2024-08-05 18:27:42
(ANSA) – MILAN, 05 AUG – Piazza Affari remains the worst stock market in Europe in the very first part of the session with a drop of around 3% with the Ftse Mib index around 31 thousand points, followed by Amsterdam down 2.5%. In a very nervous climate, Paris (-2.2%) and Frankfurt also did badly, falling 2.1%, with London down around two percentage points. Futures on the start of Wall Street range from a 4.5% slide in the Nasdaq of technology stocks to a 1.7% drop in the Dow Jones. The spread between BTPs and Bunds, after a clear increase at the start, is moving around 150 basis points. According to analysts, operators, especially those in Asia, have paid for the ‘perfect storm’ of fears of recession in the United States, with signs of a possible widening of the Fed’s September rate cut to half a point, and the expectation of an attack by Iran on Israel. But the ones weighing most are technology stocks, which continue to re-establish themselves from recent highs. In this context, the dollar is falling sharply (-2%) against the yen, while it remains substantially stable against the euro. Oil is calm at 73 dollars a barrel and gold at 2,476 an ounce. In Piazza Affari in the main basket, the worst stocks are Nexi and Stm, which are losing five percentage points, followed by Mps, Saipem and Tim, down more than 4%, but clearly reducing their opening losses. Moncler is trying to hold on, down about one point. (ANSA).
2024-08-05 18:27:42