The new strain of coronavirus has also reached the bags. The main European squares have opened downwards and in Spain, the Ibex 35 plummets by around 3% and has lost all 7,800 points after rekindling fears about new infections and the possibility of more restrictive measures to try to control them.
The new mutation, located in the United Kingdom, has led almost all EU countries to close their borders with the United Kingdom and in London, Boris Johnson has raised the confinement on the British capital and established a travel ban from the British capital, with few exceptions.
The Government of Spain has announced that it will strengthen the verification control of PCR tests at airports and ports for people coming from the country.
All these measures reactivate investors’ fear of their effects on companies and economies, just a few days before the vaccination campaign begins throughout the European Union and in the middle of the Brexit negotiation. And that fear translates into losses in the bags.
In the selective Spanish all values have started the session in red, although the harshest punishment is for Solaria (-8.8%), for Repsol (-7.4%) and for the banking sector. BBVA fell more than 6% and Santander and CaixaBank, more than 5%.
The mash is also noticeable in the compañÃas turÃsticas, who were beginning to harbor hopes of recovering a part of their activity with the appearance of the different vaccines. Now those hopes are again in question. IAG, the airline conglomerate that is one of those that has suffered the most from the stock market effects of the coronavirus, fell almost 3% this Monday, as did Aena, while Amadeus was close to -3.5%. The Meliá hotel chain, for its part, leaves more than 2.2%.
The rest of the European stock markets repeated the falls, although more smoothed, with falls of 1.96% in the case of Frankfurt, 2.55% for Paris and 1.86% for London.
In this context, a barrel of West Texas Intermediate (WTI) oil, the benchmark for the United States, was trading at $ 47 at 9:01 am, after falling 3%, while Brent crude, the benchmark for Europe, set a price $ 50, down 3%.
Finally, the price of the euro against the dollar stood at 1.2184 green bills, while the Spanish risk premium stood at 60 basis points, with the interest required for the ten-year bond at 0.017%.
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