Industrial production collapses and Milan is the worst in Europe

2020-06-11T11:30:20.308Z

The April figure on industrial production in Italy, -19% compared to March, penalizes Milan. The Ftse Mib index lost 2.89%, worse than Paris (-2.13%) and Frankfurt (-2.17%). Only London (-1.99%) manages to limit losses below 2 percentage points. Negative day for everyone with the markets disappointed by the meeting last night of the Federal Reserve, the US central bank. Down the Milanese industrial and banking list. Bad Fiat Chrysler (-6.01%) due to the lengthening of the time of the European Antitrust investigation in relation to the merger with PSA. Good news from government bonds. Today's btp auction saw yields drop and this propitiated a narrowing of the difference with the German Bund. The spread, which had reached 190 before the placement, has now fallen to 186 basis points, 2 less than yesterday. Among the currencies, the Euro against the Dollar remained stable at the exchange rate at 1.1374.