- DIA is the value that falls most of the Ibex and loses about 3%
- Santander and BBVA have opened with decreases close to 1% that have moderated later
The Ibex 35 starts the week with declines after marking on Friday the highest since December 2015. The index is trading 0.4% lower with DIA as the value it loses the most, leaving 1%, and with generalized losses in the banking sector . Outside of Spain the main protagonist is Deutsche Bank, which this weekend confirmed its intention to make a capital increase of 8,000 million euros.
- 16,532€
- -0,77%
- 11.154,600
- 1,56%
Investors will be looking at Deutsche Bank, which will issue 687.5 million shares. The bank sinks 6% in the stock market. The company, which has a stock market value of 25,000 million euros, has been in the spotlight for months on doubts about its solvency, given the fall in profitability of the business and the million-dollar litigation it has faced.
The German bank drags the rest of the European financial sector, especially the Ibex 35, where the weight of the bank is close to 40%. Santander and BBVA have opened with losses close to 1% that they have moderated later.
In the macro field the day has few references, such as Sentix investor confidence indicator, and data on orders for durable goods in the United States. On Wall Street, where the Dow Jones closed again above 21,000 points, it is already assumed that the Federal Reserve will raise rates in March, especially after statements by its chairman, Janet Yellen, and Other prominent members of the central bank. This week, however, will be another monetary authority the protagonist, with the meeting of the European Central Bank (ECB) on Thursday for which the market expects no changes.