🚨Iberian Blackout Impacts European Markets

An unexpected massive blackout struck Spain and Portugal, affecting European markets. Although trading continued, morning gains were diminished. The energy sector was the hardest hit, with notable declines in Redeia and Solaria following the collapse of electricity consumption.

In addition to the market impact, the outage caused chaos in transportation and communications, with trains and flights interrupted. Aena also experienced losses. However, Telefónica and Talgo showed resilience. This event underscores the vulnerability of electrical infrastructure and its influence on markets, highlighting the importance of diversification in investments.