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Stock Exchange: Milan slips in the wake of political tensions and closes at -3.44%

2022-07-14T16:02:28.601Z


The euro appears nervous with the markets in tension due to the growing fears of a global recession. (HANDLE)


The

Milan Stock Exchange

sinks with the political crisis that led

Prime Minister Mario Draghi to go up to the Quirinale

.

The Ftse Mib closed, in a session of great tension, leaving 3.44% on the ground at 20,554 points.

Wall Street

is also

negative.

The

Dow Jones

loses 1.51% to 30,309.20 points, the

Nasdaq

drops 1.19% to 11,119.04 points while the S&P 500 drops 1.37% at 3,749.56 points.

The

euro

appears nervous with the markets in tension due to the growing fears of a global recession.

The single currency

returns to exchange on par with the dollar

and changes hands at 1.0016 on the greenback.

Persistent geopolitical

tensions

and fears about the effects they will have on eurozone growth, fears of global recession and risk aversion in global markets are holding the stock exchanges under pressure and

fueling the strength of the dollar

, pushing the exchange rate with the currency. unique to parity.

Meanwhile, in Italy, the analysts

' common opinion

, "

it is not a time of crisis

" with the PNRR to be brought to fruition.

"A

recession

in the eurozone would lead the ECB to cancel its normalization plans. A recession in the United States is also a material risk, which could at least temporarily favor the euro by putting a brake on expectations of rate hikes in the United States as well." they add. 

Source: ansa

All life articles on 2022-07-14

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