The Madrid bag notes the first consequences of the tariff earthquake caused by Trump. This Black Friday, the IBEX 35 has fallen practically 6%, in its worst results from the coronavirus pandemic. But, what really stands out among the important falls, It is the monumental collapse of the five great Spanish banks.
As published, Spanish commercial banks have fallen “For fear of a decrease in types to try to cushion a possible recession”. In this sense, the greatest has suffered by the bank Santanderwhich has fallen more than 8%; while BBVAand 9%; CaixaBank more than 10%, Sabadell almost 11% and Bankinter and 9%.
In statements collected by the environment, the Minister of Economy, Carlos bodyhe pointed to a possible recession. “I believe that this clearly reflects that we are in a more fragmented and more impoverished world due to the measures that the American administration has put on the table. That is reality and, therefore, we have to work to reverse these measures and reach a negotiated solution,” he said.
The main European markets have also been cleared by the same financial cliff. In this way, the German Dax has fallen 5%, the British index another 5%, the French CAC, more than 4%, the Milan Stock Exchange, 6.5%. For its part, in Asia, the Chinese Stock Exchange has not opened today, but The Japanese Nikkei has not fought from the bleeding and has lost almost 3%.
In the United States, Wall Street has fallen this black Friday more than 4%. Volatility has shot up to 43 % in the New York Bag, which has registered its worst stock market since 2020-then marked by the Covid-19 pandemic-, overcoming the already bulky losses of the eve.
According to data at 15:40 hours ET (7:40 p.m. S&P 500 has lost 4.7 %, the Nasdaq 4.4 % and Dow Jones of industrialists 4.4 %.
