The European stock markets continue heavy, in the wake of the closure of Wall Street and the Asian markets. The collapse of US banks, with fears for the failure of the Silicon Valley Bank, has frightened the markets, which continue to decline sharply. Government bond yields are also down while the next moves are awaited
central banks. There is anticipation for data on the US labor market.
On the currency front, the euro rose to 1.0588 against the dollar. The Stoxx 600 area index dropped 1.6%. The main lists of the Old Continent are weighed down by banks (-4.3%). Among the shares in sharp decline Barclays (-6%), Commerzbank (-5.4%), Societe Generale (-5.3%) and Banco Santander (-5%).
Among the equity sectors in sharp decline also the technological sector (-2%) and cars (-2.4%). Energy is also bad (-1.5%), with the price of oil decreasing. Wti fell by 1.1% to 74.88 dollars a barrel and Brent by 0.9% to 80.89 dollars. Tlc and pharmaceuticals were also weak (-0.7%). Utilities (+0.1%) went against the trend, with the price of gas on the rise. In Amsterdam, prices rose by 7.7% to 46.96 dollars per megawatt hour. Among metals, gold rose to 1,835 dollars an ounce (+1%) while silver showed little change at 20.13 dollars.
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