spain to meet its deficit targets in a recession, like the present.
In a report issued today, Societe Generale analysts believe that the draft budget just adopted by the government have worsened "confidence in Spain's ability to manage the balance between austerity and growth." Today, told Efe, the Minister of Economy and Competitiveness, Luis de Guindos, recognized the "attacks" that are suffering Spain and other neighboring countries, and it is creating a large "volatility and nervousness" in the markets.
She said that behind this situation is the perception that Europe has entered a slowdown, which could not be prevented by injections of liquidity from the European Central Bank, which casts doubt on the ability to grow in Spain and other countries like Italy and Portugal.
Among the hardest hit values were placed electrical, construction companies and banks, companies, analysts said, more will suffer from budget cuts.
Within the IBEX 35 noted the decline of Endesa, 1.59%, followed by Caixabank with 1.57%, and ACS and Abengoa, with 1.51%.
At the end, helped by gains on Wall Street, the selective IBEX 35 indicator fell imperceptibly, just two tenths, and placed in the 7660.5 points, a level that continues to set the lowest position of the last three years, from March 2009.
Still, today concluded the worst week of the year, with a cumulative decline of 4.4 percent, which is extended to 10 percent when taking into account the cumulative decline since January.
The risk premium, one of the main indicators of the confidence that Spain in fulfilling its obligations to its creditors, rose just before the close to the 403 points, something not seen since late 2011, before the Mariano Rajoy government began its reform agenda.
Behind this strong market instability are doubts about the growth potential of the peripheral countries of Europe, and specifically about whether Spain will meet deficit reduction targets in a recession, like the present.
In Europe, the evolution of the bags was similar, as Paris was left a slight 0.19%, 0.20% Milan, Frankfurt and 0.13%, while London scored a gain of 0.35 percent.
In recent days, several analysts and brokerage firms have shown their doubts about the ability of Spain to meet its deficit targets in a recession, like the present.
In a report issued today, Societe Generale analysts believe that the draft budget just adopted by the government have worsened "confidence in Spain's ability to manage the balance between austerity and growth." Today, told Efe, the Minister of Economy and Competitiveness, Luis de Guindos, recognized the "attacks" that are suffering Spain and other neighboring countries, and it is creating a large "volatility and nervousness" in the markets.
She said that behind this situation is the perception that Europe has entered a slowdown, which could not be prevented by injections of liquidity from the European Central Bank, which casts doubt on the ability to grow in Spain and other countries like Italy and Portugal.
Among the hardest hit values were placed electrical, construction companies and banks, companies, analysts said, more will suffer from budget cuts.
Within the IBEX 35 noted the decline of Endesa, 1.59%, followed by Caixabank with 1.57%, and ACS and Abengoa, with 1.51%.
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