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by Fabrizio Patti 13 March 2020Yesterday the biggest drop ever for Piazza Affari, -16.62%, which had brought the monthly drop to 40% of the Ftse Mib.
Today a session start in recovery. The Ftse Mib, after the initial 6%, marks + 2.90%. London + 1.94%, Frankfurt + 0.89%, Paris + 1.24%.
Rebound that had been anticipated by futures on the Wall Street indices, up 9% by 4% after -9.90% yesterday.
Today Consob has banned short sales, that is, those that make money in the event of a fall, on 85 stocks of the Italian stock exchange. At the moment, especially oil and utilities stocks are rising.
Today then to observe the spread between the yield of the BTPs and the Bund, which yesterday had risen by 60 basis points, closing at 253 points. Strong fluctuations in the opening, it is now at 254.
The black market week ended in the East with new drops. The largest is that Tokyo stock exchange, where the Nikkei 225 index fell by 6%. It also touched peaks of -10%. Also in the Japanese case, the central bank intervened, which undertook to buy corporate bonds for the equivalent of 4.5 billion euros.
Losses also in the other eastern markets, with the exception of Sydney, where the central bank also intervened with an injection of liquidity.