Stock markets plummet due to the increase in infections and the appearance of new variants of Covid

The coronavirus is making markets reel again.

The increase in infections and the appearance of new variants are behind the general

with which the large European stock markets have opened, breaking the truce of the day before and following in the wake of the collapse in the Asian session.

The Cac 40 of Paris loses 3.7%; the Dax in Frankfurt, 3.4% and the Ftse Mib in Milan, 3.5%. In Spain, the

in the first bars of the session and tries to hold on to 8,500 points despite the fact that almost all its values ​​are in the red. Only

and

remain green despite the fact that the tourism sector is being one of the hardest hit at the end of the week.

Meliá and Aena

plummet by more than 8%, although both are surpassed by the 11% collapse of Bankinter.

The banking sector in general is one of the hardest hit by this new stock market shock, with

losing almost 6%;

, 5.6% and

and

around -4.7%.

The appearance of new variants of Covid-19 is behind the fear of investors this morning, who fear that vaccines will lose effectiveness and that governments will re-establish restrictions that slow the pace of the economic recovery underway.

"The appearance of the new variant comes just when in some European countries they have imposed new confinements, as is the case in Austria, although the triggering of infections in Germany has caused the German government to consider imposing restrictions. In this way, the forecasts of growth could stagnate along with inflation that continues to rise, putting added pressure on central banks, "explains Diego Morín, analyst at

titles

also dropped more than 6.5% in line with the drop in oil.

A barrel of Brent, the benchmark in Europe, is at a price of 78 dollars after falling 4.5%, while Texas is placed at 74 dollars, after falling 5%.

Lastly, the price of the euro against the dollar stood at 1.1241

, while the Spanish risk premium stood at 74 basis points, with the interest required on the ten-year bond at 0.446%.

According to the criteria of The Trust Project

Know more

• economy

• Coronavirus

Industry Industrial production in the Eurozone grows at the slowest rate since the lockdown

CommerceSpain has lost 7,000 exporting companies due to the pandemic

BankruptciesThe self-employed lead the increase in insolvencies in 2021, growing by 263%

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