The Ibex 35 and the rest of the European stock markets collapse after the Russian attack


MADRID

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The war conflict has also reached the stock markets after the attack launched by Russia in Ukraine. The Ibex 35 collapsed this Thursday at the opening by falling 4.31% after the announcement this morning by the President of RussiaVladimir Putin of the
beginning of an offensive against Ukraine
. At 9:00 a.m., the Spanish index lost 362.70 points, 4.31%, and stands at 8,077.40 points. So far this year, the Spanish Stock Exchange has lost 7.42%. After closing yesterday with a fall of 0.63%, the Madrid selective woke up clinging to the psychological level of 8,000 points, with almost all values ​​in red.

In line with the Spanish, the European Stock Markets registered strong drops at the beginning of the session.

Thus, Frankfurt lost 4.67%, while Paris left 3.88% and London, 3.32%. For their part, the Asian Stock Exchanges closed today with losses and the two main selective stocks of the Moscow Stock Exchange have fallen by around 30% this Thursday. The Moex index, denominated in rubles, has experienced a fall of 36.3%, to stand at 1,965.19 points, compared to 3,084.74 integers at which it had closed on Wednesday. Since its highs in the past year, the index has plunged 54%.

In the early stages of Thursday's session, the biggest drops in the Madrid selective were for IAG (-7%)PharmaMar (7%), Solaria (-6.91%), Caixabank (-6.89%), ArcelorMittal (-6.22%), ACS (-6.04%), Sabadell (-5.97% ) and Aena (5.31%).

The other great selective of the Russian parquet, the RTS, denominated in dollars, has collapsed 41.13% in the first hours of trading, to 708.86 integers. On Wednesday, the selection had closed at 1,204.11 points. Since its highs in the last year, this index has accumulated a drop of 63%.

The drums of war were also heard in the prices of raw materials. The price of Brent crude for delivery in April soared this Thursday morning above 102 dollars, 5% more than the day before and its highest value since July 2014, after Russia launched its offensive on Ukraine . The price of Brent reached 102.48 dollars shortly before 06:00 GMT and remained at 102.16 dollars at 06:30 GMT.

The value of the ruble has continued to decline, as in recent weeks. The euro has strengthened by 6.4%, while the dollar has done so by 6.82%. In this way, the European currency is exchanged in the markets for 97.75 rubles, while the 'green ticket' is traded for 86.68 rubles.

“Stocks down, bonds down and major indices in correction mode. Investor sentiment in an area of ​​fear and upward volatility. According to the movement seen in the European opening, the Ukraine risk was not discounted, ”interprets the spokesman for the multi-asset investment platform eToro in Spain, Javier Molina. “Adjusting the weighting of the portfolios, increasing the 'cash' a little and maintaining the correct risk profile are key at the moment. Inflation will be one of the variables affected in the short term," adds Molina.

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