(ANSA) – MILAN, June 30 – European stock exchanges widen the decline after the negative start of Wall Street. The markets are extremely nervous after the Fed chairman’s recent statements on moves to counter inflation and the words of the ECB supervisory chief on hip dividends. On the currency front, the euro is down slightly against the dollar to 1.0414 in London.
The stoxx 600 area index drops 2%, starting to mark the worst half year since 2008. Heavy Milan (-3%), Paris and Frankfurt (-2.7%), London (-2.5%) and Madrid (-2.2%). The lists are ballasted by the banks and the technology sector (-3.3%).
Utilities also hurt (-2.8%) with the price of gas continuing to rise. In Amsterdam, prices are up by 3.4% to 145 euros per MWh.
Difficult session also for energy (-1.6%), with the price of oil falling after the OPEC + meeting. The WTI drops by 1.7% to 107 dollars a barrel while Brent drops 0.9% to 115 dollars.
Government bond yields fell sharply. The spread between BTPs and Bunds stood at 190 basis points, with the Italian 10-year rate at 3.29%. The rates of ten-year bonds of the ‘peripheral’ countries also fell with the Spanish one at 2.45% and the Greek one at 3.6%. (HANDLE).
Source: Ansa
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