The falls return to the stock exchanges due to doubts about the vaccine for the omicron variant

Monday’s truce did not last long. Doubts about the current vaccines against the new variant of covid omicron lead to falls again to the markets. The Ibex 35 has started Tuesday’s session with a fall of 1.3%, losing 8,400 points, after the CEO of Moderna, Stéphane Bancel, acknowledged that the effectiveness of current injectables with omicron may be at a lower level than the delta variant.

“We have to wait for the data. However, all the scientists I have spoken to are of the opinion that ‘this is not going to be good’,” he said in an interview with the Financial Times.

This has helped investors to bet on the sell-off. Just Red Eléctrica and Iberdrola were gaining ground. Inditex shares fell the most, after announcing the departure of Pablo Isla from the presidency, being relieved by Marta Ortega. The shares fell 4.55%.

In any case, tourism stocks are not the worst hit. After Inditex, the falls of ArcelorMittal, with 3%, and Grifols (-2.2%) stand out. Banks are trading in the red, with declines ranging from 1.8% for CaixaBank to -0.9% for Sabadell.

Elsewhere, Frankfurt fell 1.2%, Paris 1.4%, and Milan 1.3%. In the Asian closes, Tokyo fell 1.6% and Hong Kong 1.7%.

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