Stock market crash, paying for the tensions on the energy market, the Greek crisis and the reactions of Chinese stocks to Beijing's moves. The Ftse Eb it closed down 2,88%. The other European Stock Exchanges are also down: Paris -2,55% London -2,14% Frankfurt -2,21%.
The yield of Waist it hit a new all-time low falling to 0,686%. The French 0,954-year bond is also down, with a rate of XNUMX%. The Btp-bund spread on the other hand, it rose to 132 basis points and the yield was 1,95%. Live the rates of the greek bonds, which yield 7,05%.
The dynamics on European debt was determined by the run on safe-haven assets unleashed by new fears related to the Greek crisis: the country is heading towards early presidential elections on December 17 and the fear is that on this appointment the national unity executive could be broken, thus triggering the need to go to early general elections where the anti-reform left bloc could advance of Syriza. The Athens Stock Exchange plunges more than 12%, posting its worst performance in over 27 years.
Meanwhile, Italy collects an assist from Christine Lagarde, head of the IMF, for which the Eurozone must fire all the cartridges to support the recovery and a certain flexibility is needed on the rules of the Stability Pact. “For Italian initiatives to be successful, they must be accompanied by a shared strategy at the Eurozone level to support a lasting and robust recovery. The Eurozone must fire all the cartridges”, said Lagarde at the inauguration of the academic year at Bocconi.
From the USA there are no signals capable of comforting the European price lists. Wall Street it opened down, reflecting the collapse of the Chinese Stock Exchange and the tensions in the energy sector. Shanghai posted the worst drop since 2009 (-5,4%) after Beijing tightened the rules on collateral for short-term loans with the aim of addressing the growing risks of the financial system.
At the same time, the oil giant ConocoPhilips announced a 20% cut in investments precisely following the drop in oil prices. Today the Petroleum Wti is up 1,40% to 63,93 dollars a barrel. The change euro dollar it climbs 0,77% to 1,2412. At the end of Europe, the Dow Jones lost 0,93%, the S&P500 0,85% and the Nasdaq 0,63%.
In Piazza Affari only Mediaset among the blue chips it manages to close in positive territory (+2,81%). The title of the Biscione reversed course after the diffusion of data on advertising sales in November which rose by 7% compared to the same month in 2013. This is the first increase of the year.
At the bottom of the Ftse MIb there are Finmeccanoca (-5,07%), Yoox (-5,06%), Enel Green Power (-4,76%), Banco Popolare (-4,71%) And Where's Banca (-4,43%). Back in red too Ps (-2,12%) which in the morning was the only stock to hold on in positive territory following a favorable report from HSBC.
