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by Marzio Quaglino
November 26, 2021Start-up in sharp decline for the European indices.
The new variant of the virus identified in South Africa and the escalating closures to contain the pandemic are alarming investors.
Milan lost 2.91% in line with London and Frankfurt, while Paris and Madrid show a decline of more than 3 percentage points.
Among the major stocks on the list, the worst is Unicredit (-4.93%).
Telecom travels against the trend (+ 0.89%) on the day of the Board of Directors dealing with the offer of the US fund KKr.
Complicated debut for the new Ariston stock exchange student who scores -3.26%.
Growth fears for Covid push oil prices down to $ 78 and a half, 4.45% lower than yesterday.
On the other hand, gold as a safe haven asset rises with a price that returns to $ 1,800 an ounce.
Positive notes instead come from government bonds with the yield on our ten-year BTP returning below one percentage point, while the spread with German Bunds remains stable at 130 basis points.