(ANSA) – MILAN, 02 AUG – European stock exchanges are worsening as tension between China and the US rises due to the visit to Taiwan by the speaker of the House, Nancy Pelosi, who adds a new hotbed of crisis to an already complex macro and geopolitical framework.
Milan lost 1.1%, black jersey in the Old Continent ahead of Frankfurt (-0.8%), Paris (-0.6%) and London (-0.2%) while in New York the futures on Wall Street, with the Nasdaq down 1%. The risk aversion picture also penalizes the BTPs, which see the spread with the Bund widening to 224 points while the yield remains at 2.95%.
Growth fears, after yesterday’s disappointing PMI manufacturing data, penalized oil, with WTI down to $ 93 a barrel and Brent down to $ 99 on the eve of the OPEC + meeting. On the other hand, the gas rush in Amsterdam does not stop (+ 2.7% to 206.2 euros), on the uncertainties of a further squeeze on Russian flows.
In Piazza Affari, Saipem (-3.8%), Diasorin and Amplifon (-2.8%) lead the decreases, Generali drops 1.6% despite better than expected accounts, paying for the erosion of the solvency ratio. Mps down (-2.7%) despite the EU’s okay to the extension for the Treasury’s exit from the capital. Moncler (-2.8%), Interpump (-2.7%) and Ferrari (-2%) also sold, with the Rossa waiting for the accounts. On the other hand, Iveco (+ 1.2%) and Tim (+ 1%) did well. (HANDLE).
Source: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
