The Spanish stock market fell 1.28 percent today and lost the level of 8,500 points affected by the decline in international markets after China revised their growth predictions for this year and come down the activity in the services sector euro zone .
With the risk premium by 313 basis points, the main indicator of the Spanish market, the IBEX 35, has dropped 109.90 points, or 1.28 percent, to 8,453.50 points. The annual losses rise to the 1.32 percent.
The main European markets recorded minor losses, as the Frankfurt fell 0.79 percent,Milan, 0.68 percent, the Euro Stoxx 50 index, the 0.64 percent, London, 0.61 percent,and Paris, 0.39 percent.
Although China enhanced the activity in the services sector, the reduction of GDP of the Asian country and warnings about problems with the Greek debt-conditioned the bad start of the Spanish stock market session, in less than an hour lost about 2 percent and approaching to 8,400 points.
The lowering of growth projections China this year, from 8 to 7.5 percent, sowed losses among Asian centers this morning: Hong Kong fell 1.4 percent and Tokyo 0.8 percent.
Jon Mikel Cruz