The Ibex fell 2% in its worst session since the banking crisis in March

The Spanish stock market is returning to the path that barely a week ago led to IBEX 35 exceed 9,600 points. Fears of new interest rate hikes and their impact on economic activity returned strongly to the market, and the selective left this Thursday 2.12%, up to 9,285 points. It is its worst session since mid-March, amid the banking crisis in the United States and the fall of Credit Suisse in Europe. Within the indicators, IAG led the decline (-4.14%), followed by Inmobiliaria Colonial (-4.1%), Merlín Properties (-4.07%) and Inditex (-3.89%). Other weighted values ​​such as Santander, Repsol or BBVA fell by more than 3%, 2.2% and 1.7% respectively, while Indra was the only one to close positively after adding 0.51%.

The day was also difficult for other European places, where red numbers exceeded 3% in Paris or 2.5% in Italy and Germany after learning about new references from the labor market in the United States. Specifically, the country’s private sector created 497,000 jobs in June. A figure that doubles the 228,000 predicted by the consensus of analysts. As soon as the data was released, investors accelerated their withdrawal from the market, given the prospect that this strength in the labor market would give the Federal Reserve (Fed) wings to raise interest rates again.