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Europe tries to resist the Chinese storm: Stock markets in red but losses halved

After a shock opening day due to the collapse of the Chinese and Asian stock markets, the European stock exchanges try to react and halve the losses by reducing them to 2% - However, the spread rises due to the flight of investors towards safe havens such as the German Bund - Oil at peak - And the blue chips of the FtseMib all remain in the red - Fashion and cars under fire

Europe tries to resist the Chinese storm: Stock markets in red but losses halved

After the collapse of the Asian Stock Exchanges, the European lists, still in sharp declines, are trying to get back on their feet. The index Ftse Eb it loses about 2,30% against the initial 4%. Many titles were readmitted to trading: FCA, Generali, Mediaset, Yoox and others that had not marked the opening price. 

The main world stock exchanges (open) are down sharply, both in Europe and in Asia. In Asia they closed with very large negative changes Shanghai (-8,5%) And Tokyo (-4,6%). Mumbai marks a decrease of 4% e Jakarta of 4,2%. 

Continue to appreciate the dollar against the main currencies of emerging countries. The Indian rupee, Malaysian ringgit and Russian ruble crashed again this morning.

Il Petroleum WTI-type drops sharply and trades at 39,2 dollars, a level not seen since February 2009. Brent at 44,2 dollars, -3%. 

It holds the market for bonds, where the movements are all in all modest. The 1,87-year BTP trades at 3% (+132 basis points). However, the spread rose to 0,55 points, against purchases on the XNUMX-year Bund (XNUMX% to the lowest since June. 

All the stocks of the main stock exchange on Piazza Affari are in negative ground. Fiat Chrysler (-4,30%) recovers from the initial splash. Below Finmeccanica (-2,6%) And StM (-3,5%). 

Minus sign but shares in recovery also for banks, insurance companies and asset management companies. Understanding marks mid-day -1,40%, Unicredit drops by only 0,60%. Heavy Mount Paschi (-2,71%).

Down too Generali (-1,8%), e UnipolSai (-3%). They get worse Mediolanum (-4,90%) And Azimuth (-3,73%). 

Sales are particularly fierce on Luxury. Moncler and Yoox, initially suspended due to excessive reductions, lost 1,15% and 4,38%. 

Ferragamo is down 4,45%, Tod’s the 2,14% Luxottica by 2,59%. In Hong Kong Prada is down 2,96%. 

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