MILANO – The attack of Israel all’Iran it causes concern in the markets. The Asian stock markets all felt the pinch with Tokyo leaving 2.66% on the ground. Tension also in Europe, with European futures all trending sharply downwards.
The military offensive also has inevitable repercussions onenergy. Oil jumped by more than three percentage points overnight, still remaining below 90 dollars. Maxi increase also for the gas, which jumps above 33 euros per megawatt hour. Here, analysts’ fear is linked to Iran’s possible closure of the Strait of Hormuzthrough which 20% of commercial LNG traffic passes.
The attack also has direct repercussions on Israel, with Standard & Poor’s which cut the country’s rating to A+, with a negative outlook. S&P itself will update its rating on our country this evening, confirmed in October at BBB, two steps above the junk level, with a stable outlook.
European stock markets fall at the start
Declining opening for Piazza Affari. In early trading the Ftse mib recorded -0.84%. The other European stock markets also performed poorly. The Dax in Frankfurt loses 0.96%, the Cac40 in Paris loses 0.65% and in London the Ftse 100 falls by 0.37%.
The spread opens slightly higher
The spread between BTPs and Bunds opens slightly higher at 143 points, compared to 142 the day before. The yield on the Italian 10-year bond fell by 5 basis points to 3.86 percent.
China, first anti-dumping measures on US duties
Beijing has announced an anti-dumping action against imports of propionic acid, used as a preservative additive, from the USA after “an investigation found that American dumping caused damage to the Chinese industry”. Starting Saturday, “importers will be required to make cash deposits for related US exports at Chinese customs,” a Commerce Ministry memo said in the first retaliation after Washington’s latest measures on Chinese companies and the President Joe Biden’s proposal to triple tariffs on steel and aluminum made in China
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– 2024-04-19 07:46:00
