• Bolsa.Ibex turns around and Bankia falls 4% after the pre-agreement

The Ibex 35 continues to collect on Wednesday the suspicions of investors towards the government pact announced yesterday by Pedro Sánchez and Pablo Iglesias after the November 10 elections. If yesterday closed with a decrease of 0.87%, today fits a fall of more than 1% during the first hours of trading, with the banking sector commanding the decline.

For the second day in a row, Bankia is also being the most punished value, with a collapse that approaches 5% after a 4.5% drop yesterday. The State owns just over 60% of the entity and has pending its privatization process, however, the markets interpret that the presence of United We in the future Executive could change the plans, given its commitment to a bank public

However, Bankia is not the only bank that suffers investors' doubts today after the agreement. Bankinter (-4.34%), Sabadell (-4.08%), Santander (-3.12%), BBVA (-2.61%) and CaixaBank (-2.08%) also remain in negative territory since the opening, probably influenced by some of the measures that both parties included in their electoral programs and that directly affect the financial sector.

Among other things, the training led by Pablo Iglesias wants to establish a bank tax, while the PSOE has been promoting a tax on financial transactions for the purchase of shares of large Spanish companies for months.

However, the bleeding in the stock market is not limited to entities. Virtually all index values ​​are in red, with the exception of Red Eléctrica (+ 0.06%), Amadeus (+ 0.31%), Cellnex (+ 0.41%) and Grifols (+ 1.22%) .

Nor does the Continuous Market escape escapes today, which are especially bulky in the case of Dia (-36%), Almirall (-10%) or Berkeley (-7.68%), whose ill-fated project to build a uranium mine in the open sky in Retortillo (Salamanca) moves further away with a Government of PSOE and PP.

Regarding the debt, the Spanish risk premium - like the Ibex - continues to reflect investors' doubts. The indicator is this morning above 70 basis points, with the yield of ten-year sovereign bonds at 0.41%, compared to -0.29% of the German bund that is taken as a reference.

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