Concerns driving investors to the security of bonds it’s at reduce the demand for oil
Sell-off on the stock markets of the Old Continent. After Asia, even Europe is immediately knocked out with the South African variant: Piazza Affari makes -3% with the cyclicals that are priceless to the sound of the bell. A black day is expected for world markets. There South African variant, new variant of the COVID-19 it first sank the Asian stock exchanges and caused oil prices to slide. Operators fear it may be more contagious than the Delta and more resistant to vaccines and can inflict a severe blow to the still fragile global recovery.
Concerns driving investors to the security of bonds it’s at reduce the demand for oil for fear of new restrictions to national economies. Asian financial markets register the largest decline in three months. In Tokyo, the Nikkei index closed down 2.53% at 28,751.62 points. In Hong Kong, the index Hang Seng drops 2.34%, Shanghai loses 0.48% and Seoul leaves 1.42% on the ground.
In Europe, London leaves almost 3.31% on the ground, Paris is -3.79%, Frankfurt -3.17%, London -3.31%. Among the stocks on the Milanese list, Exor and Moncler in volatility. Saipem, linked to the crude oil business, collapsed by 8%. Banks are also bad including Bper (-4.43%), Banco Bpm (-4.77%), Intesa-Sanpaolo (-4.11%), Mediobanca (-2.73%), Unicredit (-1.55%), Mps (-12.15%, PopSondrio (-3.11%), Carige (-4.05%). Down the car, with Stellantis at -4.4%. The freshman Ariston is saved and starts trading at -0.2%. In Piazza Affari, only the pharma is saved with Diasorin which instead rises by 3%.
Today the American markets, closed yesterday for Thanksgiving, will reopen but at reduced hours for the weekend. And a high-tension session promises to be. THE future on the Dow Jones yield 1.34%, those on the Nasdaq fall by 0.69% and those on the S & P500 mark -1.13%.
Oil prices on Asian markets also fell sharply. THE future on WTI crude oil they lost 3.19% to 75.89 dollars a barrel while those on Brent left 2.58% on the ground at 80.10 dollars a barrel. To weigh are the fears of a surplus of global offer in the first quarter following a coordinated release of crude oil reserves among major consumer countries, coordinated by the United States, and concerns about the effects of the new Covid-19 variant.
OPEC has warned that the release of crude oil reserves decided by the US in coordination with China, India, South Korea, Japan and Great Britain, will increase the already forecast oil surplus on the market by 1.1 million barrels per day in 2022. Meanwhile, some members of the oil cartel have reported that the release of strategic reserves could lead the coalition to hold back its crude oil supply in January. On the currency markets, the single currency strengthens against the dollar at 1.124 (from 1.121 dollars yesterday at the close) and is also worth 128.37 yen (from 129.3 yen) while the dollar-yen is equal to 114.2 (from 115.35).
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