• Crashes Panic sets in in the markets: what are stock markets and investors afraid of?

The European stock markets have tried to catch their breath this Tuesday after the Monday of panic that knocked down the main indices in the region, but the attempt has been frustrated and after a positive start to the session, they have turned around and ended in red, following the negative wake of Wall Street.

The meeting of the

US Federal Reserve

scheduled for tomorrow has accentuated fears that a rate hike to control inflation will end up causing a slowdown in the economy and

pessimism

has settled among investors.

Wall Street

offered a worrying example of this on Monday with falls that affected all its indices and this Tuesday it extended the declines at the European close to 0.4% in the case of the Dow Jones, 1.6% in the Nasdaq and the 0.1% in the S&P 500, which has entered

bear market

territory .

These setbacks have also weighed down the day in Europe.

The

Ibex 35

has ended with a drop of 1.43% that has placed it at 8,066 points, on the verge of losing the psychological barrier of 8,000;

the Frankfurt Dax has dropped 0.91%;

the Ftse Mib of Milan, 0.3% and the Cac 40 of Paris, 1.2%.

Globally, investors show "a lack of confidence" in companies, "knowing that earnings warnings are still few in number despite much weaker growth, even recession, being forecast in the coming months," Edward Moya said. , from Oanda, in statements collected by Afp.

In Spain, the biggest increases have been carried out by CaixaBank (+1.48%) and Cie Automotive (+1.04%), while on the opposite side PharmaMar (-10%) and Cellnex Telecom (-7 .1%) and Solaria (-6.08%).

But the bags are not the only source of tension that the markets are experiencing these days.

European

sovereign debt

has also rebounded after the meeting of the European Central Bank (ECB) last week and the pressure has once again raised the specter of risk premiums in European countries.

The Spanish indicator remains around 135 basis points, with a 10-year bond yield of 2.95%, compared to 1.61% for the German

bund

, which is taken as a reference.

That level almost doubles what the premium marked at the beginning of the year.

Along with traditional assets, the other focus for investors is

cryptocurrencies

.

Bitcoin

deepens

its falls for another day and has dragged the rest of the virtual currencies with it.

The price of the most popular of digital currencies has sunk more than 2% this Tuesday and is below 23,000 dollars;

In the case of

Ethereum

, the fall exceeded 3%, but at the close of the markets in Europe it had turned around and managed to advance more than 1%, to $1,220.

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