Advertisement
NewsScience

Stock markets: oil and energy stocks down in China

Advertisement

The excesses of the anti-Covid protests influenced the markets and had negative effects on the area’s stock markets . Hong Kong had opened down -4% and then closed at -1.57%. In November, the Hang Seng index had seen a recovery. The balance for the month is still +17%, the decrease of 26% since the beginning of the year. Since the beginning of the year, the Milan stock exchange has dropped by only 10%. Tensions in China have contributed to aggravating European markets. Milan’s Ftse Mib closed with a drop of 1.12%. London -0.16%, Frankfurt -1.06%, Paris -0.70% also fell. In the United States -0.8% for both the Dow Jones index and the Nasdaq of technology stocks.

 

The greatest fear is the drop in oil : Brent is trading at 82.95 dollars a barrel. Gas, on the other hand, was stable, the December future is traded at 122.7 euros per megawatt hour, -1.3% compared to the days before. Greater increases for Iveco Group (+1.47%), greater decreases for Tenaris (2.72%), Saipem (3.32%) and Eni (-1.96%) for the energy sector. Another major fear is that inflation in the Eurozone will rise even more, beyond expectations. The reaction was seen above all on the yield of the ten-year Italian BTP, +6 basis points, at 3.91%. The Btp/Bund spread rises to 192 basis points (+4 basis points).

  • Negative stock markets, protests in China weigh Oil and energy stocks down (rainews.it)

Advertisement

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button