Ibex started at 35 weeks with new drops With the US authorities’ intervention and bailout of Silicon Valley Bank and the closure of another bank, Signature Bank, to prevent the panic from spreading around the world. The Selector started off 0.14% on Monday and rose to 4% at the speed of the banks, losing 9,000 points in just three hours. Banco Sabadell was the most affected asset, down 11.04%, followed by Bankinter (-7.99%), Santander (-7.62%), Unicaja (-7.26%), CaixaBank (-6.84%). ) and BBVA (-). 6.74%).
Specifically, the Madrid selector was slightly placed at 9:25 am. Below 9,200 points After starting the session with 9,272 integers, both the situation of banks in the USA and the meeting of the Eurogroup this Monday are expected.
U.S. authorities yesterday instructed the Federal Deposit Insurance Corporation (FDIC) to guarantee Silicon Valley Bank customers all funds they can access from today. Meanwhile, the British Government and the Bank of England authorized the “private sale” of Silicon Valley Bank UK Limited (SVB UK) to HSBC UK Bank, the British subsidiary of HSNC Holdings, for one GBP (€1.13) this morning. provided.
“From Monday, March 13, depositors will have access to all of their money. No losses related to the Silicon Valley Bank decision, paid by the taxpayer“It states that shareholders and some unsecured borrowers will not be protected, according to a joint statement from the U.S. Treasury, FDIC, and Federal Reserve. Purpose.”To establish public confidence in the banking system of the United States”Underlined by US Treasury Secretary Janet Yellen.
Silicon Valley Bank (SVB), known as the “Silicon Valley bank” for its huge influence in the region significant customer portfolio among technology startups. Due to doubts about liquidity and solvency, the FDIC finally took the initiative to intervene with the bank last Friday. Federal officials worked all weekend to secure client funds based on different formulas.
The combination of the possible economic impact of much higher-than-expected interest rates and the emerging wave of declines in US banks dragged the banking sector down in the Ibex 35 last Friday. It happened again at launch this Monday.
The rest of European stock markets opened with more than 1% drops this Monday.. EuroStoxx lost 3.22%, German Dax 30 3.14%, FTSE MIB 4.31% and French Cac 40 1.30%. On the other side of the map, Asian stock markets closed the session with green numbers. CSI 1000 rose 0.50%, Shanghai Stock Exchange 1.20% and Hang Seng 1.85%.
Price oil barrel At the opening of European markets, Brent quality, which is the reference of the Old Continent, increased by 0.3% to $83.06, while Texas increased by 0.4% to $77.
In the foreign exchange market, value of the euro against the dollar While 1.0724 was traded on the ‘green ticket’, the interest demanded for 10-year bonds in the debt market decreased to 3.490 percent. Paradoxically, the world of cryptocurrencies woke up with optimism. Bitcoin rose 3.63% on the stock marketBinance was up 6.03% and ether 2.36%. Solana is one of the few digital currencies to drop 3.78% this morning.
Source: Informacion
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