High voltage on the stock exchanges on Monday, Milan (-2.7%) is back below 23 thousand. Spread above 200 points

(Il Sole 24 Ore Radiocor) – After a week to forget, with the indexes down by even four points, the European stock exchanges they continue along the same lines and close down sharply, widening the losses at the end, in the wake of a Wall Street that sees the S&P 500 at its lowest since April 2021 and the technological list down by more than 3 points. After three consecutive sessions in red, in Piazza Affari il FTSE MIB is in the red, slipping below 23,000 points and the lowest since the beginning of last March, as well as CAC 40 of Paris and the DAX 40 of Frankfurt. The bad too FT-SE 100 of London, theAEX of Amsterdam andIBEX 35 of Madrid.
The eyes are always focused on the trend of world growth and inflation (waiting for the American data that could dictate the line to the Fed on the next rate hikes), on the spread of Covid in China, with the Government introducing restrictive measures also in Beijing and assesses the repercussions on the economy (exports grew in April at the slowest pace in two years), and on the war in Ukraine, on the day that Russia celebrated the victory against Nazi Germany in the second war world and President Vladimir Putin has pointed the finger at the West.

On the Ukrainian frontOn the day that Russia celebrated victory over Nazi Germany in World War II, Russian President Vladimir Putin said that NATO poses a threat to Russian borders and that “you are fighting for the security of Russia. I appeal to our armed forces and the Donbass militias: you are fighting for security and for the future, so that there is no place in the world for Nazi criminals “, he said, adding that” the West was preparing the invasion of our territories “.

Wall Street falls sharply, Treasury yields peak

A sharp decline on Wall Street, back from four terrible months: between January and April, the S&P 500 lost 13.3%, recording the worst start to the year since 1939; the Nasdaq Composite, back from the worst month since 2008, lost 21.2%, the worst start to the year since its creation in 1971. For the Dow Jones, a drop of 14.69%.
In addition, yields on US Treasuries continue to rise (the 10-year is at 3.185%, the highest since November 2018), which, coupled with inflation at its 40-year high, puts pressure above all on tech stocks, valued on the market. ‘assumption of strong growth in cash flows, more at risk in these market conditions. Energy stocks are bad, with oil losing 2.35% to 107.19 dollars a barrel.

Leonardo runs to Piazza Affari, Diasorin slips

In Milan the race of Leonardo after quarterly accounts. Weak Tenaris, which, like other energy sources, pays for the drop in oil. Limit bending Unicredit (although Deutsche Bank analysts have reduced the target price at which they see the stock in the next 12 months), while they are in sharp decline Diasorin And Amplifon in the health sector. Down too Telecom Italia. Out of the main price list, Cellularline leaps after failing to make price in startup, after that Esprinet presented an expression of interest aimed at launching a public purchase offer at a price of 4.41 euros per share.

Bitcoin drops to lows since July 2021

Bitcoin has been in sharp decline in recent days, undermined by investors’ lower risk appetite at the moment, amid high inflation, aggressive Fed policy, war and increased Covid-19 cases. Today, it hit its lowest since July 2021, falling 4.6% to around $ 32,800, before returning to just above $ 33,000. “In light of fears of rising inflation, most investors have chosen to sell stocks and crypto to reduce risk,” commented Darshan Bathija, chief executive of the Vauld crypto platform.

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High voltage on the stock exchanges on Monday, Milan (-2.7%) is back below 23 thousand. Spread above 200 points


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