Share

March 16, 2020 The main European stock exchanges fear coronavirus infection, after restrictive measures have also been adopted by other governments beyond the Alps. Paris (-9.5%) is the worst, preceded by Madrid (-8.9% ), Frankfurt (-8%) and London (-7.7%), with Milan at -7% .Piazza Affari with a negative sign with over 10 stocks frozen due to excess fall.

Bags plummeted in Asia and the Pacific, with an epicenter in Sidney (-9.7%), despite the Fed's intervention last night. Down Tokyo (-2.46%), after measures by the Japanese Central Bank deemed insufficient, Shanghai (-3.4%), Taiwan (-4.06%) and Seoul (-3.19%). Hong Kong (-4.01%) and Mumbai (-5.78%) are still open. The new drop in crude oil (Wti -4.19%) and the slipping of gold (-3.19%) weighed on the extractive-mining Northern Star (-17.13%), Lynas (-16.28%) and Gold Road (-14.36%). Futures on Europe and Wall Street in red.

Spread Btp-Bund is close to 250
The spread between BTP and the German Bund crosses the threshold of 250 points. The difference between the two ten-year period stands at 252.2 basis points with a yield of 1.94%.

Shanghai closes at -3.40%, Shenzhen at -4.83%
The Chinese stock exchanges close with a thud after the Fed has filed interest rates by 100 points, launching a quantitative easing of 700 billion dollars against the coronavirus: Shanghai sells 3.40%, to 2.789,25 points, while Shenzhen 4 , 83%, to 1,712.02. The Chinese Central Bank decided on Friday to inject liquidity of 550 billion yuan (78.8 billion dollars) with the cut of 0.5-1% of the compulsory reserve; today it has entered 100 billion yuan (14.28 billion dollars) with the medium-term credit line (MLF) at one year and at the rate of 3.15%.

Fly gold, then limit earnings to + 0.2%
The surprise decisions taken by the Fed yesterday put wings on the gold price, which however lost momentum by limiting earnings to + 0.2%. The precious metal came to earn $ 45 an ounce, going up to $ 1,575, but then going down to 1,532 with a rise of just 0.2%.