(ANSA) – MILAN, DEC 20 – The main European stock exchanges continue in red, after the declining opening of Wall Street, weighed down by growing fears of new movement restrictions due to the Covid 19 pandemic, in particular from the Omicron variant, as well as the US economic recovery plan. Crude oil lost (wti -5.3%) at 67.1 dollars a barrel and brent at 70.2 dollars. The euro against the dollar rises to 1.13. In Europe, the worst is Frankfurt (-1.9%), followed by London (-1.2%), Madrid (-1.1%), Paris (-1%). Milan was also bad (-1.9%), with the BTP-Bund spread of 130.1 points and the Italian ten-year yield at 0.92%. Gold fell slightly (-0.3%) to 1-791 dollars an ounce. The price of natural gas in Europe soars, with prices in Amsterdam (+ 7%) at 146.4 euros per MWh.
The area index, Stoxx 600, dropped by more than 1.5%. Heavy airlines, such as Ryanair (-3.5%) and Deutsche Lufthansa (-3.9%). Hotel restaurants and entertainment lost 2.8% overall. Luxury suffers, from Adidas (-3.5%) to Kering (-1.6% 9 and Lvmh (-0.4%), with exceptions such as Hermes (+ 0.8%). Energy is among the sectors most penalized, with decreases such as those of Technip (-4.5%), Bp (-3.9%), and Omv (-3.6%). Strong losses for paper packaging, especially for BillerudKorsnas (-9 , 7%) and Smurdit Kappa (-3.7%). Communication services (-1.8%) and real estate investments (-1.7%) are down. Almost all banks are in the red, with examples such as Fineco ( -2.3%) and Abn Amro (-2.2%), the same for pharmaceuticals, from Novo Nordisk (-10.6%) to Ipsen (-7.3%), with exceptions such as Vifor (+1 , 6%). Cars declined significantly, from Volvo (-3.9%) to Stellantis (-3.6%). (ANSA).
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Source From: Ansa
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