(ANSA) – MILAN, FEBRUARY 24 – The Russian attack on Ukraine, as expected, is also having its effects felt on the European stock markets, all of which are falling sharply. London lost 2.3%, Frankfurt 3.3%, Paris 3%, Madrid 2.7%. In line with the other lists, Milan, which drops 3.1%. Sales are generalized, with the sectoral indices of financial stocks (-3.5%) and technology (-3.6%) registering the most significant drops.
In Moscow, trading is still suspended after the Moscow price list has lost up to 28.8%, the worst decline in its history, costing Russian investors 180 billion dollars of burnt capitalization. In New York, futures are down 2% for the Dow Jones and S&P 500 and 2.5% for the Nasdaq.
The war inflames the prices of energy and raw materials, with the risk of further fueling the inflation race: oil leaps by 5.6%, with the European (Brent), which breaks through 100 dollars a barrel (now at 102.46) and the American one (WTI) which exceeds 97. Gas flies, up 25% to 111 euros per megawatt hour on the Amsterdam market. Food prices are also racing, with corn and wheat up by more than 5%.
Investors’ flight from risk pushes assets traditionally considered safe-haven assets: Gold rose 2.5% to $ 1,942 an ounce while US treasuries lead government bond yields decline, down 8, 2 basis points, at 1.91%. The yield on the Italian 10-year fell by 4.5 basis points, to 1.89%, while the spread with the German bund is little moved, at 172. (ANSA).
Source: Ansa
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