The Ibex falls below 8,700 points and closes its third negative day in a row

The huge wave of aversion against risk that was unleashed by the Chinese Popular Bank letting its currency fall to 7 yuan per dollar has once again affected the markets on Tuesday. The European stocks have attempted a rebound but in the final push they deflated (Cac: -0,01%; Dax: -0,6%; Ftse 100: -0,7%; Ftse Mib: -0,5%) while the Ibex has fallen 0.89% and closed at 8,699 points.