The Chinese stock exchanges collapse to the test of the markets after the long break of the Lunar New Year, when the epidemic is still running and the deaths have surpassed those of the Sars of 2003.
The lists, between Shanghai and Shenzhen, sent up 420 billion dollars in terms of capitalization: Shanghai lost 7.72%, Shenzhen 8.41%.
But European markets hold .
European stock markets are accelerating in the wake of Wall Street after data on the confidence of the managers of the manufacturing sector, rising above estimates. Expectations on orders, prices and employment also increased, while vehicle sales are expected to grow to 16.8 million in the evening. Milan (Ftse Mib + 0.9%) continues to be the best followed by London (+ 0.85%), Paris (+ 0.75%), Frankfurt (+ 0.6%) and Madrid (+0.5 %). The purchase of the French payment giant Ingenico (+ 15.59%) by the rival Worldline (+ 0.31%) pushes Nexi (+ 4.83%) to Piazza Affari, where Prysmian gallops (+ 3.88% ), Amplifon (+ 2.8%) and Mediobanca (+ 2.49%) in view of the accounts scheduled for next Thursday. The Intesa accounts arrive tomorrow (+ 1.85%).
Oil declined in New York, where prices fell 0.52% to $ 51.29 a barrel.
Coronavirus: Chinese stock exchanges collapse, 420 billion dollars burned
2/3/2020, 4:07:08 PM
But European markets hold (ANSA)