Nerves return to seize the markets. The collapse yesterday of Wall Street and the Asian stock markets this morning threatens to infect Europe. He Dow Jones closed the session with a fall of 3.15%, the Nasdaq, where a large number of technology companies are listed, fell 4.08%, while the index Nikkei of Tokyo It left 3.89% and the Shanghai Stock Exchange of China lost more than 5%. Today the main European places are also listed in red. The cause? Only statements from the president of the United States, Donald Trump, have been needed to light the fuse.
Trump said on Wednesday that the Federal Reserve (Fed) «has gone crazy» just one day after criticizing it and claiming that the agency is raising interest rates very quickly. At the time, wanted to downplay the liquidation on Wall Street and said it is a correction expected for some time. "It's really a correction that we've been waiting for a long time, but really I do not agree with what the Fed is doing", Said Trump during a press conference before a rally in the state of Pennsylvania.
«I think the Fed has gone crazy»he insisted. The US Federal Reserve raised interest rates in September and left intact its plans to tighten monetary policy steadily, as it predicted that the US economy would enjoy at least three more years of economic growth.
The reaction of the markets has been blunt and the fear of Wall Street came to panic to Asian markets. The index Hang Seng it sank at the close of the first session by 3.8%, falling below the 26,000 points and reaching the lowest level since May 2017. The closing of the half session left sharp declines in the country's parks: the Shanghai lost 4.3%, its lowest level in four years, and that of Shenzhen it lost 5.5%, its worst result since October 2014.
Now Europe starts the day also dyed red. The madrileño selective IBEX 35 the session began below the psychological level of the entire 9,000, with all the values in negative, in a day in which pessimism is installed again.
The rest of European stock exchanges opened in line with the selective Madrid, with decreases of 1.3% for Frankfurt, of 1.6% for Paris, of 1.3% for London and 1.4% for Milan. Likewise, the Spanish risk premium stood at 109 basis points, with the interest charged on the 10-year bond at 1.6%.