While waiting for the new government, the stock market goes up and the spread drops

2019-08-21T07:37:52.976Z

Less than twenty-four hours after the resignation of Prime Minister Giuseppe Conte, Milan changes the black shirt to pink. The markets, putting in the formal opening of the crisis, question themselves about the possible scenarios and the economic choices that the next executive intends to take. The Ftse Mib index (+ 1.27%) is going beyond yesterday's decline. London, Frankfurt and Paris also did well, gaining around half a percentage point. In the Milan list there are banking stocks, with the BPM bench (+ 1.85%), but also energy, due to the increase in the price of oil, and industrialists. Returns on the government bond market continue to fall. The 10-year BTP touches 1.35%, at its lowest level since October 2016. The spread is also shortened, which, for the first time in the month, returns below the psychological threshold of 200 basis points. Among currencies, the Euro remains stable on the Dollar with the exchange rate at 1.1095.