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Ibex35 firms EPS in 2018 will be 29% less than in 2008

Santander | In terms of stock market behavior, the Spanish market has lost the last decade. The Ibex35 today trades 2% below its level of 2008 and the PSI20 does it 25% below (a behavior even more negative than that of the Italian market, which has fallen by 11% in this period), in a clear contrast with the revaluation of 50% of the EuroStoxx in this period and 237% of the S&P500.