Evergrande chaos and waiting for central banks knock out European stock exchanges

Evergrande chaos and waiting for central banks knock out European stock exchanges
Evergrande chaos and waiting for central banks knock out European stock exchanges

(Il Sole 24 Ore Radiocor) – The turbulence on the Asian markets, worried about the crisis of the Chinese real estate giant Evergrande, and the wait for the leaders of the central banks scheduled during the week on both sides of the Atlantic penalize the European stock markets, which open the week in the red.

The decline in the FTSE MIB was heavy, in line with that of the main continental indices: strong sales also on the DAX 30 in Frankfurt and the CAC 40 in Paris.

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In Milan, the Eni and Stmicroelectron coupons are detached, with a weight on the index of 0.27 per cent. In a session characterized by the closure of many Asian markets for holidays (including Tokyo and Shanghai), the attention of operators is turned to Hong Kong, where the Hang Seng index closed today’s session down 3.3% , affected by Evergrande’s -10.24%, at its lowest in over 11 years, and the prospect that the Beijing government could extend the regulatory squeeze to the real estate sector. The Sydney stock exchange in Australia closed 2.1% down, while the MSCI index of Asian markets (excluding Tokyo) fell to a one-month low.

Among the stocks on Piazza Affari, Diasorin remains just below parity in an all-red main basket. Weak banks, with Banca Pop Er and Unicredit, as well as big industrialists such as Stellantis, in an auto sector in fibrillation for the new US survey on airbags, Cnh Industrial and Tenaris.

FTSE Mib stock market trend

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The start of the week was negative for European stock exchanges after the session on Friday 17 September was two-sided for Piazza Affari and the other continental lists. After an early part of the day with a good rise, sales gradually took over, also thanks to the negative start of Wall Street combined with the technical shocks due to the four witches (the quarterly expirations of futures and options) and the European inflation above. forecasts in August (3%).

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Evergrande chaos waiting central banks knock European stock exchanges

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