After opening in negative, the selective Frankfurt had achieved some gains in the early stages of negotiation but losses were imposed again in less than an hour for 10th consecutive day. The fall intensified in shortly on the Frankfurt Stock Exchange, where the 30 companies that make up the DAX 30 lost around 25% of its value in these ten negotiations, a quarter. All values in the DAX 30, which brings together the largest German companies, fell with force. Asian markets fell but in a more moderate manner: the have Seng in Hong Kong closed 5.66% drop, the Nikkei in Tokyo closed with a decline of 1.68% and the general index of the Shanghai Stock Exchange is not infected falls in other Asian markets and concluded in tables (- 0.03%). The cause: panic to the recession the Spanish market recorded a first hour of negotiating very positive, with a bullish opening on nearly a half point and subsequent increases of nearly 2%, since investors bought enthusiastically encouraged by low prices resulting from the K2 that has stuck the Spanish stock market in recent days. However, the joy lasted little and barely an hour after opening, the main Spanish indicator changed sign and surrendered to the new wave of panic that crosses the markets by the possibility that EE UU come again into recession once the Agency S & P downgraded him his debt to AA rating +. For the director of Atlas Capital, Felix Lopez, fear of investors is noticeable especially in that in recent days not only is suffering the quotation of the financial sector but are falling industrial values such as the automobile, and when that happens the explanation is simple: the recession panic. For this expert, in these moments should be calm and return to the fundamentals of the companies, many of which are at really attractive prices which had launched on the market many investors in other circumstances.
Black Monday the IBEX 35 lost the last day the 2.44%, affected by the fall on Wall Street, as a reaction to the lowering of the credit rating of EE UU, which annulled the beneficial cto caused by the decision of the European Central Bank (ECB) of buy Spanish and Italian debt. Further meetings on the agenda of Tuesday highlighted the meeting of the Federal Reserve of United States at a critical moment for the country, after the impressive reduction of its debt by Standard & Poor s rating, which triggered panic on international markets about the possibility of a new recession at the first world economy. In addition, Washington will be published the second quarter productivity and labor cost data and European investors will know Germany’s June trade balance and the balance of trade and industrial production in the United Kingdom, also in June. Source of the news: fear is installed again on European stock markets and the FTSE recorded heavy losses