ECB beyond expectations, weak stock exchanges

2020-06-04T16:18:21.553Z

Weak session for European stock exchanges, which closed down after the announcement of the strengthening plan by the ECB: purchases of government bonds in support of the economy burdened by the pandemic emergency, € 600 billion, purchases that will continue at least until June 2021. Milan -0.04%, Frankfurt -0.45%, Paris -0.21%, London -0.64%. The spread closed sharply at 178 basis points, the 10-year yield fell to 1.46%. Still purchases on banks, the best Banco Bpm stock + 4.35%, Poste Italiane + also good, 3.2%, Ferragamo badly, -2.64%, which comes out of the main list together with Bper. Exor -2.16%. The euro strengthened to 1.1320 against the dollar.