The pandemic is scary again.
The leap in infections and the squeeze in several European countries are sinking the stock markets, frightened by a second wave of Covid-19 and its effects on an economy that has not yet recovered from the first lockdown.
The European financial centers all closed in red.
Paris loses 2.11%, Frankfurt 2.49%, London 1.73%.
Milan is black jersey with a 2.77% drop
, also thanks to an increase in the spread to 130.8 points after the record public debt, which rose - according to data from the Bank of Italy - to 2,578.9 billion.
The crash of the European stock exchanges is linked to the leap of infections in the Old Continent: an increase that imposed a curfew in Paris starting at 9 pm for at least four weeks, partially closed Poland and threatens the Great Britain of Boris Johnson already struggling with the uncertainty of Brexit.
Sitting in decline also for Wall Street, worried about a second wave of viruses and the impasse of negotiations for new stimuli to the economy.
"The markets are surprised by the progress of the virus," say some analysts, warning that the "best of the recovery is now behind us".
Others remarked that "without petrol", that is, without new aid, "the markets will continue to hesitate until the elections", on the outcome of which no one is betting after what happened in 2016. A caution that increases uncertainty, the main enemy of the stock exchanges.