Stock markets in sharp decline, today, from Asia to Europe. At the opening, the Milan Ftse Mib index fell by -1.38 percent, after yesterday's + 0.5%. In the rest of Europe, London -1.48% per cent, Frankfurt -1.17%, Paris -1.91%. During the night, the biggest drop occurred in Hong Kong, of over 2 percent, a trend that is weighed down by the new decline in technology stocks, today in particular Alibaba. The declines, which started last night on Wall Street, were determined by the publication of the minutes of the meeting at the end of July of the Fed, the US central bank. The majority of his advisors would like to reduce purchases of securities, one of the main stimulus tools for the economy, as early as 2021. This is to extinguish the flare-up of inflation and because the growth targets of theoccupation. However, the picture is complicated by the resumption of infections due to the Delta variant. Yesterday, rising US oil inventories signaled a slowdown in consumption and North Sea Brent crude fell to $ 67.1 a barrel. The 40 stocks weighed in the basket of the Ftse Mib are all in red: the greatest decline is for Moncler, -3.2% (-8% in the last week), in line with the new decline in luxury in Europe. In Paris Kering -5.5%, Lvmh -5%. Also in evidence Stellantis, -1.72%: yesterday in the United States the fine of 30 million dollars was confirmed for the case of undue financing to the leaders of the United Auto Workers union between 2009 and 2016, by the then Fca.Yesterday, rising US oil inventories signaled a slowdown in consumption and North Sea Brent crude fell to $ 67.1 a barrel. The 40 stocks weighed in the basket of the Ftse Mib are all in red: the greatest decline is for Moncler, -3.2% (-8% in the last week), in line with the new decline in luxury in Europe. In Paris Kering -5.5%, Lvmh -5%. Also in evidence Stellantis, -1.72%: yesterday in the United States the fine of 30 million dollars was confirmed for the case of undue financing to the leaders of the United Auto Workers union between 2009 and 2016, by the then Fca.Yesterday, the rising US oil inventories signaled a slowdown in consumption and the North Sea Brent fell to $ 67.1 a barrel. The 40 stocks weighed in the basket of the Ftse Mib are all in red: the greatest decline is for Moncler, -3.2% (-8% in the last week), in line with the new decline in luxury in Europe. In Paris Kering -5.5%, Lvmh -5%. Also in evidence Stellantis, -1.72%: yesterday in the United States the fine of 30 million dollars was confirmed for the case of undue financing to the leaders of the United Auto Workers union between 2009 and 2016, by the then Fca.the biggest drop was for Moncler, -3.2% (-8% in the last week), in line with the new decline in luxury in Europe. In Paris Kering -5.5%, Lvmh -5%. Also in evidence Stellantis, -1.72%: yesterday in the United States the fine of 30 million dollars was confirmed for the case of undue financing to the leaders of the United Auto Workers union between 2009 and 2016, by the then Fca.the biggest drop was for Moncler, -3.2% (-8% in the last week), in line with the new decline in luxury in Europe. In Paris Kering -5.5%, Lvmh -5%. Also in evidence Stellantis, -1.72%: yesterday in the United States the fine of 30 million dollars was confirmed for the case of undue financing to the leaders of the United Auto Workers union between 2009 and 2016, by the then Fca.
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by Fabrizio Patti
19 August 2021
Stock
markets
in sharp decline, today, from Asia to Europe.
At the opening, the Milan Ftse Mib index fell by -1.38 percent, after yesterday's + 0.5%.
In the rest of Europe, London -1.48% per cent, Frankfurt -1.17%, Paris -1.91%.
During the night, the biggest drop occurred in Hong Kong, of over 2 percent, a trend that is weighed down by the new decline in technology stocks, today in particular Alibaba.
The declines, which started last night on Wall Street, were determined by the publication of the minutes of the meeting at the end of July of the Fed, the US central bank. The majority of his advisors would like to reduce purchases of securities, one of the main stimulus tools for the economy, as early as 2021. This is to extinguish the flare-up of inflation and because employment growth targets are considered close.
However, the picture is complicated by the resumption of infections due to the Delta variant. Yesterday, rising US oil inventories signaled a slowdown in consumption and North Sea Brent crude fell to $ 67.1 a barrel.
The 40 stocks weighed in the basket of the Ftse Mib are all in red: the greatest decline is for Moncler, -3.2% (-8% in the last week), in line with the new decline in luxury in Europe. In Paris Kering -5.5%, Lvmh -5%.
Also in evidence Stellantis, -1.72%: yesterday in the United States the fine of 30 million dollars was confirmed for the case of undue financing to the leaders of the United Auto Workers union between 2009 and 2016, by the then Fca.