European stock markets down sharply after Wall Street's start in the red
while banks are targeted by sales, with
Deutsche Bank
in the sights of investors after deciding on the early repayment of some subordinated bonds.
Closing down sharply for Piazza Affari
in a difficult session for all the European stock exchanges, which came under pressure due to fears of new situations of fragility in the banking sector.
The Ftse Mib index ended trading down by 2.23% to 25,892 points.
Heavy closure also for the European Stock Exchanges
.
Paris finished trading down 1.74%, Frankfurt 1.66% and London 1.26% with banks once again falling into the eye of the storm amid concerns it has been victim Deutsche Bank.
The reassurances received from German Chancellor
Olaf Scholz
and the
ECB
on the state of health of the German giant and European banks are not enough to calm investors' raw nerves, with the Stoxx index of the banking sector dropping 3.5% and that of the energy that loses 3.2%, in the wake of the drop in oil (-2%).
Risk aversion drives investors into gold, up 0.8% to $1,993 an ounce, and into government bonds, where the 10-year Bund cuts the yield by 9 basis points to 2.097% as widens the spread with the BTP to 189 basis points, the yield of which slips just below 4%, to 3.98%.
Oil opens with a crash in New York at 67.84 dollars
Oil opens with a crash in New York where prices lose 3.03% to 67.84 dollars a barrel.
