The advance of the coronavirus in China and beyond its borders has installed fear in the markets, with an exponential effect this Monday on the stock exchanges and on the price of raw materials such as oil. The panic that the crisis acquires even greater dimensions and that it can cause, among other things, a collapse of large-scale consumption severely punished stock exchanges on Monday, including the Ibex, with a fall of 2.05%.

On a day with the Chinese bags closed for the celebration of the new year, it was the rest of Asian places -the Nikkei yielded 2.03% - and the European ones - London (-2.29%), Frankfurt (-2.74 %), Paris (-2.68%) ...- those that showed the fear that the advance of the Chinese virus is spreading in the markets.

Among the most punished values, those that had something to do with tourism or transport, such as airlines or hotels - IAG left 5.23%, Meliá 5.8% and Amadeus 6.13% - but also steelmakers or those with the highest exposure to raw materials - Repsol (-3.44), Acerinox (-3.56%), ArcelorMittal (-3.69%) ...-. In reality, no value of the selective Spanish managed to save the day in positive.

But it was not something exclusive to the bags. If only a few weeks ago the price of the Brent barrel touched annual highs due to the tension in Iran after the death of General Soleimani, oil made the reverse route yesterday, until trading below 60 dollars, for the first time in three months, for fear of the coronavirus.

“If the outbreak continues for a significant period of time, it will also have negative consequences on China's trading partners, especially in the rest of Asia, Australia and potentially in Europe. The recovery of the global manufacturing industry, which has just begun, now runs the risk of slowing down, ”warns Azad Zangana, economist and senior strategist at Schroders .

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