MILANO – The winds of war onUkraine scare the stock exchanges around the world, with the markets preparing for a possible conflict. In a phone call with Ukrainian President Volodymyr Zelensky, US head of state Joe Biden assured yesterday that the United States, together with its allies, “will respond quickly and decisively” to an aggression by Vladimir Putin’s Russia. Europe begins the week by putting the reverse gear with the price lists that are immediately heavier from the first exchanges.
Milano loses 3.74%, London yields 2.12% Frankfurt 3.58% e Paris 3.52%. The tensions do not spare Asian exchanges, where all the main indices moved down and Tokyo closed at -2.23%. Hong Kong is also suffering, struggling with a new strong wave of Covid infections.
The crisis is being felt above all on gas and oil prices. In the morning, WTI crude oil soars to its highest levels for over 7 years, touching $ 95 per barrel while Brent listed in London registers a rise of 1.3% to reach $ 95.66.
Ukraine, the specter of the Russian invasion
by Gianluca Di Feo, edited by Paola Cipriani
Gas prices also rose sharply on fears of a sudden reduction in gas flows arriving from Russia. In Amsterdam, prices are up by 8.5% to 83.50 euros per MWH, after having registered an increase of + 12% to 88 euros. In London the price rises by 4.45% to 185.86 pence per Mmbtu.
Leap forward for him too spread. The differential between the BTP and the Bund stands at 171 points, compared to 165 points at the closing on Friday. According to Bloomberg surveys, this is the maximum since June 2020. The yield of the Italian ten-year is stable at 1.948%. Among the currencies, the euro is little moved against the dollar and stands at 1.1347 (-0.02%). The single currency is also stable against the yen at 130.9.