(ANSA) – MILAN, 01 JUL – European stock exchanges return below par at mid-session, unable to rebound after yesterday’s thud, yet another seal of the worst semester since 2008, the year of the great financial crisis. The pan-European Dj Stoxx index drops 0.4%, close to the lows since February 2021, marked on 23 June last, while Piazza Affari, down 0.2%, corrects those since November 2020. Futures on Wall Street are also negative, which awaits the manufacturing index in June in the afternoon.
London drops 0.2%, Paris 0.04% and Frankfurt 0.08% while the new record of Eurozone inflation in June reinforces the scenario of an ECB rate hike of 0.5% in June . Government bonds start to run, with yields in the Eurozone turning down after the rises in the first part of the session, facilitated by the climate of risk aversion. That of the BTP falls by 6 basis points, to 3.18%, while the BTP Bund spread returns below 190, to 188 basis points.
The specter of recession knocks metal prices down on the London Stock Exchange, with copper slipping below $ 8,000 for the first time since February 2021, but it doesn’t stop oil from rebounding strongly (+ 2.2%) after a few negative sessions, with wti returning above 108 dollars a barrel and brent at 111.6 dollars. (HANDLE).
Source: Ansa
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