Two days of peace has had the Ibex. And in the third, the red has returned. What seemed to be a minimally quiet session for the selective Spanish has worsened with the political crisis in Italy and the losses of the Ibex have accelerated just before closing.

The Ibex has ended up giving up 1.32% in another tense day, one more, this August. The Spanish Stock Exchange has fallen even more than the Milan Stock Exchange, the FTSE MIB, which has closed with a 1.11% drop following the resignation of Giuseppe Conte as Prime Minister of Italy.

The announcement of different types of stimulus measures to avoid (or dampen) a possible recession had apparently returned peace of mind to the markets since Friday. The possibility that the European Central Bank (ECB) was even one step further in its debt purchase strategy and shuffled for the first time in history the purchase of shares had had an immediate effect on the European stock exchanges, braking dry the indents of the last two weeks.

Also the stimulus plans that the German Government has on its table to try to avoid a new contraction in the third quarter, which would lead to a technical recession, and that go through stimulating its public spending with an injection of about 50,000 million to Debt costs had been very welcoming by the bags. Until yesterday, Italy arrived.

The interdependence of the Italian and Spanish markets is evident. The Salvini effect also shook the Spanish selective last week and dragged our risk premium. The resignation yesterday in the Senate of Prime Minister Conte and his warning that the maneuver of Mateo Salvini leads the transalpine country to a great political and economic crisis, led to losses to all European exchanges, although to a greater extent to the Spanish.

All with losses

The rest of European exchanges have also closed in 'red', with falls of 1.06% in Milan , 0.95% in London , 0.55% in Frankfurt and 0.5% in Paris .

In the debt market, the Spanish risk premium was around 78 basis points, according to Europa Press with interest going back to 0.109%, while in the currency market the euro was around $ 1,1090 .

The biggest falls

The biggest falls of the Ibex have been presented by Ence (-5.05%), Sabadell (-3.38%), Mediaset (-3.07%), Siemens Gamesa (-2.93%), CaixaBank (-2, 75%), Telefónica (-2.58%), Bankia (-2.58%), Viscofan (-2.33%), Acerinox (-2.3%), ACS (-2.16%), Repsol (-2.06%) and Arcelormittal ( -2.03 %).

On the contrary, the only values ​​that have closed the day with gains have been MásMóvil (+ 1.57%), which ultimately takes a minority stake in the company that owns the Portuguese telecommunications operators Nowo and Oni, currently controlled by KKR, and Acciona , whose titles have advanced 1.1%.

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