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It’s one of those days to forget for the financial markets. The exchanges worldwide are literally collapsed after the victory of the referendum on Leave Brexit. For the European markets Brexit has resulted in well 637 billion to EUR burned in one day. Not only. The pound has been plummeting, gold has returned to record levels, oil has sunk and the spread has shot up to 190 points to settle back down at an altitude of 160. In short, a disaster. The “sell-off” is the order to sell everything was staged yesterday on the price lists after a series of sharp movements in recent weeks, in preparation for the election. After the jump at 17,966 points on Thursday when you bet on the “Remain” in Britain, yesterday the Ftse Mib the main index in Milan lost 12.48% to 15,723 points, returning to the lows seen last time in July 2013. They went up in smoke 61 billion. For the Milan Stock Exchange, this was the largest decline ever since 1998, according to the Italian stock exchange data, the two worst collapses were 8% and 7%, in 2008, with the economic crisis. Today is even worse than that of 2001, after September 11, when Milan had lost 6.62%. It is no coincidence, however, that the most affected bags were, besides that of Athens, those of Spain and Italy. It is in these countries that there are greater risks of political uncertainty: in the case of Madrid (-12.35% after the session), in two days you come back to vote, after the December elections, to try to ensure the governability country and in the Italian case there is an important referendum in October, which could affect the political framework of the country. The collapse of the stock market was, however, widespread. London lost after the session 3.15% to 6,138 points, Frankfurt has slipped by 6.8% to 9,557 points. Paris closed with -8.04% and -5.7% in Amsterdam. A pay have been especially bank stocks, in Milan and across the rest of Europe (BNP and Santander -17% -19.8%). Ftse Mib on the black jersey is two popular: Bper gives 24.6%, 24.2% BPM. Similar losses for Unicredit (-23.7%), Banco Popolare (-23.3%), Intesa Sp (-22.9%) and Ubi Bank (-20.6%). But strong sales have spared no title: Mediaset sold 17.17%, General 16.7%, 16.6% and Telecom Fca 9.3%. The financial report is to a tsunami that has displaced all markets. A debacle that began at dawn yesterday because the polls in the last hours of the night of Wednesday, still gave a chance to the front of the ‘Remain’ to get the better of that of the “Leave.” For this Asian stocks had started the trading day with optimism. But the air is changed quickly and well before the news was finally made official all European financial centers of the world have made an abrupt U-turn: the only Tokyo has come to lose up to more than 8%. On the currency markets, sterling has had a collapse of 10%, by far the stronger than the “Black Wednesday” in 1992, when Britain came out of the European Monetary Snake. The British bank NatWest, owned by Royal Bank of Scotland, has suspended the pound-euro purchase. He recently earned him the statements of Governor of the Bank of England Mark Carney that the institute will not hesitate to take additional measures and is ready to provide extra funds to 250 billion pounds. Even the European Central Bank said it was ready to inject liquidity “in euro and other currencies” to cope with the repercussions of Brexit, announced the Eurotower. But panic least yesterday won.
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