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European stock markets in the red: the new collapse in Shanghai weighs

The slide in Chinese price lists also triggers sales in Europe – In Piazza Affari the worst blue chip is Buzzi (-4%), overwhelmed by the landslide of the ruble – The probable slowdown in orders weighs on the big names in the industry: Finmeccanica -2,5 %, Fiat Chrysler -1% – Oil prices are down after yet another drop in crude oil – Luxury is still bad.

European stock markets in the red: the new collapse in Shanghai weighs

Piazza Affari falls together with the other European Stock Exchanges in the wake of the collapse of the emerging markets. In the middle of the day the index Ftse Eb it slowed down by around 1,2%, after breaking the support at 22.900 points, the lowest since the hottest moment of the Greek crisis. Losses around the percentage point per Frankfurt e Paris, London retreats by 0,6%. The spread Btp/Bund goes up 120 basis points. The 1,79-year yield is XNUMX%.

Weighs the new landslide of Shanghai (-3,4%) as well as the forecast of a decreasing Wall Street opening. Meanwhile, yesterday evening the Brazilian Stock Exchange (Bovespa -1,8%) reached its lowest level since the end of 2014. In Europe, Istanbul lost 1,7% and reached levels not seen for almost a year. The lira devalues ​​against the dollar for the sixth consecutive day, to 2,97.

Il Petroleum WTI lost 4,3% tonight and traded at $41 a barrel this morning, the lowest since March 2009. Brent, trading at $46,9 a barrel, closed down 3,4%. 

The fall in the price of oil is having serious repercussions on the economies of oil-producing countries such as Kazakhstan, the third largest exporter in Central Asia. The country's currency, the Tenge, is collapsing (-27% against the dollar) after the Astana government decided to renounce the fixed exchange rate. The Astana Stock Exchange instead soars +10%.

Confirming the general uncertainty, thegold, up for the fourth consecutive day to 1.137 dollars an ounce.

In Piazza Affari the worst blue chip is Buzzi (-4%), overwhelmed by the landslide of the ruble. Heavy too Atlantia (-2,4%) And Rest (-2,3%). All stocks in the Ftse Mib basket are in negative territory. 

Oil prices are down: Eni loses 1,2%. Saipem -1,1% and Tenaris -1,6%. It's no better for the utilities: Enel -1,4% Snam -1%.

The crisis continues to rage in the luxury sector: Yoox -2% Luxottica -1,5% Tod’s-1% Ferragamo -1,5%.

The probable slowdown in orders weighs on the big names in the industry: Finmeccanica -2,5% Fiat Chrysler -1%Prysmian -1,6% StM -1,5%.

Banks are also down: Understanding -1,2% Unicredit -0,8% Where's Banca  -1,3%.

Prelios it corrected by 4%, after the +28% achieved in the two previous sessions.

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