Piazza Affari in decline with Europe, Tokyo and Seoul nosediving in the wake of Wall Street

Widely negative start for the Milan Stock Exchange: the first Ftse Mib index marks a decline of 1.68%, the Ftse All share a decline of 1.63%.

During trading, Piazza Affari reduced the start by a few fractions: the Ftse Mib index lost 1% in line with the Paris Stock Exchange, while London and Frankfurt lost around one and a half percentage points. The BTP-Bund spread is calm at 108 basis points, with the euro weak (-0.2%) against the dollar at 1.118.

In the energy sector, after an upward start, gas fell by 2% to 88.4 euros per megawatt hour, while oil in New York lost a few fractions of a point to 90 dollars a barrel. In a nervous climate, with the futures on the start of Wall Street uncertain, in Piazza Affari among the major stocks the heaviest is Saipem, which drops 2.7%, followed by Banco Bpm down 2.6%. The credit sector is generally negative, with MPS fluctuating at parity after the quarter's accounts. Technoprobe rebounds (+1.7%), Buzzi rises by 1.8%.

Asian and Pacific stock markets also all closed lower in the wake of Wall Street's slide and fears linked to the results of the US elections, which among other things could slow down investments in data centers dedicated to artificial intelligence. The heaviest markets are Seoul, which lost 6% net, and Tokyo, which fell by 5.9%.

Chinese stock markets were also negative, with Shenzhen losing 2.2% and Shanghai 1.1%. Hong Kong fell by 1.2%, while Sydney limited the decline to half a percentage point. Futures on the start of European stock markets are negative, while those on Wall Street are still uncertain.

The Tokyo Stock Exchange ends the session with the reference index below 60,000 points for the first time in about five and a half months.

The Nikkei reference price list fell by 5.96% to 57,434.77, with a loss of 3,643 points. On the currency market, the yen strengthens against the dollar at 157.80, and against the euro at 176.70.