Chinese syndrome on the markets

2021-07-27T14:02:36.316Z

The move by Beijing, which initiated restrictions on certain sectors such as high-tech and education, depressed the Asian markets overnight and also shook European stock exchanges since the morning. Investors fear a reduction in trade and prefer to withdraw from equity risk. In this climate, Wall Street also opened down (Dow Jones -0.44% and Nasdaq - 0.54%). Milan drops 0.80% while London, Paris and Frankfurt drop by about half a point. Capital takes refuge on German bunds, which show an ever-decreasing yield, at -0.46%. On the other hand, there are no repercussions on commodities such as gold which remains stable at 1800 dollars an ounce. Flat calm also for the euro, still at 1 and 18 against the dollar.