The European stock exchanges face a new day of fibrillation after the crash of the Asian markets. After the turbulence yesterday in Europe and indifferent to the leap on Wall Street, a new jolt in Shanghai (-3,55%) which now seems to have embarked on a bearish phase and an increasingly downward slope.
The continuing uncertainties about oil prices, which are back below 30 dollars a barrel, are not helping. And so Hong Kong loses 1,35%, with the local currency heading for the worst declines in two days since 1992: the Hong Kong dollar lost 0,1% today after declines of 0,3% Thursday. Meanwhile, the offshore quotations of the yuan have dropped by 1% this week, while the quotations at the onshore fixing are essentially stable today. Futures on European markets point to a lower open, with the Euro Stoxx 50 down 0,8% in March.
In Piazza Affari, which started with strong volatility, the performance of the price list worsens compared to the starting values. The main index Ftse Mib at 10.10 dropped 1,5% to 19.493. Oil and energy sales with Tenaris losing 3,2%, Saipem 2,5% and Eni 1,9%. After the recovery attempt at the start, FCA fell and lost 0,2%, but appears rather volatile and has already reversed course several times. CNH leaves 3,5%, Exor 0,2% and Ferrari 1,5%. The banks are also weak with Bper (-2,5%) and Mps (-2%).
