The second day of strong losses after the “Trump tariff”

A new day of Strong is located in bags around the world after announcing the huge customs tariffs that the President of the United States, Donald Trump, exceeded the worst expectations. After the worst day in Wall Street from the Koronavirus virus and generalized fall in Asia, the punishment will continue at this time in European stock markets. Away from correcting the losses they were exposed to in the last session, investors continue to sell their shares and he Ibex 35 3.27 % remain strong In the early stages on Friday, until they return to 12759 points.

Although the losses extend Reguero throughout the selective Spanish, Financial Sector – IBEX 35 – is the most affected. Although they are not directly affected by “definitions”, investors fear the strong side effect on the great Spanish banks due to These rates raise the chances of economic recession In the end, the European Central Bank (ECB) can force this low growth with a more expansionist economic policy, that is, with, with Low interest rates from expectedWhich directly affects the margins of the bank’s interests.

This cocktail has collided with the actions of the great Spanish banks, which exacerbates its millionaire losses in the gardens. Sabadil Bank (-8,42 %) y Bbva (-7.1 %) head the red numbers list. Both entities continue in the spotlight to test the new market by the National Markets and Competition Committee (CNMC) to evaluate the BBVA offer and analyze whether the obligations made are sufficient to ensure competition. In this sense, IG analysts consider that this position adds uncertainty to the behavior of both banks. The rest of the banks take the values ​​that left worse with the deep fall in Caixabank (-6,97 %), Santander Bank (-6.09 %), Bankinter (-6,63 %) y UNICA (-6,41 %).

However, the rest of the sectors do not pass without anyone noticing in this trade war that could be “The last nail in the coffin of the European steel industry”They warn against the European employer. In this context, Spanish leading companies in this sector suffer from 25 % of fees to steel and aluminum in the United States with 5.61 % decrease in the case Arceelormttal And 4.38 % l Acerinox.

News of expansion …