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by Sabrina Manfroi 19 May 2020Seat of realizations today for the European squares and does not help the start in decline of Wall Street: DJ -0.64%, Nasdaq + 0.12%.

Markets are awaiting Powell's hearing in Washington's parliament as the slump in European auto sales in April weighs: -78%. Milan the worst drops 2.3% London -1.11%, Frankfurt -0.6% Paris -1.2%.

The spread continued to drop, 214 basis points, the ten-year yield fell to 1.70% while Btp Italia's request continued.

Exor and Enel are among the few headlines, while Telecom sinks by 8.23%. Unipolsai Recordati, Banco Bpm and Juventus sell over 7% and Moody's warns: the credit quality of Italian companies will continue to deteriorate in the next 12-18 months.