The IBEX suffers its greatest fall in 17 months due to the fear of the new Variants of Covid |Bag chronicle

The fear of the new Variants of Covid has caused a true 'Black Friday' in the bags around the world.The IBEX has collapsed 4.96% to 8,402.70 points, in its worst session since June 2020. Tourism, banks and raw material companies have headed the cuts.In the week, the Spanish selective has left 4%.

Black Friday has brought sales in European stock markets up to 5% in its indices.The agenda of the day favored continuity in yesterday's truce, propitiated by the 'Thanksgiving' day in the United States.The festive semipuente on Wall Street today included a day without references and with advanced closure.The agenda of the rest of the markets also contributed to avoid shocks.But Covid, again, has truncated any hope of truce.The alerts have unleashed before the appearance of new crown variants that could be more contagious.

The fears have triggered the possibility that these new variants can be more resistant to vaccines.According to the first scientific studies, it would be an unusual combination of mutations, "the most significant to date", with a completely different protein from the original, hence the fears of their resistance to vaccines.The incipient spotlights have been detected in areas as far away as South Africa and Hong Kong, although the first case of this mutation in Belgium has already been confirmed.

The keys to collapse of the bags

The propagation of the new variants have multiplied the fears already existing to the adoption of additional and more severe restrictions to try to stop the infections.The shadow of confinements in Austria plans over other European countries, such as Germany, which before these new variants already proposed to harden the measures.With this panorama, economic forecasts weaken, and with it, the expectations of additional improvements in business benefits, one of the main motors of the stock market rally lived this year.

Growth slowdown is not the only macroeconomic restlessness among analysts.Inflationist tensions persist and find no brake, as one of the few relevant macro data has reflected today, the import prices of Germany.The interannual increase has shot at 21.7%, above 19.6% that discounted the market.

La primera referencia de la jornada, los mercados asiáticos, dieron muestras ya del grado de alerta que activan los inversores ante las nuevas variantes del Covid. El Nikkei de Tokio cayó al cierre un 2,53%. En Wall Street, la minitregua esperada hoy en pleno Black Friday y con solo media sesión ha dado paso a un correctivo superior al 2% en sus principales índices. Al cierre, el Dow Jones se ha dejado 900 puntos en la peor sesión del año y quedarse en los 34.899 puntos. El S&P 500 y el Nasdaq ha registrado caídas del entorno del 2,2% y los tres despiden la semana con pérdidas que van del 2,7% del índice de industriales al 3,4% del compuesto.

The collapse has been even more accused in Europe, and in the Spanish Stock Exchange.The bassist wave has intensified in the IBEX, one of the European stock market rates with the highest direct exposure to tourism.At the close, the Varapalo has been 4.96% to 8,402.70 points at its worst session since June 2020. The selective, at least since July, has lost 4% in the whole of the week.

The most sensitive values to the restrictions by the Coronavirus face an Aciaga day.The bearish wave is primed with the companies most linked to tourism.The European Union has interrupted flights with South Africa, and investors fear that the adoption of new restrictions stop the expected recovery in the sector.IAG, Aena, Amadeus and Meliá closed yesterday with unanimous increases, especially forceful in Meliá, triggered 5.6% for the support of Jefferies.Today's session has acquired a much more bassist sign in its quotes, with losses of 15.59% in IAG.The airline is the most affected by the suspension of flights between the United Kingdom and South Africa, a measure that fully affects its British Airways division.Amadeus has sunk 7.50%;Aena, 8.77% and Meliá, 7.77%.

Cyclic sectors have suffered additional deterioration in growth prospects.Companies linked to raw materials such as Repsol (-7.35%), Arcelormittal (-7.10%) and Acerinox (-4.76%) have accused the collapse of commodities such as oil and gas.

The banking sector faces a more bleak economic scenario that, in turn, could delay the types of types of the European Central Bank.Santander (-8.92%) has widely lost the level of three euros per share and BBVA (-7.34%), it has done the same with that of the five euros.Sabadell.It has left 6.09%.

A heavyweight like Inditex (-4.94%) had already been affected in the last days for the news of Austria's confinements and the greatest restrictions that countries such as Germany could adopt.The new Covid variants raise the degree of uncertainty about consumption, and have led the textile giant to lose the level of 30 euros.

Values with a more defensive profile of Ibex have offered greater resistance to falls.Cellnex has added 1.97%and Pharmamar has won 1.18%, while Siemens Gamesa has been at the head of advances with a 3.54%rise.

The rest of European stock markets have suffered varapalos greater than 4%.The German Dax has left 4.15%, the French CAC has lost 4.75%and the Italian MIB has yielded 4.60%.Something minor have been the falls of the British FTSE (-3.64%).

The alerts have concentrated in sectors such as airlines and hoteliers, as well as in oil and mining companies, with special incidence in these two cases in the British FTSE.One of the few bullish notes of the day puts Software Ag.The German business software firm has announced that it opens a process of sale of the company, hence investors have anticipated possible offers with 9.4%increases.

The pessimism wave caused by the new Variants of COVID accelerates divestments in the raw material market, by discounting more moderate economic growth.The price of oil sinks more than 10%, so that Brent barrel price is replicated below $ 74.The West Texas type barrel, reference in the US, falls to 69 dollars.

The euro recovers part of the recently lost land at the edge of $ 1.13.The British pound accuses health alerts over the United Kingdom for its greater link with foci of the new Covid variant such as South Africa and Hong Kong, and suffers to maintain the level of $ 1.33.

The new outbreak of pessimism and disinversions in Variable rent relat to the taking of positions in a market with a more defensive profile such as public debt.Purchases deflate the profitability of the bonds.The negative interest rates of the German Bund increase by about 10 basic points since yesterday, far exceeding the threshold of -0.30%.In Spain, the profitability of the ten -year bonus lows towards +0.40%, while in the US the interest of the debt at ten years is deflated to +1.50%.

Purchases make their way equally in gold.The precious metal acts as an asset refuge and approaches the barrier of $ 1,800 per ounce.An asset with a much less defensive profile such as Bitcoin acquires a bearish sign that returns its price to the environment of $ 54,000.