The fear that the threats of a confrontation imminent materialization has unleashed massive sales by investors and crashes are around 3%. The Ibex 35 moves away from 8,600 points
The increased tension in Ukraine has shaken European stock markets at the beginning of the week and the region’s main indices have suffered significant declines since opening on Monday. The fear that the threats of a confrontation imminent materialization has unleashed massive sales by investors and crashes are around 3% in the first trading hours.
It is the case of Ibex 35, which leaves 2.9% and moves away from 8,600 points with practically all its values in negative. The declines are even greater in Paris, where the Cac 40 lost 3.1%; in Frankfurt, where the Dax falls 3.3%, and in Milan, where the Ftse Mib falls by almost 4%.
The disaster is the consequence of a weekend of negotiations to the limit that, despite this, seem to have been unsuccessful, judging by the statements of the highest officials involved in them. The White House National Security Advisor, Jake Sullivanhas stated that Russia might invade Ukraine “any day from today”even this week, although he is still betting on the path of diplomacy.
“We can’t exactly predict the day, but we have been saying for some time that we are within the window and the invasion, a large military action, might be initiated by Russia in the territory of Ukraine any day from today. That includes next week, before “Olympic Games” in Beijing are over, Sullivan told CNN yesterday.
The tension in Eastern Europe adds more pressure to markets that have already accumulated several weeks of volatility with an eye on inflation, changes in the monetary policies of central banks and problems in supply chains. supply, which remain unresolved.
Hence, the bags are not the only ones that are suffering these days. The petrleo continues its climb and this Monday the week began with the price of a barrel of Brent, a reference for the Old Continent, at 94 dollars following rising 0.55%, while Texas stood at 93 dollars, following rising 0 .78%.
Fixed income also remains in line with recent sessions, reflecting investors’ doubts at the start of the withdrawal of stimulus by central banks. In this context, the Spanish risk premium has climbed to 90 basic points, with the interest required on the ten-year bond at 0.99%, compared to 0.08% on the bund German that is taken as a reference.
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