Covid infects Trump, the markets feel the pinch

2020-10-02T11:09:05.517Z

The uncertainty related to the possible consequences of Trump's health in the middle of the election campaign does not like the markets. US futures are in sharp decline as well as European stock exchanges. Milan has partially recovered from the opening and now drops 0.82%, in line with London and Paris, while Frankfurt, the worst, loses 1%. On the commodity market, sharp decline in oil. The US WTI drops to 37 dollars a barrel with a decline of almost 4 percentage points. The climate of uncertainty penalizes equity markets and pushes towards less risky investments such as government bonds. Our ten-year BTP, which marks an all-time low of 0.79%, also takes advantage of this. The spread with German bunds is also shortened to 133 basis points, 3 less than yesterday.