European stock markets collapse as a result of tensions in Ukraine

The european bags have opened this Monday with significant decreases in their figures due to the growing tension in Ukraine and inflationary pressures. In the case of the Ibex 35, they are around 3%.

Over the past weekend, both the president Biden as the American national security adviser, Jake SullivanThey warned that it is highly likely that the armed conflict will break out very soon in Ukraine. Some statements that keep the markets on guard and that have caused the imminent fall of the stock markets.

The Ibex falls about 3%

The Ibex 35, the main Spanish selection, opened this Monday with a drop of 2.45%, which has also caused a rise in the price of Brent crude to record highs not seen since 2014, above 83.97 euros.

The Spanish stock market has lost the level of 8,600 points at the opening of the session and it is trading this morning around 8,583.90 integers. With this fall, the national market returns to annual losses of 1.49%.

All the big values ​​of the selective have opened lower. Highlights are the setbacks of Santander, 4.15%; and of BBVA, 3.64%; while Iberdrola 1.86% is left; Inditex1.71%; Telephone, 1.03%; Y Repsol0.32%.

The only values ​​that, at times, manage to escape the cuts within the Ibex are Cellnex Y naturgywhich manages to stop the collapse suffered on Friday after announcing its split into two companies.

European markets also suffer

The rest of the European stock markets also sink more than 3%, except for the british ftsewhich cuts around 2%.

As has happened to the Spanish markets, in the rest of the countries of the region the most penalized sectors by the geopolitical context are travel and banking. The airlines have been forced to cancel multiple flights to Kiev (they have been cut between 4% and 8%): the Dutch KLM has announced that it will stop flying to Ukraine and the German Lufthansa said it is considering suspending flights with the country.

Between the banksthe falls are focused on entities such as Raiffeisen, with 20% of its operating income in Russia, while Banco BPM, Société Générale, Unicredit and Deutsche Bank suffer penalties of up to 8%.

Inside of the Euro Stoxx 50, a stock market index that represents the 50 largest companies in the eurozone in terms of market capitalization, the largest declines are for the banking sector, with depreciations of between 4.5% and 6% for Intesa Sanpaolo, BNP Paribas and ING.


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