The Ibex increases the increases at these hours (+ 0.8%. 9,446 points) thanks to the rebound of Telefonica, which rises 3% after falling 6% in the last four sessions. The rest of Europe is also quoted in green, trying to recover after the last session of the health crisis in China. The increase in cases of coronavirus (there are already more than 100 dead and more than 4,500 infected) still weighing. Beyond the terrible personal tragedy, in the economic field the impact is already noticeable. Nevertheless, experts trust it to be short term and in what things recover in a couple of months thanks, mainly, to how quickly the authorities are acting.
"We believe it is better to wait for the increase in the number of cases to slow down before being positive about the markets again. We know that there is an incubation period of 14 days and that the virus can be transmitted when the subject shows no symptoms. We could be on the cusp of a plateau or before a massive escalation in the number of cases, "warn the experts from the London Capital Group.
Airlines are falling hard due to the health crisis in China. To the declines seen in Europe in the last days we must add the crashes in Asian companies. Korean Air Lines has sunk 7% on Tuesday. The Australian Qantas Airways has fallen 5%.
Here in Spain, the news is the results of Bankia. The bank has announced a 23% decrease in profit in 2019 due to the "very important" effort in provisions, as stated by the entity itself. Bankia is not doing well in the stock market at this start of the year (this Tuesday has come down for a good part of the morning to turn around). Today, at the press conference, José Ignacio Goirigolzarri He noted that there is no merger on the table.
In another order of things, Brexit once again plays a leading role in the week in which the deadline (January 31) is met for the United Kingdom to leave the EU. It will then start a transition period in which both parties they will work on the ambitious – and for some impossible – goal of agreeing a new free trade agreement before the end of the year
EU chief Brexit negotiator Michel Barnier warned the United Kingdom on Monday that the "never, never, never" block will compromise the integrity of its single market and accused Britain of underestimating the cost of departure.
As for other corporate news, we are still talking about the march of Jordi Sevilla of REE for its differences with the Government of Pedro Sánchez. The spokeswoman, María Jesús Montero, has said that there is still no substitute for Seville.
In the macro plane, unemployment in Spain falls by 112,400 people in 2019, its lowest decline since 2013, and 402,300 jobs are created
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