IBEX loses 9900 points

The day of decline for the IBEX35 index, which fell 1.25%, was motivated by data that industrial production fell 0.2% year-on-year in December. Grifols, Sabadell, Naturgy and Santander are the companies that burden our choice the most, to the point that it loses the 9900 euro level with today’s falls. Only Solaria, Acciona, Rovi and Unicaja stand out with heights above half a point.

At the corporate level, warnings have focused on Grifols, which still has concerns about its book value, and Santander, which faces a possible class action if its account is linked to Iran.

This session was also not successful for the German market, where industrial data showed a much more pronounced decline – to 6.9%. The DAX index loses 17,000 points today and closes with a swing of 7 tenths down.

In the US market, we highlight Tesla, which faces a new workforce reduction policy amid slowing sales growth as the automaker invests in its future gigafactories and its main rival (China’s BYD) gains market share in Europe. We learned about this update in Tesla’s roadmap on the day we will see the SP500 at an all-time high close to $5,000.

In other markets, we have West Texas Barrel with small daily price adjustments while EURUSD rises by a tenth and Bitcoin trades flat.

Adrian Hostaled, XTB Analyst