The Ibex can breastfeed against its European counterparts this year, accumulating a fall of 9.6% in the year compared to the 19.4% loss of the EuroStoxx, the benchmark index in Europe.
However, this data offers a distorted snapshot of the true situation of the Spanish stock market. To find the correct photo, it is necessary to consider the evolution of, since due to their high weighting (74%) they end up determining its evolution. In this case, 50% of the index heavyweights are already in a bear market, falling more than 20% from their highs. These losses show the reality of the Ibex and throw to the ground the supposed resistance of the Spanish stock market to the current uncertainty of the market.
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