The Limited Times

Now you can see non-English news...

US banks frighten the markets, and European stock markets slide

2023-03-10T10:10:50.981Z


The Stock Exchanges continue heavy, in the wake of the closure of Wall Street and the Asian markets. The collapse of US banks, with fears of the failure of the Silicon Valley Bank, scared the European markets (ANSA)


The European stock markets continue heavy, in the wake of the closure of Wall Street and the Asian markets.

The collapse of US banks, with fears for the failure of the Silicon Valley Bank

, has frightened the markets, which continue to decline sharply.

Government bond yields also declined while the next moves by


central banks are awaited.

There is anticipation for US labor market data

.



On the currency front, the euro rose to 1.0588 against the dollar.

The Stoxx 600 area index dropped 1.6%.

The main lists of the Old Continent are weighed down by banks (-4.3%).

Among the shares in sharp decline Barclays (-6%), Commerzbank (-5.4%), Societe Generale (-5.3%) and Banco Santander (-5%).



Among the equity sectors in sharp decline

also the technological sector (-2%) and cars (-2.4%).

Energy is also bad (-1.5%), with the price of oil decreasing.

Wti fell by 1.1% to 74.88 dollars a barrel and Brent by 0.9% to 80.89 dollars.

Tlc and pharmaceuticals were also weak (-0.7%).

Utilities (+0.1%) went against the trend, with the price of gas on the rise.

In Amsterdam, prices rose by 7.7% to 46.96 dollars per megawatt hour.

Among metals, gold rose to 1,835 dollars an ounce (+1%) while silver showed little change at 20.13 dollars.

Source: ansa

All life articles on 2023-03-10

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.