Covid19: US accusations against China, sharp drops for all world stock exchanges

2020-05-04T07:44:33.019Z

The Trump administration's accusations against China for managing the epidemic and the origin of the virus rekindle fears of a trade war. In Europe we start again from the drop on Thursday. Opening Ftse Mib in Milan -3.30%, London -0.57%, Frankfurt -3.29%, Paris -3.82%. The BTP / Bund spread rose, at 244 basis points, 5 more than last Thursday. Down in the night also the Asian bags. Today, the Shanghai and Tokyo stock exchanges are closed for holidays. The Hang Seng index in Hong Kong fell by 4.3%. The worst Mumbai, -5%. The main index in Sydney goes against the trend, + 1.4%. Stock market futures also anticipate a negative start in the United States, which comes from a May 1st in which Wall Street was open. The main indexes had suffered a drop of more than 2 percent, despite the first quarter accounts above the expectations of the technology giants Amazon, Apple and Microsoft. To weigh the figure on American GDP in the first quarter (-4.8%) and Friday's threats by President Trump to punish China with new tariffs, accused of being the cause of the global coronavirus crisis. New roller coaster for oil, in particular for the American WTI, which today falls by 7% and falls below $ 18 and a half a barrel. In Piazza Affari, more than 4% drops for eight stocks: of Atlantia (-5.76%) the worst performance; followed by CNH Industrial (-5.3%), Tenaris, Exor, FCA, Mediobanca, Eni, Intesa Sanpaolo. Juventus only positive title, + 3.85 percent.