adminpercent to 3 226,33 points but in Frankfurt the DAX 30 shed 0,75 percent to 6 710,77 points.
Madrid’s IBEX 35 index plunged 2,55 percent to 6 831,9 points, its lowest level in three years as investors punished the overextended banking sector.
The Spanish electrical network group Red Electrica was also hit by Bolivia’s decision to nationalise Red Electrica’s local arm Transportadora de Electricidad.
In foreign exchange deals, the euro fell to US$1,3154 from US$1,3234 in New York late on Tuesday.
“The holiday mood has soured very quickly in Spain,” noted IG Index trader Chris Beauchamp.
The eurozone unemployment rate hit a record 10,9 percent in March while Spain, already struggling to fend off concerns that it will need a bailout, was at a staggering 24,1 percent, according to Eurostat. — AFP.
Online Reporter
- Herald
- October 2, 2026
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‘Let’s listen to the people’ . . . Put their needs at core of development: President
Zvamaida Murwira and Joseph Madzimure GOVERNMENT must keep listening to the people, as they expect it to deliver policies that put their welfare and needs at the core of national…
