After opening in deep red in the wake of the Chinese collapse and the partial recovery in the middle of the day, the European stock exchanges are still sliding into the abyss at the beginning of the afternoon. Business Square gets to lose more than 4,5%, followed by Paris (-4,4%), Frankfurt (-4,3%) And London (-3,9%).
To feed again the sales on the markets are the negative forecasts for the opening of Wall Street. THE futures of the American Stock Exchange do not paint a reassuring picture: Dow Jones -2,62% S & P 500 -2,45% and Nasdaq -3,89%. Concerns over the health of the Chinese economy are also weighing overseas, which this morning caused the collapse of the Asian public squares (-8,5% Shanghai, Tokyo -4,6%).
Sales affect all sectors without distinction. Bad fashion, which pays for exposure to the Chinese market with Ferragamo (-4,99%) And Tod’s (-3,04%). Industrialists are also in difficulty, where fca decreases by 4,53%, also affected by the weakness of the Brazilian market. Bankers down: Intesa Sanpaolo -2,78% Unicredit -2,33%
On the foreign exchange market, the euro it climbed back above $1,15 before settling at 1,1492 (vs. 1,1386 on Friday).
Il Petroleum it also lost 39 dollars a barrel with the WTI dropping 3,71% to 38,95 dollars.
On the bond front, it BTP-Bund spread it climbs back to 135 basis points.
