After Fauci Powell speaks and the bags remain in red

2020-05-14T07:40:22.392Z

Tuesday's words by Anthony Fauci, the virologist consultant to U.S. President Donald Trump, had fueled fears of the spread of contagions in the United States. Fed chairman Jerome Powell spoke yesterday about long recovery times and unprecedented risks to the economy. The markets did not take it well and so after the decline of Wall Street and the Asian markets, even the European squares started with the minus sign. Milan, however, is the best in the start. The Ftse Mib index is limiting losses to 0.22%, while the declines for London, Frankfurt and Paris are around 1%. Industrial stocks suffer on the list of Piazza Affari. The tension on the markets also affects government bonds. We buy the German Bund considered more secure and the yield drops. So while our Btp remains stable at 1.84%, the spread widens slightly to 238 basis points, one more than yesterday. The Euro against the Dollar was stable with the exchange rate at 1.0808.