Bad week for Ibex 35. The Spanish selection closed this Friday at an annual low due to fears of a recession in Europe that is becoming more and more hidden. The index fell 2.46% to 7,583 points.. In the weekly accumulation, the drop is 5%.

In this manner, Capricorn marked a new yearly low at the close, since March 7 last year, it fell to 7,287 points, but closed at 7,644 integers.

This Friday is colored red in all bags of the Old Continent. So, the German Dax 30 left almost 2%; the French Cac 40 fell 2.28% and the Italian FTSE Mib fell 3.3%.

The week was marked by volatility in the markets, mainly due to two events. The first of them is the announcement by Russian President Vladimir Putin of a partial military mobilization, which exacerbates the armed conflict. The second major event was the Federal Reserve’s 75 basis point increase in interest rates, but the important thing was that it anticipated more hikes and warned of a recession.

Back to Capricorn, the selective started the week with little movement, but the following days were more volatile and it closed in red on all of them. This Friday, only one value closed positive inside Ibex. Fluidra has risen in price by 2.64% and Siemens Gamesa closed down.

On the opposite side is vultures, which fell by 7.9%. S&P downgraded the company due to slower-than-expected deleveraging. Repsol, that 5.3% is left, and YAG, with a fall of 4.26%, accompanied it to the bottom of the table. Also noteworthy is a 3.8% drop. Inditex.

Otherwise, This Sunday, investors will be watching the elections in Italy. The right-wing coalition (Brothers of Italy, La Liga and Forza Italia) is expected to win, led by Giorgia Meloni, leader of the Brothers of Italy.

In other markets, the euro is trading at $0.9714 (-1.24%) and marks a 20-year low. Oil drops more than 5%. Brent, the European benchmark, is $86.25 and WTI, the US benchmark, is $78.82.