The Milan Stock Exchange opens sharply
.
The first Ftse Mib index drops 2.28% to 26.004 points.
The spread between the BTP and the German Bund opens up to 133 points,
compared to 130 points at the close on Friday.
The 10-year yield rises to 0.95%, compared to 0.94 on the eve.
In pre-opening, the futures of the main lists of the Old Continent and those of Wall Street are in sharp decline
. The markets are fearful of the Omicron variant of the coronavirus, with investors fearing restrictions and the possible effects on the economic recovery. The moves of central banks, particularly the Fed, also weigh heavily. With the holidays upon us, trading volumes will be significantly lower with an increase in volatility. The US administration's position on economic strategies is also in the spotlight.
The Asian stock exchanges closed the first session of the week down
.
The increase in infections of the Omicron variant of the coronavirus and the effects on the economic recovery are in the spotlight.
Headlights also focused on the decisions of the central banks with the Chinese one (PBOC) which cut the Loan prime rate for the first time in 20 months.
The Fed's decisions are also perplexing among investors, with Tokyo falling sharply (-2.13%).
On the currency market, the yen strengthens against the dollar at 113.40, and against the euro at 127.70.
Markets still open in the red also Hong Kong (-2%), Shanghai (-1%), Shenzhen (-1.7%), Seoul (-1.8%) and Mumbai (-2.5%).