Spread Btp Bund goes back to 255 points. Eni: with a crisis, it revises the 2020-21 plan

The spread between BTP and Bund marks 255 basis points at the start of the day, a sharp increase compared to 241 last night. The yield on the Italian 10-year security returns to above 2%, to 2.08%.

Asian stock exchanges close in red with fears over the damage to the global economy caused by the coronavirus pandemic. Investors also look to the uninspiring quarterly season and disappointing US job market data. Closes Tokyo red (-0.86%). On the currency market, the yen appreciated against the dollar at 107.60, and at a value of 115.80 against the euro. With markets still open, China is decreasing with Shanghai (-1%), Shenzhen (-1.4%), Hong Kong (-0.5%). Mumbai (-1.2%) and Seoul (-1.3%) were also bad. On the macroeconomic front, the S&P rating for Italy and the United Kingdom is expected. Also expected is the business confidence index from Germany. The indices of consumer and business confidence are expected from Italy. Durable goods and consumer confidence from the United States.

Euro prices down at the start of the day on international markets. The European single currency changed hands at 1.0759 dollars compared to 1.0779 last night after the closure of Wall street. Against the yen, the single currency is at 115.81.

Eni: with crisis reviews 2020-21 plan and brent price  - "Eni promptly defined its responses to the current crisis scenario by reviewing the industrial plan for 2020 and 2021 with the aim of safeguarding the solidity of its balance sheet". This is stated in the note released after the board that approved the results for the quarter. Based on the new macroeconomic scenario, Eni has also updated the Brent price forecasts, reducing them to 45 and 55 dollars per barrel for 2020 and 2021.

Eni's first quarter results (with a net loss of 2.93 billion euro and an adjusted net result of 59 million) are "penalized by the combined effect of the economic crisis induced by Covid-19 and by the fall in energy prices".