The Ibex-35 fell more than 3% in the first few minutes of the session. Milan heads the losses from the rest of European exchanges with a 4% in red. The Spanish stock market closed the previous day with a nearly 5% drop. The main indicator of the Spanish stock market, the Ibex-35, plummeted to the 3.27% and fell whole 8.045,40 points barely an hour after the start of the session, weighed down again by the fear of recession that leaves no markets and that in the previous day made him give up almost 5%, the second largest crop yearin what already has been considered a black day for the world stock markets. The stock market Wall Street giant also suffered a day of big losses on Thursday and closed with a 3.68% fall that lost dimension of 11,000 points. Everything seem to be bad news for the markets. Bank Morgan Stanley lowers its growth prospects for the global economy and fears a possible economic recession in Europe and United States shakes investors. By other side, the announcement of the creation of the Tobin tax proposed by the European Commission for some of the financial operations carried out in the countries of the European Union seems to have not pleased the markets, especially to investors who kept their capital at banking values, even though they have already announced that the rate will be low but it afteracquired many operations.

European stock markets, in red in this way, according to data from 0950 hours, the selective rrencia in the market stock Spanish left is 272 points, 3.27% and fell to the 8.045,40 integers, so that annual losses were already at 18.40%. Frankfurt lost 4%, Paris a 3.99% and 3% towards London after one hour of trading. Again the European banking sector is one of the hardest in bag for the consequences that might have on its solvency of the eurozone debt crisis. Source of the news: the European exchanges opened with heavy losses after Black Thursday of the day previous.