PSI 20 fell more than 2% in one of the worst performers at European level – publico

                 

                         
                     

                 

 
 

The European markets have returned to close in negative territory on Tuesday, penalized by the slowdown of the world economy and fears Portugal was no exception. The PSI 20 benchmark index ended the session lost 2.39% to 4657.14 points, one of the worst records among European equity markets. “There is a prolong the negative sentiment and selling pressure, with investors showing concerns about the slowdown of the economy and the fall in the price of raw materials,” he stressed Gualter Pacheco, trader GoBulling, quoted by Reuters.

of the 17 listed companies that currently make up the PSI 20, 13 devalued, one was unchanged from the day before and the other three rose. BCP led the declines to lower 6.43% to 0.0349 euros, followed by Portucel (-3.75% to 2,695 euros), by Sonae (-3.54% to 0.926 euros), by Pharol (-3, 20% to 0.212 euros) and Galp Energia (-3.18% to 10.505 euros), has listed the Lusa.

the day was also marked by rising sovereign debt interest. The rate of Treasury Bonds (OT) 10-year worsened to 3.57%, reaching a maximum in the last 15 months, only surpassed by the Greek who shot 58 points to over 11%, while Spain and Italy fell. “It appears that Portugal is being seen again as the weakest link in the periphery. It is a structural issue, despite all that has been done the economy does not grow, the deficit does not come down and debt is still significant,” he told Reuters Albino Oliveira, an analyst at Patris Investments.

Among the major European markets, the losses ranged from 0.83% to 2.75% Frankfurt and Milan. the financials were among the hardest hit and the pan-European index DJ Stoxx for banks lost 4.6% as investors fear that low interest rates affect the profitability and soundness of banks.

Deutsche Bank ( DB) had to issue a statement to reassure investors who have a strong capital position and ability to pay its debt to bondholders. Last year, the largest German bank reached a record loss of 6.8 billion euros, figures that have led some analysts to question the financial soundness of the institution and its ability to repay debt. DB bonds have been under pressure and has devalued almost 20% since the beginning of the year.

In a day of widespread losses in the markets, oil was also highlighted in the negative. Brent oil fell to $ 31.76 and the Nymex for $ 29.09, a day when the International Energy Agency has come to say that OPEC increased production in January and that excess crude supply in the market is greater than estimated.