The week starts in deep red on the European markets. By mid-morning, the Stock Exchange of Milano loses 2,5%, with volatility accentuated by expectations for the outcome of the constitutional referendum and regional elections. Bad too Frankfurt (-2,4%), Paris (-2,1%) And Madrid (-2,8%). Outside the eurozone, London -2,7%.
They certainly weigh on the price lists fears about the second wave of the Covid-19 pandemic, which is likely to soon lead to new lockdowns in Great Britain and France.
Investor attention is also focused on the evolution of relations between the United States and China, after Donald Trump said he approved in principle Oracle's offer for TikTok activities In the USA.
Meanwhile, anticipation is mounting for Congressional testimony from the chairman of the Federal Reserve, Jerome Powell, on the new measures that the US Central Bank will introduce to alleviate the impact of the pandemic. The appointment will start on Tuesday, but will only end on Thursday.
This afternoon, on the other hand, the intervention of the ECB president is on the agenda, Christine Lagarde, to the Franco-German parliamentary assembly.
As for the individual titles of the Ftse Mib - also weighed down by the detachment of coupons of Eni (0,12 euro) e St Microelectronics (0,042) – the only positive performance is that of Diasorin, which goes against the trend at +3,11%.
At the end of the index, on the other hand, there are heavy declines in Cnh Industrial (-6,18% after the resignation of the executive chairman of the US investee Nikola), Leonardo (-6,07%), Unicredit (-4,76%) And Bpm bank (-4,06%).
The rain of sales on the London Stock Exchange also weighs on the banking sector Hsbc (-3,34%) And Standard Chartered (-3,42%): the two stocks dropped to their lowest levels in 22 years after the publication of rumors about their alleged involvement (for over 20 years) in transactions with funds of illicit origin.
Lo BTP-Bund spread travels at 147 basis points, up from last week's close (143).
On the currency front, the euro it holds on to Friday's levels, at $1,1859, up from 1,1863. The single currency is also worth 123,69 yen (from 123,85 on Friday at the close), while the dollar/yen ratio is at 104,31 (from 104,37).
They go down again oil prices, which on Friday closed their best week since June: the contract on WTI for delivery in November dropped by 1,06%, to 40,88 dollars a barrel, while the future on Brent for the same maturity stood at 42,80 dollars (-0,81%).
Finally, their loses 0,2%, to 1947.0035 dollars an ounce.
