Negative European stock markets starting session after declines in Asia

2019-08-05T07:36:49.373Z

Start of session down for European stock exchanges. The tensions over commercial duties between the United States and China and the protests in Hong Kong weighed heavily. A climate that has depressed the Asian markets this morning: Tokyo closed down by 1.7%, while Hong Kong yields almost 3 percentage points. In the Old Continent, Milan loses 0.85% at the start, while the other main price lists slide by more than 1 percentage point. Frankfurt -1.12%, Paris -1.09%, London -1.13%. The weakness of the markets is also reflected in the prices of raw materials. The price of oil is falling, while the price of gold is falling, a traditional safe haven: it rose to 1,456 dollars per ounce, the highest level in the last 6 years. The spread between German BTPs and Bunds starts the week at 203 basis points, with our 10-year yield falling to 1.49%. While on the currency markets the Euro stands at 1.11120, up slightly against the Dollar compared to the closing on Friday.