(ANSA) - MILAN, OCT 28 - European stock exchanges have slipped to a minimum for five months while in Europe the red alarm has been triggered for the spread of the coronavirus and new lockdowns are expected in France and Germany.
The euro loses ground against the dollar (-0.44% to 1.174) while futures on Wall Street are deep red (Dow Jones -1.7% and S&P 500 -1.4%) and the fear indexVix, which measures the volatility on the American stock market, it has jumped to its highest level since June.
Milan (-3.1%), Frankfurt (-3.1%) and Paris (-2.8%) lead the declines in the Old Continent, in the wake of Chancellor Angela Merkel's intention to propose a light one-month lockdown and pending for President Emmanuel Macron to speak at anaction tonight.
In Europe, sales do not spare any sector with auto (-4.3%), clothing and luxury (-3.9%), among the most targeted.
Renault sold 6.4%, Moncler 5.7%, BMW 5.4%, Daimler 5.1%, Essilorluxottica 4.9%, the luxury giant LVMH 3.8%.
The companies that in France and Germany will be most affected by the upcoming lockdowns, such as the Fnac Darty chain (-9%), Cineworld (-5.4%), the Carnival cruise ships (-4.4%) and the Accor hotels also pay a pledge. (-3.8%).
In PiazzaAffari, where the Ftse Mib is almost entirely in the red, the low drivers are Buzzi (-5.8%), Moncler (-5.4%), Amplifon (-5.2%), Enel (-4.5%) , Bper (-4.2%), Stm and Unipol (-4%).
Investors move to safe haven assets such as US itreasury and German bunds, whose yields are falling slightly, or the yen, rising against all currencies.
But even a safe haven as gold struggles, with the yellow metal rising 0.3% to $ 1,890 an ounce.
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