The fears for the new Covid variant and the slide in the price of oil cause the world stock exchanges to collapse and with them Piazza Affari: the Ftse Mib index closed down by 4.60% at 25,852 points, at the lows of the very hard day on the markets . Closing up at 129 basis points for the spread between BTP and German Bund, with the yield of the Italian ten-year at 0.92% on the secondary market. A real Black Friday for the markets, in a bad day in this case that did not even spare cryptocurrencies (with Bitcoin which after drops of more than 20% settled on a decline of about 8%). As mentioned, oil is very bad, with double-digit drops even below the 70 dollars a barrel.
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The titles that instead benefited from it
On the other hand, some stocks benefited from this very particular moment that can benefit from a health tightening and also from the lack of social relations in the presence: the case of the vaccine manufacturer Moderna, whose stock rose by more than 20% on Wall street, with Pfizer and the Zoom online conference group up about six percentage points. In Milan, on the other hand, among the large capitalization groups, the pharmaceutical Diasorin, in the front row of tests for the Covid detection, closed in strong contrast, which marked a final increase of over 5%. Among the shares, Tim held anyway, which closed the session in conjunction with the meeting of its Board of Directors reduced by 0.7% to 0.48 euros, just below the first price hypothesized by Kkr for a takeover bid.
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Europe ends in a slip
For the European markets, the closing of the week in line with the Black Friday of strong volatility on the lists. And so, the stock markets all stop heavily negative under the sell-off. The Dax 30 in Frankfurt lost 4.11% to 15,263 points. The Cac 40 in Paris also collapsed to minus 4.64% to 6,747 points. Black jersey for the Ibex 35 in Madrid which yields 5.08% to 8,392 points. London’s FTSE 100 fell 3.64% to 7,044 points.
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Wall Street closes negative
Wall Street closes negative. The Dow Jones loses 2.52% at 34,900.98 points, the Nasdaq drops 2.23% at 15,491.66 points while the S&P 500 leaves 2.26% at 4,595.01 points. For the S&P 500, this is the largest decline since February.
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Oil, there is a fear of a drop in demand with a new Covid variant
After the opening of trading on Wall Street, the collapse of the oil indices continues, with the WTI falling by 7.74% to 72.32 dollars a barrel, and Brent losing 6.82% to 76.61 dollars per barrel, in the wake of fears caused by the spread of the `Nu variant of Covid-19, which OPEC + is monitoring. The variant could in fact worsen the prospects of the oil market less than a week after the meeting (December 2) that will decide the new production policy. OPEC + is already increasing supply as the United States has decided to draw on strategic reserves to cool prices. However, a Reuters source said Russia, a key member of OPEC +, has not so far worried about the variant of the virus. Over the past few months, OPEC + has resisted US calls for more production to lower crude oil prices but the organization has gone on its way by adding 400,000 barrels a day every month since August.
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