The Ibex records the second worst fall since the start of the war in Iran
The announcement of the end of the ceasefire by Donald Trump causes a flood of sales on the stock markets and the escalation of the crude oil barrel
BarcelonaAfter a few days of calm and records, turbulence returns to the stock markets. The announcement by the US President, Donald Trump, that the ceasefire with Iran is over has caused an avalanche of sales and declines in all European stock exchanges.
The Ibex-35, the main benchmark in Spain, has fallen more than 500 points, 2.73%, and is close to losing the 19,000 point level. Wednesday's was the worst drop recorded by this index since last March 3, when it lost 4.55% after the outbreak of the war in Iran. Again, doubts are re-emerging in market operations and among investors, who are betting on selling off shares in the face of renewed tensions announced by Trump. At times, the Ibex has exceeded a 3% drop.
And the rest of the stock exchanges in Europe have also experienced a session marked by sales, which are reflected in the Euro Stoxx 50, which groups major European market stocks, which has fallen 2.02%, to 6,204.910 points. On Wall Street, the boards are also turning red. Tuesday's session had begun with slight losses, but once Trump's words regarding increased tension with Iran were pronounced, the declines became more pronounced.
On the Ibex, only significant rises are recorded in Repsol or Enagás and other energy-related stocks, given the new rise in oil prices. Brent crude, the benchmark in Europe, has begun a significant climb of more than 7%, to around $80.76, after days marked by moderation, which had been praised by analysts and investors.
Added to this is that the US Treasury Department has withdrawn the exemption that allowed Iran to sell its oil. Experts fear that the resumption of geopolitical tensions will end up disrupting the moderation of inflation expectations. And this points towards possible new interest rate hikes.
In fact, the uncontrolled general price level is one of the main concerns of analysts. The moderation in oil prices in recent weeks had generated positive expectations from investors, who were leading the purchase of shares. With Trump's announcement about Iran, the trend has completely reversed.
