Friday, December 3

Spanish and British stocks, at the bottom of Europe

In the absence of a little more than a month for the end of the exercise, the IBEX 35 and the British FTSE 100 they share a destiny: that of being the worst benchmark in Europe in 2021.

It is true that this year, unlike the previous one, both indices are positive, but they are up slightly less than 12 percent, compared to the 25 percent and 26 percent accumulated by the biggest winners, the French CAC 40 and the Italian FTSE MIB.

European stocks have reached highs with the support of corporate results and central bank policy, but in the case of the main Spanish indicator, it is still far from the levels it marked before the pandemic, above 10,000 points .

An IBEX 35 at 9,100 points

This second week of November starts it from 9,100 points. It seems like a poor booty when most of the IBEX 35 companies have already presented their accounts.

Today the market will react to the results of Siemens Gamesa, which he presented at the close of the session on Friday.

The wind turbine company recorded losses of 627 million euros in its 2021 fiscal year, which runs from October 2020 to September 2021.

This represents a decrease of 31.7 percent compared to the losses of 918 million euros in the previous year.

Siemens Gamesa stock market crash

The sessions prior to the presentation of its accounts, Siemens Gamesa sank on the stock market, also affected by the prospects announced by its competitor Vestas, which reduced its forecasts for the fiscal year.

In the UK’s FTSE 100, the worst performing sectors were banks and mining. But it was in September that the London index reached its lowest level compared to the Stoxx 600.

In the Spanish market this week will be the leading role for companies in the continuous market, which will present their accounts, although there are still some IBEXs to do so, such as Naturgy, which will do so on the 10th.

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