The Ibex falls eagerly this Monday under pressure from the values of the tourism sector
Meliá and IAG again lead the declines of the selective
The Ibex fell sharply this Monday (-1.2%. 7,067 points) pressured by the values of the tourism sector. Meliá, IAG, Aena, eDreams ... all of them roll back at the warning from the German Government regarding the rebound in cases of coronavirus in Spain. All German tour operators have decided to cancel their organized trips to the Balearic Islands from this Saturday, which represents a new problem for the sector.
Thus begins the third week of August. The international chronicles highlight that the tensions between China and the United States also weigh on the markets. It should be remembered that US President Donald Trump issued an executive order on Friday that forces the Chinese company ByteDance to sell or divest its TikTok business in 90 days. In his order, Trump cited "credible evidence" that ByteDance "could take action that threatens to harm the national security of the United States."
Meanwhile, Reuters reported over the weekend that the review of the US-China trade deal, initially set for Saturday, was delayed without a new date being agreed, citing sources familiar with the plans. Sources told Reuters that the delay was due to scheduling conflicts, as well as to allow time for more Chinese purchases of US exports.
However, Asian stock markets have experienced a mixed session, with rises in Chinese markets -CanSino has shot up after the Government granted it the first patent for the Covid-19 vaccine- and falls in the Nikkei after Japan's economy contracted at an annual rate of 27.8% in the April-June quarter, the worst data on record, due to the fact that the coronavirus pandemic affected consumption and trade, according to government figures released this Monday.
The coronavirus pandemic continues to dominate investors' attention as cases increase and outbreaks reappear in some parts of the world. On Sunday it was announced that New Zealand Prime Minister Jacinda Ardern has delayed the country's elections - originally set for mid-September - by four weeks due to the virus outbreak in Auckland.
This Monday there are no particularly outstanding business results on the calendar, nor are there any relevant macro data.