The Ibex cuts its fall to 7.88% and clings to 6,000 points after plunging 12%

The Ibex has plummeted 7.88% to 6,107.2 points, although it has sunk 12%, to 5,814 during the day, after checking how the coronavirus continues to spread throughout the Old Continent and the US this weekend, and after the Federal Reserve (Fed) gave the surprise last night with a new drop in rates to try to mitigate its effects. Ahead of the monetary policy meeting, scheduled for this week, the Fed cut rates by 100 basis points last night, down to 0% -0.25%. In addition, it announced a $ 700 billion asset purchase (QE) program. We note that the agency carried out another cut of 50 basis points on March 3.