Le European stock exchanges close in sharp decline, worried about the war in Iran and the escalation that is affecting the entire Middle EastAnd then there are the economic effects. Investors' eyes are focused above all on Petroleum after the closure of the Strait of Hormuz with Brent near 80 dollars. The price of gasIn Amsterdam, the TTF index rose by 40% to just under 45 euros per megawatt hour. The announcement of QatarEnergy, which has decided to halt production following damage caused by Iranian drones to a plant. Precious metals are also rising sharply: thespot gold rises to 5.294,99 euros per ounce, thesilver advances and settles around 95 dollars.
In this context, the mood on European stock markets is dire, but not gloomy. Madrid, Frankfurt, Paris and Milan they mark decreases of around 2%, Amsterdam and London they lose about one percentage point. Bad also Wall Street, even if the price lists limit the damage compared to the pre-market.
Coming back to Milan, the worst title is Stellantis, Bank sales at breakneck speed: Bper, MPS, Mediobanca, Pop Sondrio, and Intesa Sanpaolo Banco Bpm and Unicredit both lost more than 3%. Luxury was bad with Cucinelli and Moncler. The defense runs, with Leonardo and Fincantieri, also on the rise Eni, Italgas and Tenaris.
On the currency market, the dollar benefits from rising risk aversion as the euro falls to 1,1677. On the secondary market, the spread between BTPs and Bunds is up 66 points (+1,44%), with the yield on the benchmark Italian 10-year bond at 3,36%. record for the BTP Value: orders exceeded 6 billion euros already on the first day of placement, with over 175 contracts subscribed.
