The European stock exchanges are trying to rebound today, after the black Monday, which saw the main markets of the Old Continent close in red ( Piazza Affari at -4.02% , with not even one stock rising).
In a single session, 390 billion of capitalization were lost, while Wall Street, after the heavy losses of the day, recovered in the last hour of transactions, with the Dow Jones at + 0.29% and the Nasdaq 100 at +0, 49%.
At the base of the negative European performances there are geopolitical and economic reasons: on the one hand the Ukrainian crisis , with the risks of a conflict that remain high given the wall against wall between Washington and Moscow, on the other the waiting for the decisions of the Federal Reserve - the US Central Bank - which could announce a rate hike for next March and start a budget tightening (the ECB has instead ruled out possible interventions in the short term).
The markets are also affected by energy prices: the cost of gas (that used in Europe comes mainly from Russia) yesterday increased by 12%, reaching almost 90 euros per megawatt / hour, while oil prices fell by about 3%.
In addition to this, Italy is experiencing a situation of internal uncertainty for the election of the President of the Republic , with the markets worried about the future of Prime Minister Mario Draghi.
The start of the European stock exchanges today is positive: Milan, after an initial rise of 1.2%, is settling at around + 0.32%, held back by the negative performance of Leonardo -4.72% after the news of the launch of an investigation in Kuwait on the Eurofighter maxi-order.
The other markets are better: in Frankfurt the Dax 30 rises by 0.71%, in Paris the Cac40 rises by 0.98%, while London the Ftse 100 gains 0.80%.
(Unioneonline / F)
