The Limited Times

Now you can see non-English news...

Borsa, Milan closes in sharp decline: -1.7%

2023-05-02T16:15:26.244Z


The Ftse Mib index drops to 26,630 points. In mid-afternoon, the decline in crude oil slowed down international stock exchanges. The main European stock exchanges slipped. (HANDLE)


Closure in sharp decline for Piazza Affari.

The Ftse Mib index lost 1.65%, falling to 26,630 points. 

Around 5 pm, the sudden drop in crude oil slowed international stock exchanges, from Milan (Ftse Mib -1.52%) to Madrid (-1.74%), from Paris (-1.4%) to Frankfurt (-1.2%) and London (-1.1%).

After a short time, the final push of crude oil on the main European stock exchanges and on Wall Street, which immediately amplified the drop marked at the beginning.

Under pressure Milan (Ftse Mib -1.6%), which from the first fell to the bottom of the European ranking together with Madrid (-1.7%).

Weak also Paris (-1.46%), more cautious Frankfurt (-1.2%) and London (-1.1%), while in New York the Dow Jones loses 1.6%) and the Nasdaq l '1.45%.

The sudden slide of crude oil (Wti -4.51% to 72.23 dollars a barrel and Brent -4.3% to 75.9 dollars) pushed Eni down (-4.2%) among the most heavy in Piazza Affari, together with Saipem (-7.07%) and Tenaris (-5,

17%).

Also under pressure are the European rivals from BP (-8.82%), which also presented the quarterly, to Shell (-4.31%) and TotalEnergies -4.63%), whose weight on the respective lists is less than that of the sector in Italy.

Chevron was also heavy (-4.26%) on the New York Square.

The differential between Italian Btos and ten-year German Bunds rose to 190.7 points, with the Italian annual yield down by 0.2 points to 4.16% and the German one by 4.9 points to 2.258% and the US one by 12 .7 points to 3.43%.

The dollar turns downwards, changing hands at 0.91 euros, while it remains strong at 0.8 pounds, with gold suddenly turning positive (+1.16% at 2,011 dollars an ounce), by new above the $2,000 mark.

Finally, Piazza Affari closed in sharp decline.

But all the main European stock exchanges slide into closure,

Source: ansa

All life articles on 2023-05-02

You may like

Life/Entertain 2024-04-02T15:56:54.073Z
Life/Entertain 2024-02-29T15:43:35.310Z
News/Politics 2024-02-28T15:34:46.904Z

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.