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09 March 2020Tonfo launched for the main European stock exchanges on the Coronavirus emergency and the collapse in oil prices. Frankfurt lost 7.38% with the Dax at 10,690 points. London loses 8.54% with the Ftse 100 at 5,910 points, Madrid is at -5.87% with the Ibex at 7,884 points. Paris has a hard time leaving.

The Milan stock exchange is stalled (-4%) from sales. Most of the stocks in the main list are unable to make a price by scoring two-figure theoretical collapses with Saipem leading (-29%). Instead they made a price ending up in the volatility auction for decreases in the order of 10% Exor, Moncler, Terna, Stm. Only A2a (-8.8%), Hera (-4.6%) and pharmaceutical companies Diasorin (5%) and Recordati (-4.5%) managed to enter the negotiation. The Italian spread jumps to 216 points

Oil prices sink 31% on the markets, the worst drop since 1991, after Saudi Arabia and Russia triggered a price war by blowing up the OPEC + summit. Texas WTI crude yields 31% to $ 27.35 a barrel while Brent crude yields 25% to 33.72.

Asia bags
The week of markets opens in the fall on the wave of the world expansion of the coronavirus with crude oil without parachutes and currencies in tension. With the yen strengthening reaching its peak since 2016, the Tokyo Stock Exchange collapsed, leaving 5.07% on the ground. New thump for Seoul (-4.19%) which has passed Italy the primacy of the infected by the epidemic behind China. Hong Kong (-3.74% while still open), Shanghai (-3.01%) and Shenzhen (-3.79%) do not do much better. But the most marked collapse in the Asia-Pacific area is marked by Sydney (-7.33%): this is the largest drop after the -8.3% recorded on October 10, 2008.