Weak Piazza Affari, declining spread

2019-09-03T10:29:06.990Z

European stock markets down in the middle of the day, waiting for news on the Brexit front and the reopening of Wall Street after yesterday's holiday break. In Milan, the Ftse Mib index lost 0.28%, in line with London -0.22%, Frankfurt slipped to 0.43% and Paris 0.46%. The yield on the 10-year BTP is still lower, at 0.90%, with the spread compared to German Bunds lowering to 163 basis points. Brexit uncertainties hit the British pound, falling below 1.20 in the exchange rate with the dollar for the first time in over two and a half years, and also down on the euro. The common currency strengthens and rises to 91.25 pence.