Black Friday for Piazza Affari and for the spread

2019-08-09T16:25:25.838Z

Very weak closure for Piazza Affari at the end of a session which saw the stock market fall and government bonds under pressure. The spread that measures the gap between the yields of our 10-year and German yields jumped to 240 basis points, with a 30-point increase in a single session, because the BTP rate jumped to 1.82%. And the stock market closed down by 2.48%, the worst balance sheet among European markets. Frankfurt ends at -1.28%, Paris at -1.11%, Madrid at -1.37%. Markets grappling, in the second part of the session, with the Wall Street declines: the Dow Jones index loses 0.85% and the Nasdaq has also widened the discount compared to the start: -1.38%. In Piazza Affari, the fall in the list started with the actions of the banks, which have government bonds in their balance sheets: among bank stocks, losses spread between 4 and 9%. Finally, on the currency markets, the euro is stable: it closed the week at 1.1216 on the dollar.