The apparent calm of the markets is already over. The geopolitical tensions international markets are knocking out European stock markets after the declines recorded yesterday on Wall Street and the red that colored the Asian stock markets in the morning. Amplifying the nervousness of the markets is Israel's intention to respond to the Iranian attack that took place over the weekend despite requests from allies asking Netanyahu to stop. The performance of the companies also weighs on the mood of the price lists American Treasury securitiesi, which reached the highs of 2024, with the 10-year rate rising by more than 4,6 basis points above XNUMX%. Not even the excellent data on the price list is enough to calm the spirits of the price lists Chinese GDP which in the first quarter of 2024 grew by 5,3% compared to the previous year, more than the 4,8-5% expected by analysts.
Stock market latest news: Europe in deep red on Israel-Iran tensions
In this context, Milano it lost 1,8% to 33.343 basis points, recording the worst performance among the major continental stock exchanges. However, things are no better in other markets: Paris e Amsterdamm drop 1,2%, Madrid 1,4% as well as Frankfurt. Outside the EU, London is in the red by 1,53%.
Markets in fibrillation: rising spreads, oil on a roller coaster
Tension is also rising in other markets. The spread between the BTP and the Bund it rises to 142 basis points, with the yield on the benchmark ten-year BTP rising to 3,85% from 3,82% at Friday's closing. On the currency, the dollar it strengthens to five-month highs against the pound and the euro, with the cross between the greenback and the single currency at 1,062 points. The rally continuesgold which, after exceeding 2.400 dollars an ounce, stands at 2.389,25 dollars, while the spot is at 2.374,05 dollars. On a roller coaster the prices of Petroleum, undecided about which direction to take between the joy of the Chinese GDP figure that has grown beyond expectations and the fears of tensions in the Middle East. At mid-day the WTI was at 85,06 dollars a barrel, Brent at 89,77 dollars.
In Piazza Affari Stellantis is in the black, the banks are bad
Out of 40 blue chips to save themselves from sales are only Amplifon (+ 0,29%) and A2a (+0,09%). For the rest, the Ftse Mib is tinged with intense red, with stellantis at the bottom of the list with a decline of 3,4%. The sales on the stock come on the day in which the annual general meeting meets in Amsterdam for the approval of the financial statements, in which the shareholders will also express their opinion, with a non-binding vote which must be taken into consideration, on Carlos' remuneration Tavares, CEO of the industrial giant.
Among the worst titles too Finecobank (-2,87%), Interpump (-2,74%) And stm (-2,68%). The banking sector is bad: Pop Sondrio (-2,64%), Unicredit (-2,27%), Intesa Sanpaolo (-1,97%).
