Italian stocks crushed as risk jitters reverberate in Europe

5
(1)
The hot topic in Europe right now is the rise in fragmentation risks and how the ECB is letting that slide – at least for now – with the central bank likely to struggle to find a solution as it prepares to raise rates for the first time in over a decade in July.

Italian bond yields have jumped since the ECB policy decision yesterday and the selloff is hitting local stocks – banks in particular – rather hard again today. A look at the FTSE MIB daily chart:

The drag isn’t just being confined to Italy as other European indices are also tumbling again today. Here’s a glance of how the others are performing:

  • Eurostoxx -1.4%
  • Germany DAX -1.5%
  • France CAC 40 -1.5%
  • UK FTSE -1.3%
  • Spain IBEX -2.0%

The euro is barely hanging on in there with EUR/USD down 0.2% to 1.0595 at the moment as the technicals are looking a bit shaky.

This article was written by Justin Low at www.forexlive.com.

Go to Forexlive

Wie hilfreich war dieser Beitrag?

Klicke auf die Sterne um zu bewerten!

Durchschnittliche Bewertung 5 / 5. Anzahl Bewertungen: 1

Bisher keine Bewertungen! Sei der Erste, der diesen Beitrag bewertet.

Es tut uns leid, dass der Beitrag für dich nicht hilfreich war!

Lasse uns diesen Beitrag verbessern!

Wie können wir diesen Beitrag verbessern?