Monday, August 24, 2015

Black Monday: Milan Stock -6%, Wall Street -3.9% – Il Sole 24 Ore

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This entry was posted on August 24, 2015 at 8:23.
The last change is the August 24, 2015 at 22:51.

It’s really a black Monday that the world stock markets. The origin of sales, once again, the collapse of Shanghai. The Chinese stock index lost 8.45% today, after falling 11% last week. Markets have traveled in heavy downward all day and worsened after the opening of Wall Street heavy – Milan came to yield more than 7% – before recovering from the lows. The FTSE MIB index closed at a loss of 5.96% to 20,450 points, lowest level since mid-February (Go video analysis on Black Monday and that on the estimates of analysts). Days as dramatic for the index in Milan not seen from November 2011, in the midst of fear for the risk Italy. Wall Street, which during the day had recovered significantly from the lows of the opening pushing on almost equal, closed with a net -3.55% to 15,874.82 points for the Dow, while the Nasdaq has given 3.82 % to 4,526.25 points and the S & amp; P 500 left on the ground 3.9% to 1,893 points.

The worst securities
The thud of Tenaris (-9.6%) and Eni (-7.98%), the most disadvantaged of the FTSE MIB, is the indicator of another day high voltage for the oil sector as crude oil in New York stood at $ 38.75 per barrel (-4.2%). Fiat Chrysler down by 7.7%. On the currency market, the euro jumped back at the highest since January against the dollar: 1.1586 marks the change in closure of continental squares after touching even 1.17 (1.1386 Friday ‘). Oil slips again and is trading at $ 38.9 per barrel, lows last six and half years ago.

Other European markets
In closing, Frankfurt yields 4.7% and negative leads in the overall budget year to date. So does Madrid, which now moves back 5% while Paris and Lisbon (respectively -5.3% and -5.8%) still retain a net year to date increased slightly. Outside the eurozone, Zurich pays a decline of 3.7%, London’s 4.67%. The Athens Stock Exchange, already confused last week by the resignation of Prime Minister Alexis Tsipras, recorded a fall of 10.5%.

The collapse of China
After a leap year to date to June, Shanghai collapsed quickly eliminating all the gains despite the measures implemented by the government. The Shanghai Stock Exchange on Monday lost 8.45% to 3,211.21, dragging all Asian markets. The Hang Seng China Enterprises Index lost 6.7 percent, the worst performance since 2009. The index Taiex in Taiwan sold 7.5 percent.

Tokyo down -4.61%
The fears about the financial markets and the economy of China and the weakening of the dollar against the yen, around 120, sinking the Tokyo Stock Exchange that gives 4.61%, near the intraday low of almost 5%. The Nikkei index burns 895.15 points and down to below 19,000 for the first time since mid-March, up to 18.540,68.I lists of Tokyo have accused the biggest drop in more than two years in the wake of the fears about the increasingly serious prospects of the global economy with the difficulties of China, where the stock markets continue to experience setbacks pure between the attempts of the authorities to curb the “panic selling”. The thud of Tokyo is the worst since June 2013 and the following – cumulative 5.3% last week.



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