The Spanish stock market has dropped 2.48% this Tuesday and has lost the level of 8,000 points affected by the decrease in economic activity in Europe, the 2% drop in Wall Street and the decline in banking, according to market data .
The main indicator of the Spanish stock market, the IBEX 35, has lost 202.4 points, that 2.48%, the biggest drop since June 12, to 7,959.4 points, the level of the beginning of last March. Annual losses rise to 8.66%.
The Spanish stock market returned to the prices of four months ago due to the drop in activity in the European services sector, the depreciation of the euro to 1,026 dollars, the level of December 2002; the drop in the New York stock market and the collapse of the price of a barrel of Brent oil, which fell 8.25% at the close and slightly exceeded 104 dollars.
Of the large stocks, only Telefónica has risen, 0.16%, third place on the IBEX by earnings; while Repsol has yielded 5.78% (largest drop in the IBEX), Banco Santander 4.29%, BBVA 3.62%, Iberdrola 1.41% and Inditex 1.31%.
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