The Ibex and the rest of Europe fall sharply due to the tension between the US and China
China has ordered the closure of the US consulate in Chengdu
The Ibex and the rest of European stock markets are left more than 1% this Friday due to the tension between the United States and China. Asian stocks have experienced a day of clearly red numbers, with declines of almost 5% in Shenzhen and about 4% in Shanghai after China has finally ordered the closure of the US consul in Chengdu.
This decision by China comes after, this week, the US ordered the closure of the Chinese consulate in Houston.
"The current situation between China and the United States is something that the Chinese side does not want," the Foreign Ministry said in an online statement picked up by CNBC.
"The responsibility falls entirely on the American side," the statement added. "We urge the US side once again to immediately reverse its relevant wrong decisions, to create the necessary conditions for the relationship between the two countries to return to normal."
The Chengdu Consular District encompasses the controversial Tibet Autonomous Region, Chongqing Township, and Sichuan, Yunnan and Guizhou Provinces.
Thus ends a week that has been quiet for the most part, but which has been overshadowed by these political problems between the two main world economic powers. Investors today will be particularly vigilant about PMIs being released in Europe and the US. Next week there is an avalanche of results in Spain - with figures as important as those of Telefónica, Santander or BBVA - and a meeting of the Fed rates.