After the Wall Street thud, European stocks are still weak

2020-03-17T09:07:22.390Z

Yesterday the crash of Wall Street, the worst since 1987, ended a very heavy day for all the markets. Today the Asian squares have tried to reverse the course. At the opening Milan, from -6% yesterday, marked + 3%. With the passing of the minutes, however, stock exchanges across Europe began to lose ground again. Now Piazza Affari remains positive (+ 0.95%), as well as Paris (+ 0.46%). Frankfurt (-0.36%) and London fell, losing 0.96% behind other European countries as regards measures on Covid-19. On the list of Piazza Affari it goes from + 4.87% of Telecom to -6.93% of Fiat Chrysler which sells 6.93%. Positive signs also come from government bonds. The spread with German bunds is getting shorter to 249 basis points from yesterday's 263, with the 10-year BTP yield falling to 2.06%. Among commodities, the price of gold still falls to $ 1,482 an ounce, while oil rises slightly above the lows to $ 30.34 a barrel. On the currency market, the Euro starts to fall again against the dollar with the exchange rate at 1.1114.