The spread of coronavirus in Northern Italy also weighs on government bonds . The spread between Btp Bunds shot up just minutes from the opening of the markets at 145 basis points from 134 of the closing of last Friday, with a rate of return for the Italian 10-year period of 0.98%. BTPs outperform Greek stocks, at 139.8 basis points from the Bund, with a yield of 0.93%.
The future on the Milan Stock Exchange Ftse Mib drops 3.9% while those of the other European indices show drops of just under 2% . Given the expansion of the coronavirus in Northern Italy and the measures taken by the authorities to combat it, an opening to Piazza Affari is heavier than elsewhere. In the pre-auction, Unipol recorded a drop in the order of 14% while some stocks such as Enel and Azimut were down more than 8%, Poste and Banco Bpm by 7%.
Negative session on Asian markets where fears related to new coronavirus cases outside China continue to dominate. Just in light of the numbers Seoul marks the worst result with a thud of 3.87% followed by Hong Kong (-1.63% and markets still open) while the Chinese lists in Shanghai (-0.31%) and Shenzhen do better (+ 1.24%) for the perception that the expansion of the virus is slowing down in the country. Tokyo closed for holidays.
Gold sprinted to Asian markets this morning . The spread of coronavirus, whose risks have also been recognized by the G20, has pushed the precious metal with immediate delivery to $ 1,678.58 an ounce, the highest of the last seven years.
Oil prices collapse on Asian markets following the alert launched by the financial G20 on the possible impact of coronavirus on the global economy. Brent, the European reference crude, lost 3.3 percent to $ 56.60 a barrel, while the American West Texas Intermediate fell 3 percent to $ 51.77 a barrel.
