European stock markets up. The spread returns below 200 points

2020-03-11T09:22:18.900Z

Volatility is the key word these days, investors are looking at the responses of governments and central banks to the Covid-19 emergency. Shortly before the stock exchanges opened, the Bank of England cut rates by 0.50%, from 0.75% to 0.25%, to support businesses and families. This is followed by what other central banks have done, starting with the US Fed. The start of the equity markets in Europe was positive. The Ftse Mib index in Milan marks + 2.76%. Frankfurt + 2.50%, Paris + 2.45%, London + 1.54%. Among the sectors in Piazza Affari, benefiting from the announcement of the Bank of England and the other measures announced by the Italian government especially the banking one (+ 4.45%), the reaction of industrial and utilities stocks was more limited, rising by one point and half. Yesterday, remember, the Milan Ftse Mib index had been up all morning, but closed with a drop of 3.28 percent, after -11.17 on Monday. The main Wall Street indices rose by nearly 5 percent yesterday. This is also due to Trump's announcement of the desire to eliminate wages taxes for this year. But the situation is volatile. US index futures are down this morning and the Eastern stock markets also fell overnight, with drops of over 2% for the Tokyo, Seoul and Sydney indices. The spread is falling compared to yesterday, it is now at 196 basis points. Closing on Monday was 224 points.