The situation on the stock market is still worsening. -3.5% for the Ftse Mib index, which at the level of points, falls below 24 thousand. The increase from the beginning of the year is reduced to 7.5%. Also in the rest of Europe there are drops, although less marked than in Milan, all in any case over 2 per cent: Frankfurt -2.7%, London -2.44%. The negative trend began overnight in Asia, especially in Tokyo and Hong Kong, and should continue on US stock exchanges as well. So say the futures on the main indices of the New York stock exchanges. What is happening? There were no significant macroeconomic data, many observers think that this trend is due to fears for the spread of Covid variants. This is suggested by the umpteenth drop in the travel sector among shares at European level (-3.47%). Down also banks (-3,5%) and the automotive sector (-3%). Among the sectors in Italy, in Piazza Affari, the decline of over 4% in the public utility services sector stands out. Energy stocks are bad, on the Italian stock exchange as elsewhere, because the price of oil today falls by more than 3 percent, with the Brent in the North Sea at $ 71.1 per barrel. This is after yesterday's agreement between the OPEC Plus countries: they have decided that by September 2022 all the cuts decided after the start of the epidemic will be eliminated: it will mean an increase of 5.8 million barrels per day. On the corporate front, over the weekend the announcement that the fashion brand Ermenegildo Zegna will go public in November. Not in Milan, however, but in New York.then stands out the decline of over 4% in the public utility services sector. Energy stocks are bad, on the Italian stock exchange as elsewhere, because the price of oil today falls by more than 3 percent, with the Brent in the North Sea at $ 71.1 per barrel. This is after yesterday's agreement between the OPEC Plus countries: they have decided that by September 2022 all the cuts decided after the start of the epidemic will be eliminated: it will mean an increase of 5.8 million barrels per day. On the corporate front, over the weekend the announcement that the fashion brand Ermenegildo Zegna will go public in November. Not in Milan, however, but in New York.then stands out the decline of over 4% in the public utility services sector. Energy stocks are bad, on the Italian stock exchange as elsewhere, because the price of oil today falls by more than 3 percent, with the Brent in the North Sea at $ 71.1 per barrel. This is after yesterday's agreement between the OPEC Plus countries: they have decided that by September 2022 all the cuts decided after the start of the epidemic will be eliminated: it will mean an increase of 5.8 million barrels per day. On the corporate front, over the weekend the announcement that the fashion brand Ermenegildo Zegna will go public in November. Not in Milan, however, but in New York.$ 1 a barrel. This is after yesterday's agreement between the OPEC Plus countries: they have decided that by September 2022 all the cuts decided after the start of the epidemic will be eliminated: it will mean an increase of 5.8 million barrels per day. On the corporate front, over the weekend the announcement that the fashion brand Ermenegildo Zegna will go public in November. Not in Milan, however, but in New York.$ 1 a barrel. This is after yesterday's agreement between the OPEC Plus countries: they have decided that by September 2022 all the cuts decided after the start of the epidemic will be eliminated: it will mean an increase of 5.8 million barrels per day. On the corporate front, over the weekend the announcement that the fashion brand Ermenegildo Zegna will go public in November. Not in Milan, however, but in New York.
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by Fabrizio Patti
19 July 2021 The situation on the stock market is still worsening.
-3.5% for the Ftse Mib index, which at the level of points, falls below 24 thousand.
The increase from the beginning of the year is reduced to 7.5%.
Also in the rest of Europe there are drops, although less marked than in Milan, all in any case over 2 per cent: Frankfurt -2.7%, London -2.44%.
The negative trend began overnight in Asia, especially in Tokyo and Hong Kong, and should continue on US stock exchanges as well.
So say the futures on the main indices of the New York stock exchanges.
What is happening? There were no significant macroeconomic data, many observers think that this trend is due to fears for the spread of Covid variants. This is suggested by yet another drop in the travel sector among European shares (-3.47%). Banks were also down (-3.5%) and the auto sector (-3%).
Among the sectors in Italy, in Piazza Affari, the decline of over 4% in the public utility services sector stands out. Energy stocks are bad, on the Italian stock exchange as elsewhere, because the price of oil today falls by more than 3 percent, with the Brent in the North Sea at $ 71.1 per barrel. This is after yesterday's agreement between the OPEC Plus countries: they have decided that by September 2022 all the cuts decided after the start of the epidemic will be eliminated: it will mean an increase of 5.8 million barrels per day.
On the corporate front, over the weekend the announcement that the fashion brand Ermenegildo Zegna will go public in November. Not in Milan, however, but in New York.
