(ANSA) – MILAN, JUN 16 – The lack of confidence of the markets in the measures of the ECB and the fear that the United States will enter a phase of recession in order to fight inflation, are once again destroying the markets.
After yesterday’s attempted rebound, the Amsterdam Stock Exchange in fact lost 3.4%, with Milan, Paris and Frankfurt down by three percentage points. London loses 2.4% after the Bank of England hike in interest rates, with Madrid down 1.5%, while Moscow is up between one and two percentage points.
Government bonds are also under pressure, in this case with the tension that affects all European countries, France and Germany in the lead. Sales are very strong on 5-year bonds while the 10-year BTP yield, also used as a reference by the spread that moves quite contained at 211, touched the psychological threshold of 4% during the session and is currently at 3.95%.
The unilateral cut in supplies from Russia is causing the price of gas to rise again, which in Europe rises by 20% to 146 euros per megawatt hour, exceeding an overall increase of 70% in the last three days. The euro was down by 0.2% and struggled to keep 1.04 against the dollar, while futures on the start of Wall Street still fell by more than two percentage points.
In Piazza Affari, Poste, Eni, Stellantis and Mediobanca lost more than 4% of the main stocks, while Saipem went against the current with an increase of more than three points. (HANDLE).
Source: Ansa
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