End of the rebound at the beginning of the week for European stock exchanges.
Yesterday + 3.42% for Piazza Affari, today in the middle of the session -2.06%.
In the rest of Europe, a decrease of 1.40% for London, 0.90% for Frankfurt and Paris.
According to many analysts, the rebound at the beginning of the week was due to a series of negative data coming from the real economy and to investors' expectations that central banks could slow the pace of rate hikes.
Today, however, the decline in stock exchanges is accompanied by new downward data on the real economy: the Pmi Servizi index in the Eurozone fell from 49.8 to 48.8, in Italy from 50.5 to 48.8, in both cases below 50, the boundary between contraction and growth.
Also in the United States yesterday second day of rise (Dow Jones + 2.80%, Nasdaq + 3.34%) and today futures down by about one percentage point.
While in Asia the climb continued even tonight.
On the energy front, the reaction to the news of the resumption of gas supplies through Tarvisio was wavering: the price, which had started rising to 166 euros per megawatt hour, dropped to 157 euros, before rising to 165 euros.
Brent crude is back above 91 dollars a barrel.
Today Opec Plus meets in Vienna and rumors speak of a reduction in production of one or two million barrels per day.
The prospect of a lesser tightening on rates has also brought down government bond yields: -18 basis points yesterday for the Italian 10-year BTP.
Today yield is up by 15 basis points, to 4.32%, BTP / Bund spread up by 5 basis points to 237.
The Twitter stock was also in the spotlight: + 22% last night, after the company confirmed that Elon Musk, Tesla's number one, re-proposed the offer already presented in April for the social network.
Offer of $ 44 billion, worth $ 54.20 per share.
The market seems to believe this because the price has already reached $ 52.
In July the offer was withdrawn because Musk had questioned the number of bots in relation to the real users of the social network.
A lawsuit followed, which is ongoing