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by Marzio Quaglino February 27, 2020 Markets expected reassurance from the speech by US President Donald Trump yesterday evening. His words were not enough. In Asia, Tokyo lost 2.13%, while Hong Kong and Shanghai revised the plus sign. But in Europe the start has been particularly heavy. Miano is selling 1.95%, while in London, Paris and Frankfurt the drop is more than 2 percentage points.
On the list of Piazza Affari only discounts. The headlines of yesterday's rise in Milan are falling today, but retain part of yesterday's earnings. Saipem today -2.56% (yesterday + 4.93%), Fiat Chrysler -1.43% (+ 4.60%) and Telecom -0.99% (+ 3.51%). Black jersey (only), one of the major titles in the list, Juventus which, after yesterday's defeat, is leaving 4.33% on this ground.

Ancona under pressure from government bonds. The yield on the 10-year BTP is once again above the percentage point and the spread with the German Bund has risen to 152 basis points.

Oil is still falling with the North Sea Brent returning to August 2017 levels at 52 dollars per barrel.

Markets expected reassurance from US President Donald Trump's speech last night. His words were not enough. In Asia, Tokyo lost 2.13%, while Hong Kong and Shanghai revised the plus sign. But in Europe the start has been particularly heavy.

Milan is selling 1.95%, while in London, Paris and Frankfurt the drop is more than 2 percentage points.

On the list of Piazza Affari only discounts. The headlines of yesterday's rise in Milan are falling today, but retain part of yesterday's earnings. Saipem today -2.56% (yesterday + 4.93%), Fiat Chrysler -1.43% (+ 4.60%) and Telecom -0.99% (+ 3.51%). Black jersey (only), one of the major titles in the list, Juventus which, after yesterday's defeat, is leaving 4.33% on this ground.

Ancona under pressure from government bonds. The yield on the 10-year BTP is once again above the percentage point and the spread with the German Bund has risen to 152 basis points.

Oil is still falling with the North Sea Brent returning to August 2017 levels at 52 dollars per barrel.