The European stock exchanges burned 240 billion of capitalization in a single session.
It is the virtual loss based on the calculation of the capitalization of the exchanges of the Old Continent.
With the fears for the Delta variant of Covid 19, the drop in crude oil due to possible new restrictions and the risk of a forward flight of inflation, Milan lost 3.34% to 23,965 points, Paris 2.54% to 6,295 points, London 2.34% to 6,844 points, Frankfurt 2.62% to 15,133 points and Madrid 2.4% to 8,301 points.
The differential between Italian BTPs and ten-year German Bunds rose at 109.9 basis points. The annual yield on ten-year bonds rose by 0.5 points to 0.711%. In the rest of Europe, the yield of similar British bonds fell by 6.6 points, that of German bonds by 3.2 points and the similar figure for French bonds by 2.3 points.