European stock markets are worsening, in the wake of the fall of Wall Street on the eve and the collapse of British GDP as investors look with concern at the warning by virologist Anthony Fauci on the risks of an excessively accelerated exit of the US from the lockdown. Paris and Frankfurt drop 2.1%, London 1.3% and Milan 1.5% with investors who fear, also in the light of the quarterly reports, that the rebound of the lists from the March lows was excessive . The BTP-Bund spread continues to travel around 244 basis points, up by four basis points. Milan at -1.43% at 10.30. FTSE-MIB index at 17,307.65 points while the spread between BTP and Bund at +243.42 basis points at 10.30.
On the Milanese market, after the first exchanges, the thud of Exor (-5%) after the stop to the sale of PartnerRe was recorded, while FCA (-3.6%), Stm (-3.5%), Leonardo (- 3.4%), Cnh (-3.3%), Tenaris (-2.9%) and Atlantia (-2.7%), prey to uncertainties about the concession. Among the bad Unicredit banks (-3%), Eni sold 2.4% with oil returning to fall. Paired Intesa (-1.5%) and Ubi (-1.4%) after the lighthouse lit yesterday by the Antitrust on the oops. Ferragamo went against the trend (+ 1.6%) despite the red accounts in the first quarter. Diasorin (+ 1.7%), Recordati (+ 1.1%) and Poste (+ 0.7%) also performed well after the accounts.
