#Russia-Ukraine conflict #European stock markets open in deep red, and the Milan exchange is now suspended
It's now 10 a.m. European time on March 7, and the European Stock Exchange starts the first trading day of the week in a deep red color. Russia's war in Ukraine and the missed sanctions, including a possible ban on oil imports from Moscow, are putting pressure on markets. The Stoxx 600 euro index fell 1.7%. Frankfurt (-3.67%), Paris (-2.87%), London (-0.7%).
Natural gas prices began by soaring to all-time highs. In Amsterdam, at the beginning of the trading session, the price of Mmbtu rose to 225 euros, up 17%, and then fell back to 216 euros (+12.2%).
Oil prices soared: Texas crude rose 8.62 percent to $125.76 a barrel; Brent surged to $130 at $129.48 (+9.63 percent).
The war in Ukraine and sanctions against Russia continue to affect the price of gold and raw materials. Gold bars delivered immediately after touching $2,000 an ounce were reported at $1,980 an ounce, up 0.5 percent. However, the biggest gainer was nickel, up 16 percent. Aluminum (+2%) and copper (+3%). Platinum rose 5.2% to around $3,137 an ounce.
The Milan Stock Exchange extended its losses compared to the opening, with the FTSE falling 4.5% to 21,452 points.
In Piazza Affari (Milan Stock Exchange address - Figure 1), the exchange claimed to suspend selling downside volatility, including Stellantis and Banco Bpm - 11%, which theoretically fell 11%.
