March 1, 2021

The Milan Stock Exchange falls 2.43% the day that Salvini dismisses Juncker and Moscovici as "enemies of Europe"

The Milan Stock Exchange falls 2.43% the day that Salvini dismisses Juncker and Moscovici as "enemies of Europe"


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MadridUpdated:

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The Ibex 35 has closed today with a drop of 0.59% to 9,199 points by the uncertainty in Italy whose minister of the Interior and strong man of the coalition executive, Matteo Salvini, has charged this Monday harshly against the president of the European Commission Jean-Claude Juncker and the commissioner of Economic Affairs, Pierre Moscovici whom he has branded as«Enemies of Europe»for bringing insecurity at work and fear. Words spoken at a press conference with another "black beast" for European elites, the leader of the French National Front Marine Le Pen.

Italian uncertainty has spread like an oil stain across the continent, with the main parks of the Old Continent dyed red: Milan Stock Exchange has closed its main index, FTSE MIB, with a fall of 2.43%, to stand at 19,851.47 points. In parallel, London has left 1.13% for 1.36% of Frankfurt or 1.10% of the main Parisian index- the CAC40- and 1.07% of the fall recorded by the Eurostoxx 50. In a similar line, the PSI 10 Lisbon has retreated 1.56%. On the other side of the Atlantic, after 18 hours, the Dow Jones has fallen 0.62% by 1.33% of the selective technology Nasdaq.

All this on a day whenthe Italian risk premium has once again risen to 300 points, and the Spanish has returned to values ​​above 100. In this way, the market once again showed the fears of investors to the tug of war between the Italian populist executive and the European authorities, whose outcome is expected in the coming days .

The Ibex digs in its soil

For its part, the selective Spanish has left 54.70 units and has reached the 9,199.20 points – and abandons the 9,200 for the first time since the beginning of Septembere- with which the annual losses are extended to 8.41%, while the risk premium stood at 107 basis points.

The main values ​​have closed disparate, while BBVA has added 1.01%, Telefónica 0.84%, Santander 0.39% and Iberdrola 0.35%, Repsol and Inditex have lost 1.23% and 1.22% respectively

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