MILAN – dramatic night and Black Friday for the international markets with the Brexit victory that will lead Britain out of the EU. In a single day, Europe has burned 411 billion euro. In the morning in Milan manages to make money only Recordati that quickly lose 9%. And ‘the prelude to the worst seat of the Milan Stock Exchange closes at -12.48%, burning 61 billion returning to the lowest since 2013: it is the largest loss since it is possible to reconstruct in reverse the trend, since 1994. After the crash Lehman’s FTSE Mib marked a collapse dell’8,24% October 6, 2008, and September 11, 2001 had lost 7.57%.
to pay the greater brunt are banks that only barely manage to make money: when BPM opens the theoretical red is 35%, then retraces, but sales are heavy and more than 20% as Unicredit and Intesa Sanpaolo. To be on your knees is the entire European banking sector. Frankfurt lost 6.82% worse than London (-3.15%), but better than Paris (-8.04%). Brexit
effect even on Wall Street: when European markets closed, the Dow Jones lost 2.6% and the Nasdaq 2.7%. In deep red also the S & amp; P500 which yields 3.1% after posting the worst opening since 1986.
In the morning Tokyo lost 7.92% by storing the worst sitting accident nuclear Fukishima. To avoid damage maggiorni, Japan has decided the application of ‘circuit breaker’, a device that inhibits the input features and changes to orders, limiting the downside too high. A mechanism that could be also used by Italian Stock Exchange that it would be ready to narrow down his fork of the securities fluctuation, to contain the flow of sales.
A terrorize analysts is also the troubled path that will sanction the divorce between London and Brussels because they need at least two years of negotiations that will power only the uncertainties. “Brexit may be the new Lehman” says Vincenzo Longo, an analyst at IG Markets. The experts hope a divorce that would minimize the economic damage to all those who will suffer the impact of Brexit. “Britain will suffer but I’m sure you still focus more now on the competitiveness of its economy towards the EU and the world at large” says Tom Enders, CEO of the European aviation group Airbus Group.
suffering is mainly the currencies with the pound after a triumphant initial launch in the wake of the polls (sprint to the highest since 2015, touching the $ 1.50), it collapsed in the night as they arrived the advantage of data “leave” from the EU, marking a decline of 8% against the dollar and closed at 1.36 after arriving at 1.32 stake: a collapse that exceeded that of 1985. the fluctuations of the pound will go in the archives as the strongest always. The loss on the day of the referendum had already surpassed that of the “Black Wednesday” in 1992, when the currency crisis pushed Britain out of the European Monetary System. The euro closed down at $ 1.1124 and 113.28: purchases will then focus on the Japanese currency, safe haven that changed hands at 102.01 share on the greenback after reaching a maximum from November 2013 to 99 yen .
Now the attention is directed towards the central banks. Haruhiko Kuroda, number one of the Boj, the Japanese bank, has assured that it will work closely with other central governors to stabilize markets. In particular, the bankers are thinking of using – as happened during the 2008 crisis – a “currency swap” agreement that would allow the central banks to stock up dollars at the Federal Reserve while retaining unchanged the rate of exchange at the time the transaction is closed: in this way the oscilazzione currency would be limited. the Bank of England intervened explaining that will do “everything necessary to ensure market stability.”
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