The Ibex approaches annual minimums
Hard reverse to the Spanish selective that loses definitively the 9,000 points dragged by the preoccupations of the investors of which the truce in the commercial war between the USA and China is not going to take place.
The arrest of the Huawai CFO in Canada by order of the US, accusing the Chinese company of skipping the restrictions in the purchase of oil from Iran could have been one of the triggers of this fall, as it worsens diplomatic relations between both countries. , the expectations of approach.
The Ibex 35 accumulates the two worst consecutive sessions since March and erases all the gains accumulated in the face of good expectations after the G20 meeting. In addition, investors are still waiting for a vote in the British parliament on the agreement between the European Union and Theresa May on the 11th, while negotiations to lower the deficit target between Italy and Brussels remain stalled.
The values most affected by the commercial war, together with the banks, were the ones that suffered the most in a day that brought the selective Spanish closer to its annual minimums. At the moment there are too many events that weigh negatively on the markets. Oil also fell in the absence of a firm agreement to reduce production between OPEC and its partners.