Nightmare departure for the European stock exchanges. The price lists start the session in deep red, taking in the repercussions generated by the thud of the Chinese price lists, but in the following minutes they try to recover. At the start, the Ftse Mib index showed a drop of 3,62% and the other main European markets also suffered drops of more than three percentage points. A little less than an hour after the start of trading, however, Milano loses 2,5%, while Frankfurt yields 2,7%, Paris e London the 2,4%.
Meanwhile, the Chinese Stock Exchange - after losing 12% last week due to worries about the slowdown in the economy - closed the last session leaving 8,5% on the ground. The composite index of Shanghai it closed down 8,49% at 3.209,91 points, after falling as much as 9% during the session. The Stock Exchange session Shenzhen instead it ended with a drop of 7,70% to 1.882,46 points.
Australian stocks finished down 4,09% with mining stocks under pressure and plunged higher than 10%. Tokyo it leaves more than 4,50% on the ground with bank stocks among the most penalized with declines of 8% over periods. The Jakarta price list also slipped by more than 4%. Among the worst was the Manila stock exchange, which closed with a crash of 7,20%, while the Kuala Lampur and Seoul lists limited the damage, closing with falls of just over 2%.
The collapse of oil also weighs on the price lists: the Brent (-2%) slipped below $45, the wtf below 40. The Bloomberg commodity index is at its lowest since 1999.
Lo BTP-Bund spread it climbs back to 132 basis points.
On the Ftse Mib the worst stocks are those of Mediolanum (-7,17%), Tenaris (-5,80%), Fiat Chrysler (-4,53%), Salvatore Ferragamo ( -4,29%) and Azimuth (-4,13%). Bad too Telecom (-3,5%).
