The fears of the ECB Bulletin weigh down the European stock exchanges

2020-05-14T10:58:11.054Z

Fed and ECB do not see an immediate recovery of the economy. The central banks of the United States and the European Union still see many risks on the horizon due to Covid. Stock exchanges react badly and Milan drops 2.04%. Frankfurt is the best (-1.86%), while the losses of London and Paris also exceed 2 percentage points. Industrial stocks suffered on the list in Piazza Affari with Leonardo (-5.12%) and Cnh Industrial (-4.89%). Shares are sold, government bonds are bought. Thus yields drop, but the spread remains stable. The differential with the German Bund is 237 basis points, while our 10-year BTP is 1.84%. On the currency market, the Euro loses some position on the Dollar slips just below 1.08.