The worsening of the macro data published in recent days and the growing fears of a greater economic recession than expected continues to hit the stock markets on one side of the world. The US-China trade war, Brexit, macro data and the possibility of a new trade conflict between Washington and the EU has fueled sales on Wednesday, especially hitting European markets.
From Spain, where the Ibex 35 has collapsed 2.77%, to London or Paris, where the Ftse 100 and Cac 40 have left more than 3%. In Germany and Italy, the Dax and the Ftse Mib have also sunk more than 2.7%, thus completing a lazy day for equities in the region.
In the United States, Wall Street has not started the session with good prospects either. Both the Dow Jones and the S&P 500 and the Nasdaq are left more than 1.5% in the first hours of trading, thus prolonging the negative wake of the day before.
The trigger for the strong sales has been the data of the PMI (indicator of the evolution of the manufacturing industry) both in Europe and in the United States, which already punished the indices on Tuesday because they were far below the forecasts of the analysts, which seems to point out that the global economy enters a period of vulnerability.
In Spain, the Ibex has lost the level of 9,000 points (8,912) after registering its biggest drop in two years . Only two values, MásMóvil (+ 0.18%) and Acciona (+ 0.16%) have saved the green, against losses recorded by Arcelor (-5.87%), Amadeus (-4.3%), Santander (-4.29%) and ACS (-4.2%).
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