Weak stock exchanges due to the pandemic and inflation

2021-12-02T12:43:04.179Z

The drops for the European stock exchanges are back, which in the middle of the session again lose altitude after having managed to sail on less unstable values ​​in the morning. Milan falls by 1.32%, Paris by 1.07%, Frankfurt by 1.33%, London by 0.74%. The arrival of the Omicron variant of Covid-19 in the United States (with the first case in California) has rekindled fears about the spread of the virus, while in Europe in various countries there is discussion about making vaccination mandatory and the President of the European Commission Ursula von der Leyen spoke yesterday of "a race against time". Then there is the apprehension about the trend of inflation, the flare-ups of which are reported in various economic areas. And also on the employment front, pending American data on initial subsidy applications,no news has arrived capable of reversing the direction of the markets: in Italy, Istat certified an increase in the unemployment rate to 9.4%, while in the Eurozone the figure improved to 7.3% in October. The spread between BTP and Bund is at 135 basis points on the same level as yesterday, while the euro changes against the dollar at 1.13 and 40.