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The fear of the negative effects of the coronavirus on the global economy has been imposed in the markets after the brief truce on Wednesday, which has once again caused widespread declines in the stock markets and has accentuated the fall in oil prices.
Fear of a faster-than-expected expansion of the disease, which has already reached 2,788 dead and 78,824 congregated, has prompted investors to abandon equities and seek refuge in assets considered safe, such as gold, the dollar or US and German debt.
The Ibex 35, the selective of the Spanish stock market, today it has fallen 3.55%, the second largest fall of the year, has lost 9,000 points and has fallen back to October levels.
So far this week, the Ibex has lost 9%. If the trend does not change on Friday, the selective is heading to its worst week since August 2011, in the midst of the European sovereign debt crisis.
Outside Spain The French Air France-KLM (-7.17%), the German Lufthansa (-6.05%), the British Easyjet (-4.19%) and the Irish Ryanair (-1.75%) have also closed with losses.
In the european bags the descents were also protagonists, London 3.5%; Frankfurt 3.19%, Paris 3.32%; and Milan 2.66%.
In Asia, the Hong Kong and Shanghai bags they have closed in positive, with increases of 0.13% and 0.21%, respectively, while Tokyo has dropped 2.13% and Seoul, 1.05%. On Wall Street, the Dow Jones falls around 1%, although it has come down more than 3%.
According to Amundi, the expansion of the coronavirus adds risks to the world economy and worsens growth expectations in the first half.
In his opinion, the impact of the disease will be intense in the short term but the situation will stabilize in subsequent months. Amundi believes that the support of central banks and governments will be key to combating any deterioration of the economy.
Bank of America has revised downwards its forecast of growth for the euro area in 2020, which goes from 1% to 0.6%, and in the case of Spain the entity lowers its forecast from 1.6% to 1.4%.
In addition, the US investment bank Goldman Sachs expects that the benefit of US companies included in the S&P 500 index will not grow this year.
Oil prices
Fear of the impact of the disease on the world economy persists in the oil market.
The uneasiness of investors is also still reflected in the public debt markets, with the profitability of the ten-year bonds of the US and Germany in the minimum zone, although above yesterday, El Brent, the reference crude in Europe , now drops by almost 2% and quotes at $ 52.3 per barrel, the lowest price since December 2018, and Texas, a benchmark in the US, falls more than 2.5%, to $ 47.7 per barrel.
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