The dollar strengthens to its maximum since 2020, banks collapse: in Milan the sector index drops by more than 10%. S&P downgrades Moscow again, the market prices the probable default risk at 67%. Ruble devalued by 40% since mid-February
by Vito Lops
Black Friday for the European stock exchanges, to close a pitch dark week. On average, the continental lists lost 4.7% in the last session (10% during the week). Piazza Affari, the most exposed to the financial sector, was the last wheel of the wagon with a -6.24% of the day which brings the weekly loss to -12.84% and -17.85% that from the beginning of the year. Frankfurt, with that -17.57% of this first part of 2022 (to which the -4.41 yesterday contributed) is equally close to the fateful …
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