Sales also prevail today on world markets and the European lists close in deep red, while the compass of Wall Street, after yesterday's collapse, find it hard to find direction, dominated by volatility; the Vix index jumps into the 50-point area. On global financial markets they have been 4.000 billion dollars burned in the last eight days and apparently the damage count is not yet complete. What is frightening is the recovery in US inflation, a more sustained rate hike in 2018 and what is being seen on the stock market, according to the US secretary of state, Steven Mnuchin, is “a normal correction, albeit a large one”
Business Square it closed down by 2,08%, at 22.445 points, with some banks stemming the collapse and staying on course better than their continental colleagues. Intesa Sanpaolo, +0,9%, is rewarded for better-than-expected accounts and a plan with fewer NPLs, more profits and dividends. CEO Carlo Messina announces: "we want to become the number one bank in Europe". In evidence Bper + 0.37 % and Banco Bpm +1,03%. Outside the main basket, they are catching up Popular of Sondrio +2,46% and Monte Paschi Bank + 3,35%.
For the rest on the Ftse Mib, apart from the three banks mentioned, there is a long trail of blood. It starts from Finecobank, -4,14%; continue with Saipem -4,06%; General Bank -3,47%; Exor -3,75%. Two heavyweights like Eni ed Is in the, they lost 2,8% and 2,6% respectively.
The rest of Europe is not doing better: Frankfurt -2,32%; Madrid -2,53%; London -2,64%; Paris -2,35%.
THEeuro it depreciates moderately against the dollar and the cross is around 1,234. Raw materials down; Brent -0,93%, $66,99 a barrel; gold -0,92%, $1327,225 an ounce.
On the secondary, the yield of Btp 10 years it drops to 1,99%, but the differential with the Bund widens by 0,62% to 129.40 points. The yield of T Bond at the start it is on the increase again, around 2,8%.
Complete the picture a new collapse of Bitcoin, which slipped below $6 this morning (-13%), bringing the losses of the best-known cryptocurrency in the world to more than half since the beginning of 2018.
