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by Marzio Quaglino January 23, 2020 Financial markets on alert for cases of flu that have mainly affected the Chinese city of Wuhan. The Eastern stock exchanges recorded sharp falls: from -0.98% in Tokyo to a three and a half point drop in the Chinese Shenzhen. Europe, also worried by the possible new US tariffs, started with the minus sign. London, Paris and Frankfurt limit losses below half a percentage point. Milan instead travels against the trend (+ 0.31%) thanks above all to St Microelectronics (+ 4.50%) awarded by the accounts.
The consequences that the spread of flu cases could entail for travel and trade contributes to lowering the price of oil. The North Sea crude has lost $ 2 a barrel in twenty-four hours and is now trading at 62.39.
On the foreign exchange market, the Euro Dollar exchange rate remains slightly moved and remains slightly below the 1.11 threshold.