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By Michela Coricelli
08 September 2020 Closing down sharply for all European stock exchanges.
The contraction of the Eurozone's GDP had already disappointed analysts, but Wall Street and the new sharp decline in technology stocks took care of weighing down the squares of the Old Continent.
Result: an all-red picture for Europe.
Milan loses 1.81%, Frankfurt 1.01%, Paris 1.59% in line with the drop in Madrid, while London files the losses at -0.12%.
In New York the Nasdaq rises from the lows of the day, but remains heavy with the collapse of Tesla (-14%) and with the sharp drops of the other big techs.
The list loses over two and a half points, the Dow Jones one and a half points.
To complicate matters also the trend in the price of oil, in a steep swoop: crude oil lost 8%, to 36 and a half dollars a barrel.
Today the Treasury has placed 10 billion of the new twenty-year BTP.
Long-term title steals (2041).
The demand exceeded 84 billion euros.
Euro in slowdown, is trading below 1.18 dollars.