After theand Wall Street recorded record losses in what has now been rebranded as yet another "Black Monday" of the American Stock Exchange and last Friday's conspicuous declines, US equities are once again tinged with an intense red.
Despite the (positive) futures in the morning giving hope for a positive day, consequently also giving breathing space to the European stock exchanges, Wall Street stock exchanges opened trading in deep red, with falls of more than 2%.
But the losses last a few minutes. At 15.44, with a tailspin, the US indices returned to positive territory, hinting at an attempt to recover more and more decisively.
Il Dow Jones, which yesterday lost 1.300 points (-4,6%), registering the largest drop ever in absolute terms, is currently gaining 0,5%, well above the psychological threshold of 24 points. Up too S & P500 which after leaving 4,3% on the ground (worst fall since August 2011), travels up by 0,47% to 2661 points.
It also saves the Nasdaq (-3,78% yesterday) which rises by 0,6% to 4525 points.
The opening up of Wall Street has inevitably conditioned the performance of stocks European Stock Exchanges, who first widen their losses then try to raise their heads. The worst is Madrid (-2,08%) followed by Paris (-1,94%), Frankfurt (-2,05%) and London (-1,74%).
Il Ftse Eb travels at -0,79% at 22.641 points. Two stocks on the rise: Intesa Sanpaolo, which currently earns 1,57% driven by new business plan presented today in Milan, and Bper (+0,2%)
Returning overseas, the US market therefore continues to succumb to fear. In fact, at the basis of the fall there are concerns about the Federal Reserve's next moves. The question is: given the improvement of the economy and the recovery of inflation, will the US central bank raise interest rates faster than expected?
The answer is in the hands of Jerome Powell since yesterday officially at the helm of the Fed, which will immediately face the first, tough, exam of his mandate.
