• Oil and coronaviruses sink markets

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March 10, 2020

Today opening upwards for Piazza Affari. The Ftse Mib index gained 1% at 18,664 points. In a climate of strong volatility and after some initial hesitations, the Milan Stock Exchange accelerates recoveries following yesterday's generalized collapse of the markets on the coronavirus alarm. After about 40 minutes from the start of the session, the Ftse-Mib index accelerates to 2.30%, with the highest rises on Sapime (+ 6.74%), Diasorin (+ 6.63%) and Eni (+4.21 %), The strongest drops, however, hit Atlantia (-2.4%), Italgas (-1.24%) and Nexi (-1%).

Europe rebounds, Paris + 1.33% Frankfurt + 0.94%, London + 1.03%
Starting European stock exchanges are experiencing a rebound. Paris scores + 1.33% with the Cac 40 at 4,770 points. Frankfurt shows a + 0.94% with the Dax at 10.724 points and London is at + 1.03% with the Ftse 100 at 6.027 points.

Asia and the Pacific
The main Asian and Pacific stock exchanges rebound after the collapse of the eve due to the combination of the effects of the coronavirus and the sharp drop in oil prices. With the slowdown of new coronavirus cases in China and growing crude oil (Wti + 6.49%), Tokyo (+ 0.85%), Shanghai (+ 1.82%), Seoul (+0, 42%) and Sidney (+ 3.11%). Hong Kong still open (+ 1.97%), closed for Mumbai holidays. Futures on Europe and the United States are positive.

Headlines rebound after the collapse of the Sprint eve of Diasorin, Saipem, Stm and Eni
Diasorin (+ 6.44%), Saipem (+ 3.55%), Ferragamo (+ 2.71%), Stm (+ 2.68%) and Eni (+ 2.33%) are the
best stocks in Piazza Affari in an opening that tries to make people forget the collapse of 11% of the eve for the entire list. The Unicredit (+ 0.05%) and Intesa (-0.01%) banks were not much moved.