Black Friday for the European stock exchanges landed by yet another Chinese debacle and by oil sinking below 30 dollars a barrel. Wti lost 5,32% to finish at 29,54 dollars a barrel and Brent 4,44% at 29,51 dollars. The dynamics of sales on black gold can also be explained by the approaching end of international sanctions on Iran expected for the weekend and which will lead to an increase in the country's exports. And that is already part of a situation of increased supply.
Raw materials (copper has once again updated its lows for six and a half years) and energy are affected on the stock exchanges. London loses 1,93%, Frankfurt 2,54% and Paris 2,38%. The Eurostoxx50 index lost 2,8% The sales on Realualt continue, affecting the sector in Europe. FCA fails the rebound triggered by good data on registrations in Europe and closes down by 2,78%. However, it is slightly better than the main index: the Ftse Mib loses 3,07%, and is the worst among the main European markets. In just two weeks, the main index of Piazza Affari fell by 10,4%, almost canceling out the entire performance of 2015 (+13,6%). The Btp-bund spread rises to 109 points and a yield of 1,56%. Purchases on the US 2-year bond even reached yields below 1,09%. The euro recovered 1,0945 and is traded at 1,0878 (1,8 last night). Gold jumped 1093% to XNUMX dollars an ounce.
Wall Street was also hurting despite the higher-than-expected data from Michigan in January, which reached 93,3 points. The preliminary figure beats analysts' estimates by 92,2 points and is up on December's 92,6 points. However, the Empire index, which measures manufacturing activity in the state of New York, recorded a significant drop, falling in January to -19,37 points from 6,21 in December 2015, doing worse than expected. Furthermore, industrial production in December fell by 0,4% below expectations (-0,2%) with producer prices down by 0,2%, a figure instead in line with analysts' expectations.
The Dow Jones dropped 2,61% below 16 points, the S&P500 2,42%. Sales on Citigroup, Wells Fargo, Intel, Blackrock after release of quarterly results. In Piazza Affari, the declines concerned all sectors. On the Ftse Mib, only one stock was seen on the day of sales: Italcementi +0,10%. Suspensions have invested Bmps, which closed with a crash of 6,7% worst stock of the blue chips, Exor, and Finmeccanica. At the bottom of the Fste Mib Yoox -6,54%, Tenaris -6,29%, Saipem -5,7% and Cnh Industrial -5,61%.
