The Ibex-35 falls pending tensions between the US and China over Taiwan

The Ibex-35 falls pending tensions between the US and China over Taiwan

The main Spanish stock index opened on Tuesday with a slight cut and was at risk of losing 8,000 points, in an atmosphere of concern about the possible visit to Taiwan by the president of the House of Representatives of the United States. United, Nancy Pelosi.

World markets are on edge waiting to confirm if Pelosi arrives in Taipei, which would be a significant move against which China has repeatedly warned.

“The possible landing in Taipei on Tuesday night would be the first high-level meeting in 25 years, and it would be one more step in the escalation of tension between the United States and China,” the house said in its daily analysis note. Income securities 4.

This increase in tensions between the United States and China took its toll on Asian stocks on Tuesday, and at a global level it added to the fear of a recession.

In a day of scarce economic data, the trickle of business results continued, in a context of pessimism aggravated by the data published on Monday, which have highlighted the difficulties that factories in the United States, Europe and Asia had in July to face lower global demand and COVID lockdowns in China.

The JOLTS survey on job openings in the United States will be released on Tuesday, which will serve as a prelude to the July job creation report that will be released on Friday.

In this context, at 07:05 GMT on Tuesday, the selective Spanish stock market Ibex-35 fell 17.00 points, 0.21%, to 8,068.10 points, while the index of large European securities FTSE Eurofirst 300 fell 0.35%.

The wind turbine company Siemens Gamesa fell 0.03% after publishing results and announcing that it is lowering its profitability forecast even more. The price, however, is also influenced by the upcoming takeover bid for its parent company Siemens Energy.

In the banking sector, Santander lost 0.27%, BBVA scored 0.38%, Caixabank advanced 0.48%, Sabadell gained 1.13%, and Bankinter dropped 0.25%.

Among the large non-financial values, Telefónica scored 0.09%, Inditex gave up 0.38%, Iberdrola left 0.67%, Cellnex fell 0.48% and the oil company Repsol rose 0.46% .

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