The Ibex falls from 8,700 points after the fall of 3% of the banks and Argentina

The European stocks have leant towards the red today after a rise upwards with the Ibex as one of the worst selectives of the continent. The Spanish market has closed in red for the third time in a row (-0.93%) and has lost the 8,700 points due to the banking sector. Five of these six entities have fallen over 3% this Monday after the cut from Credit Suisse. Furthermore, the doubts surrounding Argentinian politics (Macri has suffered a hit after being defeated in the primaries), has also made the markets nervous. Meanwhile the stocks and the price of the Ibex fall.