European stocks fall after weak start. Wall Street, oil prices still rise

2021-10-18T14:15:18.043Z

European stocks in deep red after disappointing data on economic recovery in China released in the morning. In Milan, the Ftse Mib index lost 1.04%, also weighed down by the detachment of the coupons of some important companies; drops between 6 and 8 tenths of a point for the other main price lists. Weak opening also for Wall Street, with the Dow Jones index down 0.37% and the Nasdaq just above parity, at + 0.04%. While the run of the oil price continues: Brent is now a step away from 85 and a half dollars a barrel, a level that has not touched since October 2018, with an increase of 69% compared to the beginning of the year. The difficulties of OPEC, the largest organization of crude oil producing countries, are weighing heavily in maintaining the pace of the increase in production in line with the monthly target - 400.000 more barrels per day - mainly due to plant problems in Angola and Nigeria. On the other hand, the price of natural gas fell sharply for the second consecutive session, falling to $ 5.137 per million thermal units, more than 5% less than the closing date on Friday.