The calm did not last long. In yesterday's session, 12 May, the European Stock Exchanges had decided to ignore US inflation, which rose more than expected to 4,2% in April and continue on their own, closing the session higher driven by the optimistic estimates by the EU Commission on GDP. But the crash on Wall Street made too much noise to be ignored and the sharp reaction of the Asian stock exchanges (Tokyo closed down by 2,5%, reaching its lowest level in four months) did the rest. Throughout Europe it is deep red, with the main lists of the old continent wondering if the increase in consumer prices could lead central banks to review the monetary stimulus launched to help economies or if it is simply a temporary flare-up that it will not have consequences in the medium to long term.
Mid morning Amsterdam is the worst, with a drop of 2,27%. Business Square it follows close behind, yielding 2,11 and falling below 24 thousand points. Minus sign too Frankfurt (-2%), Paris (-1,89%) And Madrid (-1,75%). Outside the European Union, it does not escape the sales wave either London, which loses 2,24%.
The futures of are also negative Wall Street, with Tesla which in the pre-market dropped 1,85% after Elon Musk's decision to no longer accept bitcoin payments because the cryptocurrency, whose value dropped by 19%, pollutes too much.
In Milan there are only three titles that escape today's sell-off: Pirelli (+1,18%), which records the best performance of the day in the wake of quarterly published yesterday with markets closed, Recordati (+ 0,3%) and Diasorin (+ 0,4%).
Red dominates the rest of the Ftse Mib. Asset management is one of the hardest hit sectors General Bank (-4,28%), Azimuth (-3,59%) And Banca Mediolanum (-3,25%). Industrialists suffer: stellantis (-3,7%), Leonardo (-3,24%). Oil is also bad with Tenaris (-3,56%), Eni (-3,14%) And Saipem (-2,9%). The rally of the banks stops, with Understanding e Unicredit which lost 2,56% and 2,16% respectively.
Waiting for the quarterly. Today, among others, the accounts will be published by: Atlantia, A2a, Azimut, Inwit, Nexi and Prysmian.
All eyes are on the bondBtp auction this morning, in which the Treasury placed 3,7, 30 and 15 year bonds. On the maturity date set for April 2024, 3, the Treasury issued bonds for 4,23 billion euro, receiving a request for 0,06 billion. The overall gross yield remained negative (-100,17%), while the clearing price was set at 15. For the bond maturing on 2028 July 6, requests exceeded 4,5 billion against an offer of 0,304 billion. The yield increases from 0,69% in March to 30% today. Finally, the fourth tranche of the 1,75-year BTP was assigned for 2,269 billion against a total demand of 2,06 billion, with a gross yield of XNUMX%. In the meantime it spread it travels at 113 basis points, up 1,96%.
Turning to commodities, the Petroleum Wti loses 1% to 65,40 dollars a barrel, while Brent loses 2,26% to 67,75 dollars a barrel.
