The Ibex plummets 3.58% at midday,

reaching its lowest level since May (below 6,700 points), in a day of strong sales throughout Europe, where investors fear the economic impact that a second wave may have of confinements before the advance of the coronavirus.

Specifically, at 12.00

the indicator left 244.90 points, 3.58%, to 6,685.80 integers.

Annual losses amount to 29.99%.

The trend

is shared in Europe

, where the main markets are also trading sharply down.

Milan falls 3.05%, London, 3%;

Frankfurt, 2.91%, and Paris, 2.90%.

Aitor Méndez from IG

explains that "investors still have a

very fresh memory of the havoc caused by the

movement limitations imposed last spring

on the economy

, and the degree of nervousness in the market now increases exponentially as some of the big capitals Europeans, such as Paris, London and Madrid, reintroduce more restrictive measures ".

In this context, the sectors most affected this year, which have been

banking and, above all, tourism, once again stand out among the losses in the Spanish market.

The

trading

platform

,

eToro

, analyzes that the Spanish stock market is in "a kind of perfect storm, where the lack of interest in the national market, having very punished dominant sectors that have

poor expectations of short-term recovery

and a generalized negative momentum, levels have moved to a key zone very close to the relevant supports ".

In the part of the park that is related to the tourism sector, IAG collapsed by 14.94%;

Melia Hoteles, 7.05%;

Aena, 6.63%, and Amadeus, 5.95%.

Banks are also suffering today, in a day in which HSBC and other banks have been known to allow millions of dollars to be transferred fraudulently for almost two decades.

Thus, Sabadell falls 7.24%;

BBVA, 6.40%;

Santander, 6.30%;

CaixaBank, 5.05%;

Bankia, 5.45%, and Bankinter, 4.34%.

The rest of the large stocks of the IBEX 35, Telefónica left 3.80%;

Repsol, 3.29%;

Inditex, 2.78%, and Iberdrola, 0.86%.

The manufacturer of meat casings, Viscofan, is the only value of the Ibex 35 that trades with gains, rising 0.44%.

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