John Doe

If you want to make your dreams come true, the first thing you have to do is wake up.

Mary Taylor

You can have anything you want if you are willing to give up everything you have.

Black Friday in the markets, Europe burns 232 billion. Milan Heavy at -3.3% – Economy

Posted by

The last session before the elections was very negative for the Milan Stock Exchangethe worst among the major stock markets in Europe, where all the lists fell: The Ftse Mib index closed down 3.3% to 21,066 points, At today’s lows. Among the headlines of Avary Square, Sudden slip by Tenaris (-8.3%) Also on double the bad oil Leonardo (-6%) with Eni and Intesa, both of which sold 4.7%. Try to keep Atlantia, up 0.3%.

Black Friday for European stock markets, overwhelmed by macroeconomic expectations, possible interventions by the European Central Bank and instability in oil prices: The Stoxx 600 Index, which includes the major stocks listed on the Old Continent, The final share sold 2.37%, equivalent to 232 billion euros From capitalization that was burned in one sitting. Piazza Afari alone, with a 3.22% drop in the Ftse All stock index, “lost” more than $19 billion.

The New York Stock Exchange is bad, too. The Dow lost more than 2% and posted a 500-point drop on Wall Street, its lowest since 2020.

The dollar gets strongerwhich traded at 1025 euros and 0.9 pounds, while Crude oil collapses (Wti -3.53% to $80.61 a barrel) on fears of a recession, as revealed by PMIs that are pulling back from estimates in France, Germany and the European Union. A similar analogy is also expected in the USA.

Gold prices are down 1.44%, with spot dropping to $1,648.6 an ounce at its lowest level since August 2020.

The spread between BTPs and German bonds closed the last session before the vote spiked: The differential is over At 230 pips vs. 220 pips starting todayThe treasury production rate was 4.32%. In a day of strong tensions on government bonds across Europe, the Italian bond yield rose by 16 basis points, but it was a special craving session for a product of the same maturity for Great Britain, in parallel with the slide in Italian bonds. The pound, which rose by 33 “basis points” to 3.82%.

READ  Borsa Italiana, suspension of April 28, 2023 hearing

Leave a Reply

Your email address will not be published. Required fields are marked *