Piazza Affari fell along with other European stock markets in the wake of the collapse of emerging markets. At midday, the index Ftse Eb slowed by around 1,2%, after breaking the support at 22.900 points, the lowest since the height of the Greek crisis. Losses around 1 percentage point for Frankfurt e Paris, London falls by 0,6%. spread BTP/Bund rises 120 basis points. The 10-year yield is 1,79%.
The new landslide weighs Shanghai (-3,4%), as well as Wall Street's forecast of a lower opening. Meanwhile, last night, the Brazilian stock market (Bovespa -1,8%) hit its lowest level since the end of 2014. In Europe, Istanbul lost 1,7%, reaching levels not seen in almost a year. The lira depreciated against the dollar for the sixth consecutive day, to 2,97.
Il Petroleum WTI lost 4,3% overnight and is trading at $41 a barrel this morning, its lowest level since March 2009. Brent, trading at $46,9 a barrel, closed down 3,4%.
The fall in oil prices is having serious repercussions on the economies of oil-producing countries such as Kazakhstan, Central Asia's third-largest exporter. The country's currency, the tenge, is plummeting (-27% against the dollar) after the Astana government decided to abandon the fixed exchange rate. The Astana stock exchange, however, is up 10%.
Confirming the general uncertainty, the , rising for the fourth consecutive day to $1.137 an ounce.
At Piazza Affari the worst blue chip is Buzzi (-4%), hit by the ruble's landslide. Also heavy 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%. Utilities are no better off: 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 industry's big players: Finmeccanica -2,5% Fiat Chrysler -1%Prysmian -1,6% StM -1,5%.
Banks also down: Understanding -1,2% Unicredit -0,8% Where's Banca -1,3%.
Prelios corrects by 4%, after the +28% achieved in the two previous sessions.
