To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: Spanish Stocks Slump Almost 2%
The IBEX 35 closed deeply in the red, falling nearly 2% to 9,031 on Friday, its lowest level since May 13th, pressured by stainless steel manufacturing company Acerinox which saw its shares slumping 10% after large shareholder Nippon Steel Stainless Steel sold part of its stake at a discount. Also, shares of Spanish energy and infrastructure group Acciona plunged nearly 7% after saying it plans to sell a 15-25% stake in its energy subsidiary Acciona Energia. At the same time, investors continued to digest concerns over inflationary pressures and the possibility the Fed would hike rates as soon as late 2022. Domestically, Prime Minister Pedro Sanchez announced today that Spain will lift the legal requirement to wear a mask outdoor from June 26th, amid the good progress in vaccination in the country and with the incidence of the virus at its lowest level since last August. The IBEX 35 booked a 1.9% loss in the third week of June. . [/s2If]
Join Our Telegram Group