The PMI index plummeted in March. European stock exchanges still in red

2020-04-03T11:33:45.774Z

The PMI index, which anticipates economic trends, plunges in Italy and in the eurozone in March. The mid-session stock exchanges confirm the drop in starting. Without a push from the US futures down by one percentage point, Milan lost 1.17%. But also in the rest London, Frankfurt and Paris drop around the percentage point. Atlantia once again stands out in Piazza Affari (+ 10.64%) awaiting news regarding the subsidiary Autostrade per l'Italia. On the roller coaster the price of oil which rose by 25% in a few hours yesterday. Currently, WTI crude oil futures remain at yesterday's highs at $ 26.48 a barrel, ahead of a meeting of producer countries that could cut extraction to avoid price slumps. On the government bond market, the spread with the German Bund remained just below 200 basis points, with the yield of the 10-year BTP at 1.53%. On the currency market, the strengthening of the Dollar slowed down and the exchange rate saw the Euro stable at 1.0812. Marzio Quaglino Update 12.54