The historic downgrade of US debt by S&P is weighing heavily on Wall Street and the Nasdaq. The S&P 500, which is the most representative index of the Amwerican Stock Exchange, opened with a loss of 1,8% then slightly corrected, while the Nasdaq 100 which started trading losing more than 2% is experiencing a decline of 1,8 .3%. But if Athens cries, Sparta doesn't laugh: in the early hours of the afternoon, Europe is all in the red: the drop in the German Stock Exchange (Dax), which loses more than 0,5%, is particularly striking. Unfortunately also Piazza Affari, after a sharp growth in the morning, reversed course: all the indices are negative. The FtseMib loses about XNUMX%. Major stocks such as Fiat, Fiat Industrial, Pirelli, Impregilo were temporarily suspended due to excessive downtrend.
Only the Btp-Bund spread was positively affected by the ECB's decision to intervene on the market by purchasing Italian and Spanish government bonds: our spread, which had opened the day at 366, settled below 300.
Gold skyrocketed, reaching a record 1.709 dollars an ounce at the start, only to fall back slightly in the afternoon.
According to analysts, the market is sending out a clear signal: it believes more in the judgments of Standard & Poor's than in the reassurances of international institutions.
