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The first session of the Christmas week started with a sharp decline in Western stock exchanges and a good rise in Pacific stock exchanges. But that’s not the only oddity of the day. There is another, which has led more than one analyst to ask questions. Let’s find out what it’s about thanks to the Analysis of the ProiezionidiBorsa Study Office.
Bags crash
It was a very heavy day for the stock markets, as we had not seen for a few months. If you scroll through the price list with the world squares trend, you will only see red lines, a sign of losses for all price lists.
The only stock exchanges that have advanced are those of China and Korea. With a slight decrease of the Japanese, 0.18%. And this has a clear motivation linked to the reason for the stock market crash.
The collapse of the European charts, which occurred immediately at the start of the session, has a clear culprit. Stock markets crashed due to the discovery in Britain of a variant of the coronavirus. The fear is that this variant will slow down the spread of the vaccine and could slow the return to normality of European economies.
What is the reason for the strange phenomenon that has hit the stock markets today?
Why weren’t the Pacific stock markets affected by the crash? Because in both China and Korea, the coronavirus has almost been eradicated. And even in Japan, the situation is not dire.
In this sense, it is curious to note how the English stock market has lost less than the rest of the main European markets. In Piazza Affari the Ftse Mib index (INDEX: FTSEMIB), lost 2.6%, finishing at 21,410 points. The German Dax index lost 2.8%, that of Paris 2.4% and the Madrid Stock Exchange more than 3%. London, on the other hand, closed with a loss of 1.7%.
How is it possible that the coronavirus variant developed in the UK but the mainland stock exchanges paid the highest price?
A possible explanation
What is the reason for the strange phenomenon that has hit the stock markets today? Traders probably took advantage of the negative news to ease their positions ahead of the Christmas and year-end holidays. An excuse to sell and wait until January 7 to buy again. Yes, in the meantime, nothing else will happen.
Deepening
This is the multi-day analysis and the point on international markets of the Department of Studies of ProiezionidiBorsa.
