Home Sports European stock exchanges at peak, Milan burns over 21 billion. Wall Street thud – Economy

European stock exchanges at peak, Milan burns over 21 billion. Wall Street thud – Economy

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European stock exchanges at peak, Milan burns over 21 billion.  Wall Street thud – Economy

New York June 16, 2022 – Thud of Wall Street and of European stock exchanges for fear that the Fed squeeze against inflation (maxi-rate hike of 0.75%, the largest since 1994 to cope with inflation that jumped to 8.6% in May, ed) brings the United States into recession, with repercussions on the markets global. The specter of recession cancels Tuesday’s rebound, so European financial markets close sharply and see go 233 billion in smoke while Wall Street records losses of up to 4%.

Wall Street closed in the red, the Dow Jones index lost 2.41% with 29,927.07 points, the S&P 500 closed at -3.14% with 3,671.10 and the Nasdaq collapsed to -4.08% with 10,646.10, came after a day of heavy losses on the lists.

In Europe the black jersey went to Milan: at the end, the Ftse Mib index recorded -3.32% to 21,726 points, while the Ftse Italia All Share dropped 3.23% to 23,742 points. Ftse Star is also down, leaving 3.29% on the ground at 44.164 points. Piazza Affari thus burned over 21 billion.

Frankfurt follows, which lost 3.31%, weighed down by tensions on German government bonds, which grew by 20 basis points, so much so that the spread between 10-year BTPs and Bunds fell to 204 points with the 10-year yield at 3. , 73%. In Europe, almost all markets close at three-month lows.

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