The Covid returns to the Stock Exchanges around the world: the Ibex falls by 4% and tourism companies by up to 14%

The Covid returns to the Stock Exchanges around the world: the Ibex falls by 4% and tourism companies by up to 14%

South African scientists and health authorities confirmed on Thursday the detection of a new variant of coronavirus, identified as B.1.1.529, which has multiple mutations and which has aroused “concern” among specialists and fear in the markets. The falls caused by the covid stretch from Tokyo to London and go from bags to oil. In Spain, the Ibex 35 it loses about 4%, again the worst index in the old continent, and tourist values ​​plunge by up to 14%.

This decrease of 3.68% leads the Spanish team to play 8,500 points, already close to the levels of last July, with the big four tourist plummeting between 15% and 7%. IAG hunde a 14.64%; Aena, a 7.28%; Amadeus, 6.68% and Meliá, 6.51%, with what they occupy the biggest falls of the index. “Due to its high exposure to tourist and banking values, the Ibex 35 has suffered greater falls than the rest of the European counterparts”, underlines Joaquín Robles, analyst at XTB.

Brussels has proposed suspend flights from southern Africa due to the discovery of a new variant of the coronavirus. The United Kingdom and Israel announced on Thursday travel restrictions from several countries in southern Africa due to the detection in South Africa of this new variant. Similar announcements have also been made by Germany, France, the Netherlands and Italy.

With Europe “armored”, the Stock Exchanges turn their attention to any information related to the covid. Frankfurt loses around 2.77%; Paris more than 3.5%; London, 2.62% and Milan about 3%. The Euro Stoxx 50 is down 3.20%. Ben Laidler, global markets strategist at e Toro, explains that the indices of the old continent are the most affected by being the region of the world with the most cases of new ones and being more exposed to the slowdown in the world growth that may occur.

The steep declines come to the old continent from Asia. The Tokyo Stock Exchange closed this Friday with a 2.53% drop in its main indicator, the Nikkei. The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, recorded losses of 2.67%. The stock markets of Singapore, Indonesia, Malaysia, or Vietnam also closed in the red; while falls of around 2% are expected at the opening of Wall Street.

Panic over the South African variant

According to Diego Morín, the new variant of covid is creating this “panic” seller in the Stock Exchanges because its impact is not known, that is, the effect that current vaccines will have against it, and warns that the uncertainty could “paralyze the processes of Economic recovery, thus weighing on the initial prospects of central banks, along with inflation that continues to rise. “

Sara Carbonell, General Director of CMC Markets in Spain, focuses on what happens in Germany, a country where the situation is quite negative. In your opinion, if they occur confinements in the “locomotive of Europe” the market can be very complicated ”. For his part, Robles recalls that it must be taken into account that most of the main world references were near historical highs in a year with hardly any corrections.

“Risk aversion” is affecting the assets most sensitive to the prospects for economic growth: stocks and shares. raw Materials. Pending what happens next week at the meeting and OPEC +, the Petroleum The benchmark in Europe stood at $ 78.25 on the International Exchange Futures, a considerable drop in value compared to its close on Thursday, when it ended the day at 82.2. Meanwhile, “safer” assets like the dollar, bonds and gold are rising. The Hardly, known as the fear index that is taken as a reference to measure the volatility of the markets, shoots up 35%.

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