The Ukrainian crisis scares Bags Wall Street collapses and fly money … – The Republic

The Ukrainian crisis scares Bags Wall Street collapses and fly money … – The Republic

The conciliatory speech of President Putin is refuted by the clashes on the border between the two countries. The Dow Jones has lost one percentage point in a few minutes, and the index WTI crude oil splashes upward

LUCA PAGNI

MILAN – The Ukrainian crisis scares once again the world stock markets. Despite assurances from Vladimir Putin, who in a speech in Yalta has ensured that Russia does not want an armed confrontation, the facts have proved him wrong on the Russian leader. And it was enough to spread – in mid-afternoon – the news of armed clashes on the border between the troops and convoys of Kiev Russians who, surprisingly, have boundless, to bring down the prices on Wall Street.

L ‘Dow Jones – who had also decided to open upward, has fallen by almost one percentage point in the space of a few minutes. As a further consequence, the WTI and Brent, respectively, the reference indices for oil in America and in Europe, have recovered more than a dollar on the prices of the previous day.

The European stock exchanges that also were gaining On average, around one percentage point abruptly reversed course and closed well below parity, with the exception of London. They are also saved in Milan and Madrid, but only because their bags were closed for the holidays from August, observed only in Italy and Spain. Frankfurt was the worst (as is often the case in recent weeks, a decrease of 1.44%. Paris left on the ground as well as Zurich 0.74% (-0.75%). arriving in London you save on equality (-0.06%),

while the Eurostox50 – the index of the fifty most highly capitalized companies in the eurozone, has lost 0.81%.

However, the lists of the Old Continent had greeted the ‘last session of the week with optimism. Accomplice proper closure of Wall Street the previous evening (+ 0.37%) and more than positive performance of Asian markets, with Hong Kong that has touched a new high of last five years.

The assurances of Putin on Russia will not seek armed confrontation and the possibility of intervention by the ECB to support the economy in the eurozone, have pushed European markets from the outset ‘ opening of trading. then the cold shower of clashes in the Russian-Ukrainian border, with a lot of encroachment of armored vehicles in Moscow and the protests of the international community with the sudden collapse of quotaioni of all the lists that are currently open.

The intensification of military confrontation now could make it even more complex macro-economic situation of the EU. The data are all negative. The sick man is Italy, technically back in recession after as little as 0.2% of GDP in the last quarter. But France and Germany do not fare better. Germany in June, advancing by 0.2%, after -1.5% in May, registering 0.4% on the year. France grows by 1.4% on the month, after -1.3% in May, remaining unchanged on the year. Spain in June record is -0.8% after -0.8 in May, scoring 0.5% on the year. In contrast only the “small” Portugal.

The ECB has guaranteed that will implement “unconventional weapons” to use the words of a number Eurotower Mario Draghi, which could put the economy . Even if the fight is always the same. The Germans are reluctant to create debt and to promote maneuvers such as those used by the Federal Reserve, the central bank the United States, which has spent up to $ 80 billion a month to buy government bonds to support the economy. And France could persuade Germany, did not appear to intend to break the political-economic alliance that is dominating the Eurozone.
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