Bags in sharp decline for the new variant

2021-11-26T12:16:31.861Z

 It is one of the worst sessions of the year. A shower of sales linked to fears for the new variant of the virus identified in South Africa. Milan drops 3.13%. In the rest of Europe London and Frankfurt do better just under 3 percentage points, the worst Madrid (-3.80%). Travel, banking and energy are the most affected by declines. On the list of Piazza Affari, the black jersey is Unicredit (-6.51%), while in countertrend Telecom travel (+1.22) on the day of the Board of Directors grappling with the offer of the US fund KKr. Growth fears for Covid cause oil prices to collapse with Brent from the North Sea losing $ 5 a barrel to 77.35 in one day, almost 6% less than yesterday. On the other hand, gold as a safe haven asset rises with a price climbing to $ 1,812 per ounce.Positive notes instead come from government bonds with the yield on our ten-year BTP returning below one percentage point (0.98%), while the spread with German Bunds drops slightly to 129 basis points.