The main European stock markets traded at strong lows this Friday, dragged down by the entire banking sector, which fell after the panic on Thursday in the US, where the difficulties of Silicon Valley Bank caused losses in the financial sector.
At 9:30 am in Lisbon, the EuroStoxx 600 was down 1.67% to 452.30 points.
The London, Paris and Frankfurt stock markets fell 1.83%, 1.60% and 1.76%, as well as those of Madrid and Milan, which fell 1.75% and 2.16%, respectively. .
After opening lower, the Lisbon Stock Exchange maintained its trend and at 09:30 am the main index, the PSI, fell 0.78% to 6,009.30 points.
The European stock markets opened this Friday with heavy losses in a context of widespread falls worldwide, after Wall Street aroused fears about the situation in the financial sector.
The American bank Silicon Valley Bank sank 60% after announcing a large capital increase, and its sharp fall spread to other North American institutions.
Furthermore, the cryptocurrency firm Silvergate announced its closure and liquidation.
Fears about these banks caused the fall on Wall Street, which today will also focus on the publication of unemployment data for February, an indicator that the US Federal Reserve (Fed) monitors to decide the steps of monetary policy .
In Asia, the sale was also imposed on a day in which the Bank of Japan decided to maintain its easing policy, which includes ultra-low interest rates and controls on long-term bond yields.
However, today the year-on-year inflation rate for Germany was released, which stood at 8.7% in February, and analysts were positively surprised by the UK Gross Domestic Product (GDP) figure, which grew 0.3%. in January, compared to a fall of 0.5% last December.
On Thursday, the New York Stock Exchange closed at lows, with the Dow Jones falling 1.66% to 32,254.86 points, compared to the maximum since its creation in 1896, of 36,799.65 points, registered on January 4, 2022.
The Nasdaq closed down 2.05% to 11,338.36 points, compared to the current maximum of 16,057.44 points, verified on November 16, 2021.
On the exchange front, the euro opened lower in the Frankfurt exchange market, to quote at 1.0576 dollars, compared to 1.0577 dollars on Thursday and 1.0909 dollars on February 2, the maximum since April of 2022.
The euro has been trading above parity against the dollar since November 7, after having been below parity since September 20, with the exception of October 26 ($1.0076).
A barrel of Brent oil for May delivery opened lower on the Intercontinental Exchange Futures (ICE) in London, trading at $80.90, down from $81.59 on Thursday.
Source: TSF
