Sharp falls in the Ibex and the rest of Europe due to the new strain of the virus in the United Kingdom
IAG and Meliá have not managed to start trading due to strong selling pressure
Strong falls in the stock markets of the Old Continent (Ibex: -2.5%, 7,834 points; Cac: -2.77%; Dax: -2.19%; Ftse 100: -2.06%) due to the new strain of the coronavirus that has appeared in the United Kingdom and that has led Europe to close communications with the country. This Monday the European Union (EU) meets to coordinate a community response to this situation. Spain, for the moment, has not suspended flights to the country pending what the block decides today. The British emergency committee also met this Monday.
IBEX 35
11.432,400
-
-0,30%-34,90
- Max: 11.474,90
- Min: 11.399,10
- Volume: -
- MM 200 : 11.289,95
Within the selective we are seeing great volatility. Repsol has opened with falls of more than 7% and now it yields 4% (oil falls more than 3%). Solaria, Sabadell and Santander also fell strongly (more than 4%). Telefónica drops close to 4%. For their part, IAG and Meliá, which started trading half an hour late due to strong selling pressure, fell 12% and 7.5%, respectively.
All this while the infections of the virus mark a new record in the world, with 800,000 people infected. The different countries continue to take measures in the face of Christmas, the same thing that the Autonomous Communities are doing here in Spain, some of which have announced more restrictions this weekend.
Faced with the situation in Europe, Wall Street remains calm with a mixed sign in futures. Asia has also experienced a mixed session. The good news comes from the other side of the Atlantic, where a new $ 900 billion stimulus plan has been approved, which includes checks for $ 600 for underprivileged citizens. Also in the US, this Monday Tesla starts trading on the S & P500. The company set an all-time high on Friday after trading $ 148 billion in one session. Microsoft trades on average around $ 5bn a day.
For the rest, it should be remembered that the European Medicines Agency (EMA, for its acronym in English) holds an extraordinary meeting this Monday to give the go-ahead to the Pfizer and BioNTech vaccine against Covid.
Politically, the United Kingdom is also the center of attention awaiting what happens with the Brexit negotiations. "There has been no agreement this weekend and now the European Parliament will not be able to ratify the agreement before the New Year. However, this is not necessary as the Council of the EU can provisionally apply the treaty between the UK and the EU. awaiting full ratification early next year. Therefore, it appears that the final decision will not be made this side of Christmas but between Christmas and New Years, "Danske Bank experts explain in their daily report. The pound is down more than 1% to $ 1.3353.
Finally, remember that this week there are only three and a half sessions in the stock markets, since on Thursday they open only half a session on both sides of the Atlantic and on Friday they close for Christmas.
